1. PixelPlaygroundHome
  2. Web3 News

Why Bitcoin is not famous (why does Bitcoin not disappear)

• Web3 News • 74 views

Why Bitcoin is not famous

Why Bitcoin is not famous Editor’s note: This article is from the vernacular blockchain (ID: hellobtc), authored by Mu, and reprinted by the Daily Planet with authorization Bitcoin is a concept of anonymous currency. It allows people to send, receive, and store data on the internet; But no one knows how this asset was created and the true meaning behind it. So why isn’t Bitcoin famous? We all know that there are many sources of information on the internet, such as the name of a website or application you own; You can create your own domain name to communicate and share information with other users – but in reality, these are all provided through the internet and cannot be used for transactions. However, due to the existence of the internet, many people have begun to doubt whether the internet will become a true wallet or system. If they don’t do this, they won’t realize who their funds may have been transferred to, and so on. And this behavior ultimately led to hacker attacks, even malicious software developers attempting to exploit this vulnerability to carry out 51% attacks on their accounts

So Bitcoin is not like some people’s impression, because it is Data anonymization, its privacy attribute is easily interfered and manipulated by anyone, or it can make it easier for criminals to obtain digital currency. But with the development of technology, this problem has become increasingly complex. For example, when a person wants to convert Bitcoin into French currency, he must pay a small fee with Cryptocurrency to complete the transaction. This is why Bitcoin does not need a Cryptography infrastructure to support all types of networks To prevent hacker attacks, Bitcoin has adopted a new protocol design called “Bitcoin Core”, which aims to build a secure foundation layer for Bitcoin. The Bitcoin team claims that “our first main chain has existed for many years and will be run by the community.” Although this assumption may have an impact, Bitcoin does not completely rely on the bottom layer of Cryptography. Although Cryptography itself is not a solution to the problem, it has not realized a real value storage means and accounting unit. On the contrary, it is built on a public platform for verifying transactions using technology

As pointed out in a recent report, “from a theoretical perspective, Cryptography is almost impossible to change the existing system, but provides a fundamental change”

According to the researchers of the Bitcoin Foundation, “Our goal is to completely rebuild the world in the next few years, while protecting the personal property of Bitcoin users from fraud and theft.”

In fact, the Codebase of Bitcoin is also open source, and a lot of work needs to be done to improve its functions. In addition to Bitcoin, there are several other important factors that can help ensure security

Why Bitcoin Will Not Disappear

According to CCN, a resolution by US President Biden requires Bitcoin to become a means of payment. This resolution aims to create a “transparent environment” for Cryptocurrency. The bill also stipulates methods that will allow users to use digital wallets to purchase and store Bitcoin, and enable it to be transferred anywhere for transactions. According to CoinMarketCap data, since May 1, 2009, over 1 million BTCs have been sent to individual customers of Bitfinex, Gemini, and Binance. US.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/21912/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/05/2023 03:18
Next 08/05/2023 03:41

Recommended articles