What is blockchain? How is it different from going to bitcoin?

Blockchain (blockchain or en block chain) is an intelligent peer-to-peer network that uses distributed databases to identify, disseminate and record information, also known as the Internet of Value. In 2008, Satoshi Nakamoto proposed the concept of "blockchain" in the "Bitcoin White Paper", and founded it in 2009, developing the first block, the "genesis block".

The blockchain shared value system was first imitated by numerous cryptocurrencies, with improvements in proof-of-work and algorithms, such as the adoption of proof-of-stake and . Subsequently, the blockchain ecosystem continued to evolve around the world, with the emergence of initial coin offerings (ICOs); smart contract blockchain Ethereum; asset tokenized sharing economy that is “light ownership, heavy usage rights”; and. Currently, people are taking advantage of this shared value system to develop decentralized computer programs (Dapps) in various industries, and build and decentralize autonomous communities (DAS) around the world.


Gorgeous dividing line, so what is Bitcoin ?


Bitcoin (Bitcoin) is a decentralized, non-universal, globally payable electronic cryptocurrency , an application of blockchain
. On March 3, based on a peer-to-peer network without borders, it was created with a consensus initiative open source software invention.
As of January 14, 2018, Bitcoin is currently the cryptocurrency with the highest market value. Anyone can participate in bitcoin activities, and it can be issued through a computer operation called mining (bitcoin). The number of Bitcoin agreements is capped at 21 million to avoid inflation problems.

The use of Bitcoin uses the private key as a digital signature, allowing individuals to pay directly to others without going through third-party institutions such as banks, clearing centers, securities dealers, etc., thus avoiding high handling fees, cumbersome processes and regulatory issues , any user who has a digital device that can connect to the Internet can use it.

Bitcoin Cash (BCC, BCH), etc. appeared on August 1, 2017, which is a hard fork of Bitcoin.

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Reprinted from: http://www.cnblogs.com/ansin/p/8542776.html

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