What does “比特比币” mean? (What does “比特” in “比特币” mean?)
What does \”比特比币\” mean? According to Bitcoin news, \”比特比币\” is a decentralized cur
What does “比特比币” mean? According to Bitcoin news, “比特比币” is a decentralized currency. According to the announcement from Bitfinex, starting from 2014, Bitcoin has evolved into a cryptographic asset called “比特令牌”. Unlike Bitcoin, it uses the SHA256 algorithm and POW mining technology for its proof-of-work mechanism. From February 2016 to early 2018, along with the surge in BTC price to over $10,000, its market value also increased. Therefore, the price of Bitcoin soared at the end of 2017, reaching a historical high in early September of the same year. Afterward, Bitcoin continued to decline until it stabilized during the bear market in 2019, but eventually fell again in mid-May 2020.
What does “比特” in “比特币” mean?
Bitcoin is the first unit of currency determined using mathematical methods. In the Satoshi Nakamoto white paper, he likened BitcoinCash to “coins of money”. This term can be understood as a way of accounting or a medium of exchange from the very beginning, and its value is not so important.
So, as we can see from the following text: Bitcoin is a completely decentralized and programmable global computer network, run and maintained by 21 million nodes, without any central controlling authority.
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