10 BASIC THINGS YOU SHOULD KNOW ABOUT BITCOIN (Part 1)

in #bitcoin6 years ago
  1. SATOSHI NAKOMOTO INVENTOR BITCOIN

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Although to date the identity of the inventor of the bitcoin has yet to be authenticated. However, 11/2008, a person or an organization whose name is Satoshi Nakomoto launched a white paper about the bitcoin to the world.

Bitcoin Satoshi design started from 2007 when he believes can design be a trading system that members do not need to trust each other.

Bitcoin development community gradually lost touch with Satoshi from mid-2010, after he gave Gavin Andresen lock alarm when network of Bitcoin is attacked.This key can be used to alarm to the network stop to save the transaction.To date, the exact identity of Satoshi Nakamoto still unknowns.

2.MT. GOX BITCOIN TRADING BANKRUPT FIRST IN 2014
In 3/2014, largest Bitcoin trading world has filed bankruptcy in Japan and said about 850,000 Bitcoin your hardwood floors have been hackers steal because of weaknesses in the security of the system variables the internal computer system.Shortly after Mt Gox filing bankruptcy, the value of Bitcoin fell 2% to $563.7.
Also there is not a victim of the Mt.GOX was relief by Bitcoin is constructed so to become an independent property.

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TTO-digital money trading Bitcoin Mt. Gox has filed bankruptcy court Tokyo with up to 6.5 billion Yen debt.At the same time point, website source code was publicly hacker Gox Mt. over the network.

  1. WHAT IS DIGGING BITCOIN?
    Use the power of computers to solve security on the network of bitcoin and get Bitcoin.

The software that take advantage of the processing power of the CPU and GPU (VGA-graphics card) to run complex algorithms and then share the solution for the entire network.

Although the algorithms are very hard to find a solution but very easy to check the true/false results and with each correct results, "miner" will receive virtual money or matching Bitcoin effort they put out.

  1. PRICE HIGHEST BITCOIN 5,149 USD???

The highest is OKCoin floor of China with a peaking for bitcoin is $5,149.This increase has been widely interpreted in many different ways and mainly said that due to the move on the thermonuclear bomb test ICBM missile of North Korea.

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  1. BITCOIN HAS UNDERGONE a SPLIT TIMES

Since the advent of the Bitcoin usurped once separated on past 1/8 to produce copper Bitcoin cash coin is the mirror of the Bitcoin.

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