The concept of Bitcoin (BitCoin) was first proposed by Satoshi Nakamoto in 2008. Open source software designed and released based on the idea of ​​​​and the P2P network built on it. Bitcoin is a P2P form of digital currency. Point-to-point transmission means a decentralized payment system.

Different from most currencies, Bitcoin does not rely on a specific monetary institution to issue, it is generated through a large number of calculations based on a specific algorithm, the Bitcoin economy uses a distributed database composed of many nodes in the entire p2p network to confirm and record all Transaction behavior, and use the design of cryptography to ensure the security of all aspects of currency circulation.

The decentralized nature of p2p and the algorithm itself can ensure that the value of the currency cannot be artificially manipulated by making a large number of bitcoins. Cryptography-based design allows bitcoins to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total quantity is very limited and it is extremely scarce. The currency system used to have no more than 10.5 million in 4 years, after which the total number will be permanently limited to 21 million.
 
比特，是一种计算机专业术语，是信息量单位，是由英文BIT音译而来。 The information contained in one bit of a binary number is one bit, such as the binary number 0100 is 4 bits. Then, the concept of bitcoin is connected with currency. It is not difficult to see that bitcoin is not a real currency, but a computer electronic virtual currency, which is stored on your computer.

Currently, this brand new virtual currency is not controlled by any government, any bank. Therefore, it has not been legalized.

How to get Bitcoin

If you are interested in it, YouToCoin can tell you that you can not only buy bitcoins in the trading market, but in the early days, when the difficulty of bitcoin computing power was very low, you could also use a computer to calculate according to the algorithm A lot of computing to "mine" bitcoins.
 
在用户“开采”比特币时，需要用电脑搜寻64位的数字就行，然后通过反复解谜与其他淘金者相互竞争，为比特币网络提供所需的数字，如果用户的The computer successfully creates a set of numbers, and then it will receive the bitcoin rewarded by the block.

but Due to the continuous increase in the value of Bitcoin, the number of Bitcoin mining users is currently very large, with millions of professional mining machines mining at the same time, and the output of Bitcoin every 10 minutes Coins are very limited, resulting in tens of millions of people robbing one block. Therefore, if you use a personal computer to mine alone, you may not be able to grab a block for a whole year. In this case, people I came up with a method of team mining, so the mining pool (mining pool) was born.

The mining pool is a server designed with a specific algorithm. All users connected to the mining pool server will form a team to mine. Although the performance of the personal computer is small, thousands of people will form a team to mine. , the overall performance will become very powerful. In this case, the success rate of mining will be greatly improved. Once the team in the mining pool successfully creates a block, then all the people in the team will Make dividends.

The current Bitcoin computing power of the entire network is 56.48 EH/s, the difficulty of the entire network is 7,409,399,249,090 - 7.41 T, and the income per T is 1T * 24H = 0.00003394 BTC (data on June 20, 2019).

It is estimated that by 2020-05-05, Bitcoin production will be halved, and by 2140, the upper limit of circulating Bitcoin will reach 21 million. In other words, the Bitcoin system is self-sufficient, coded to resist inflation, and to prevent others from breaking those codes.

Bitcoin Features

Decentralization
Bitcoin is the first distributed virtual currency. The entire network is composed of users without a central bank. Decentralization is the guarantee of Bitcoin security and freedom.

Circulation around the world
Bitcoin can be managed on any computer connected to the Internet. Anyone can mine, buy, sell or receive Bitcoin, no matter where they are

Exclusive Ownership
Controlling your Bitcoins requires your private key, which can be kept in isolation on any storage medium. No one can get it but you.

低交易费用
目前可以免费汇出比特币，但最终对每笔交易将收取约1比特分的交易费以确保交易更快执行。 Details about transaction fees.

No Hidden Costs
As a means of payment from A to B, Bitcoin has no cumbersome quota and procedure restrictions. Once you know the bitcoin address of the other party, you can make the payment.

Cross-Platform Mining
Bitcoin is the love of techies! The computing power of different hardware can be exploited on many platforms. The geeks of YouToCoin should feel the same way: this is fun in itself.

Bitcoin Q&A

How does Bitcoin work?
Bitcoin uses a public key system. Every coin contains its owner's public key. When the coin is paid from user A to user B, A adds B's public key to the coin, and then the coin is signed by A with the private key. B now owns this coin and can use it in the future, but A cannot use this coin again, because the previous transaction records are recorded and maintained by all network computers. Coins must be verified for validity before each transaction.
 
