Kevins
Inscrit le: 25 Avr 2021
Messages: 7
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 Posté le: Lun Jan 31, 2022 12:14 pm Sujet du message: Bitcoin and Satoshi |
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In the slang of traders, you can often hear an abbreviated version — "Cue Ball". Bitcoin sticker on cryptocurrency exchanges, exchangers, wallets — "BTC". For example, the amount of 1.5 Bitcoins can be written as "1.5 btc".
Perhaps in the future BTC will be renamed to XBT. For example, this is how it is named on the exchange with the largest turnover of Bitmex. There is an official Bitcoin token in the Unicode standard: (U+20BF).
Bitcoin works and exists only on the Internet. All transactions and wallet balances are stored using Blockchain technology (English "BlockChain", a chain of blocks). Each new block in the chain is linked to the previous one. In order for it to appear on the network, it must be "approved" by the majority of participants. This process is called mining.
The Bitcoin network operates on P2P (peer-to-peer) technology. Simply put: direct transfer from one wallet to another (without intermediaries).
For the first time, this approach was so massively applied to cryptocurrencies, although the idea of storing a database in the form of a Blockchain has been known since the XX century.
Such a way of storing a database gives a lot of advantages to Bitcoin:
High anonymity;
The inability to forge a payment (for this you need to have computing power exceeding the entire network, which is unrealistic);
It is impossible to cancel the transaction (what happened cannot be returned);
The network is supported by a huge number of miners and it is practically impossible to hack it;
2. What is Satoshi
Satoshi is one hundred millionth Bitcoin (0.00000001). By analogy with fiat money, we can say that it's like a penny for the ruble or a cent for the dollar (only taking into account the fact that here the division is not by 100, but by 100 million).
Satoshi is the smallest part of Bitcoin. There are no smaller parts of the cryptocurrency. The name comes from the name of the creator of Bitcoin - Satoshi Nakamoto (about him will be told in the history section below). With the rising cost of the BTC exchange rate, these parts are used more and more often in transactions. |
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Jasson
Inscrit le: 16 Jan 2021
Messages: 8
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| Posté le: Lun Jan 31, 2022 5:07 pm Sujet du message: |
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| This is far from the limit of earning crypto, if you learn and actively trade on crypto exchanges. You can just trade, or you can use software developed by professionals for crypto transactions. It is not as difficult as it seems at first glance. Moreover, there are already many positive examples that you can learn about by reading about a cryptocurrency arbitrage bot that gives you the opportunity to earn money. Believe me, this is now the most relevant way to generate income. |
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