Bitcoin block chain using technology, but not the same as the bit block chains credits
Distributed around the world, capable of co-operation of the database storage system
Decentralized system, in the end who is to issue currency? It is unlimited release it?
Bitcoin currency is through (workload proven mining ) to issue, the total number of dead is written by program 2100 Wan Ge, while the first pen block reward is hard-coded to write to die. Miners dug award a block obtained every 210,000 blocks will be reduced by half, according to an average of 10 minutes to dig the efficiency of a block, it said almost dropped once every four years. Since January 2009 each block reward Bitcoin 50, November 2012 halved for each block of 25 bits coins, July 2016 halved to 12.5 Bitcoin. Based on this rule, to 2140, all Bitcoin (20,999,999,980) will be fully completed issued, after no new Bitcoin generated.
The block chain is essentially a decentralized, distributed books database
Decentralized advantage
- Decentralized approach will be to save a lot of resources , so that the whole deal of autonomy, simplification , and ruled out by the control center of proxy risks.
- It implements a point of direct interaction , so that high-efficiency, large-scale, non-centralized proxy information interactively become a reality.