比特币值多少钱？
When Bitcoin was first born, it was almost worthless. 1 USD could buy 1309.03 Bitcoins on average, but the price of Bitcoin once soared to 15,000 USD. Interested friends can find it on YouToCoin website , understand the real-time market of Bitcoin.
 
比特币能否兑换现金？
The answer is yes. You only need to get in touch with the bitcoin trading organization to complete the exchange. Among them, Huobi.com and Binance (see here, please give the editor an advertising fee?), are currently the most popular bitcoin trading platforms. In addition, there are many exchanges of various sizes that can exchange and trade bitcoins.
 
比特币是匿名的吗？
Bitcoin is not anonymous, on the contrary, strictly speaking, Bitcoin is completely public and traceable. Rather than saying that Bitcoin is anonymous, it is better to say that it is not real. For example, on YouToCoin, if you don’t register with your real name and don’t fill in your personal information, your only code name is your id, which is called non-real name; if you choose anonymous users for posting, this is called anonymous.
All transfer records of addresses in the Bitcoin world can be traced. Simply put, if you transfer a sum of money from an exchange to Bitcoin and then use it for black market transactions, no matter how many transactions you make, if you want to check Quickly find out where your money came from and track you down. Just like you use the same ID on YouToCoin, as long as you have exposed your personal information, you can always be human.
So Bitcoin is not anonymous, but not real-named.

The truly anonymous ones include Monero (XMR), Zcash (ZEC), Dash ( DASH), etc. YouToCoin has included a total of 40 anonymous currencies, among which XMR, DASH, and ZEC were born earlier, have larger market value, and are widely used, and are known as the three largest anonymous currencies. You can click to compare.

What can Bitcoin do?
Smart contracts, information disclosure, investment hedging, payment and remittance, speculation targets, value storage, currency issuance and social justice, money laundering, gambling, etc., oh yes, and buying pizza.
YouToCoin reminds investors that Bitcoin is always good, and law-abiding is the first priority.
 
为何要关注比特币？
Bitcoin represents a completely anonymous and cost-free transaction method. Bitcoin does not belong to any country and is not subject to geographical restrictions. It is a currency that users can freely exchange anytime, anywhere. For this new and promising form of currency, there is no reason why we should not pay attention to it.

YouToCoin发现，有些人总是看着看着我们的行情，就打开了交易所...请理智炒币！
 
比特币交易合法吗？
In December 2013, the People's Bank of China and other five ministries and commissions jointly issued the "Notice on Preventing Bitcoin Risks", which prohibited financial institutions from intervening in Bitcoin, but at the same time believed that:
"Bitcoin is A specific virtual commodity does not have the same legal status as currency, and it cannot and should not be used as currency in the market. However, Bitcoin transactions are a kind of commodity buying and selling behavior on the Internet, and ordinary people are at their own risk Under the premise, you have the freedom to participate."
According to relevant national laws and regulations, buying and selling Bitcoin is legal.
According to the current statement of the five ministries and commissions, Bitcoin is a commodity and is legally traded.
YouToCoin would like to add here that ICO is illegal, be careful not to confuse ICO/MLM with Bitcoin trading.

Forks of Bitcoin

The Bitcoin (also known as the fork currency) split by the hard fork is produced by changing the blockchain protocol and sharing the transaction records of Bitcoin as of a certain date and time. Bitcoin's first hard fork occurred on August 1, 2017, resulting in Bitcoin Cash (BCH ) appears.

The following three important hard forks that split Bitcoin are listed by date/block:
Bitcoin Cash: Fork Block: 478558, Date: August 1, 2017, every customer holds 1 Bitcoin gets 1 Bitcoin Cash
Bitcoin Gold: forked block : 491407, date: October 24, 2017, customers can get 1 Bitcoin Gold for every 1 Bitcoin they hold
Bitcoin SV: fork block: 556766, date: November 15, 2018, customers can get 1 Bitcoin SV for every 1 Bitcoin Cash they hold
YouToCoin Through collection and sorting, it is found that there are currently 105 Bitcoin fork projects that can be counted. Among them, 45 Bitcoin forks are still available for trading.
 
在这105个比特币分叉项目中，一些项目仅在比特币一词后加上了一些简单的词汇后缀，如比特币披萨（Bitcoin Pizza）、比特币男孩（Bitcoin Boy ), Bitcoin Hot (Bitcoin Hot), etc., a total of 16 Bitcoin forks have been recorded on the YouToCoin platform.
 
截至目前，大部分比特币分叉币的币价已接近归零。 In terms of market capitalization, besides BCH and BSV, the top Bitcoin forks are Bitcoin Cash (BCH), Bitcoin SV (BSV) and Bit Gold (BTG).