What is Bitcoin? What is blockchain? What is mining?
What is Bitcoin? What is Bitcoin?
Bitcoin (Bitcoin) is、Peer to Peer based on an open source protocol using public transaction logs(F2f)It is a currency that can be remitted with a settlement that realizes
Bitcoin is a symbolic currency like "king" among a number of crypto assets
It is like gold in precious metals, and its value is determined and maintained by people's credit.
It is characterized by the lack of centralized issuers such as central bank-issued currencies and companies.
What is blockchain? What is blockchain?
Block chain was born in the course of Bitcoin development
It is a technology for the block chain to implement a distributed ledger to mainly record the transaction of Bitcoin
Blockchain is、Bitcoin's core "transactional data" technology
Transaction data (history) is called "transaction"、A block is a collection of multiple transactions, and the state in which these blocks are stored continuously is called a "blockchain"
The data of the transaction history when sending crypto assets (cryptocurrency) is called "transaction"、A certain number of transactions stored in it is called a "block"
If you liken it to a bank passbook,、Transaction history such as deposits and deposits is "transactions"、One page of the passbook containing multiple transaction histables is a "block"
The flow through which transactions are incorporated into newly created or subsequent blocks is called "check"、New blocks are added one after another like a chain, and "blockchain" is formed
(1) When crypto assets (cryptocurrencies) are sent、New deals occur
(2) Multiple trades are incorporated into a single block
(3) Blocks are added one after another、Connected to a chain
Although it is often confused、Blockchain and Bitcoin (BTC) are not the same thing
Block chain A、With the technology made during the development of Bitcoin (BTC)、Technology for creating decentralized ledgers for recording Bitcoin (BTC) transactions
In addition to Bitcoin (BTC), many crypto assets (cryptocurrencies) use blockchain as a technology base.、Some exceptions do not use blockchain, such as dag (Directed Acyclic Graph) type crypto assets (cryptocurrencies)
What is mining? What is mining?
Creating blocks requires a huge amount of computing by the computer.、This calculation is called mining.
"Miners" individuals who mine、A group of miners is called a "mining pool"
New crypto assets (cryptocurrencies) are issued as rewards for mining、Given to the miner who generated the block correctly the earliest
Large-scale mining requires dedicated machines and large amounts of power consumption.、Instead of mining yourself、provide only funds and computational resources to mining companies、There is also a method called "cloud mining" that receives dividends according to the amount of investment and computational resources
Blockchain is characterized by being decentralized and managed、Stored on the computers of all Bitcoin users
because there is no particular governing body like a bank、Permissions don't focus in one place
For that reason,、Resistant to system failures、It is expected to be able to operate financial services at a low cost
The block chain database has a mechanism that is autonomously managed by the use of a distributed timestamp server and Peer to Peer network
Many of virtual currencies other than the bit coin is made up of the block chain as a foundation technology
