What is bitcoin (what is Rational number)
What is bitcoin and what is bitcoin? In the field of Cryptocurrency, the term “bitcoin” that we often hear is called bitcoin
According to the recent article published on the official Bitcoin blog, the term “Bitcoin” is a digital asset first proposed by Satoshi Nakamoto in January 2017. This document was written and published by Jimmy Song, the developer of Bitcoin Core. This means that it can be used with many different applications. Therefore, people can trade or transfer their funds without relying on third-party intermediaries What is the working principle of Bitcoin? Actually, it’s not that complicated: everyone can create a new blockchain system to track their data. But they cannot replicate this information like other computers. For example, miners in a Bitcoin network process thousands of transactions per second, while most nodes only accept a single byte of data to validate the entire process – that is, when you send a certain token to another person, the same number of blocks are generated and broadcasted Usually, in order to involve more users in this process, special functions are required to achieve maximum success. For those who do not have enough information to confirm your account, there must be multiple accounts to ensure the validity of the account. Although Bitcoin has anonymity, it does not disclose any identity issues: “I believe you already know who you are, or is he currently working for your private key?”
However, this statement is still controversial: if someone tells you that if you have a wallet address and password, you may have a complete wallet address and mnemonic, and that’s all, It is impossible for an unknown person to manage them again. “Bitcoin is a kind of Electronic cash, just like a payment method,” RogerVer added. “Bitcoin is one of them.” Over time, more and more exchanges will begin to offer Bitcoin services, as these companies hope to utilize new technologies to improve trading speed. Because these platforms allow customers to directly purchase Bitcoin instead of remitting money to exchanges, it is important for users How does Bitcoin work? In theory, Bitcoin is a decentralized network protocol used for storing, exchanging, and sharing value. One of the main characteristics of Bitcoin networks is access to hidden private data; However, due to its advantages of decentralization, immutability, and traceability, Bitcoin also faces consequences such as hacker attacks
On the other hand, Bitcoin itself does not belong to a government institution, nor does it have the legal power of Centralisation power, but is an important part of global supervision and supervision – which is why Bitcoin has been closely watched by governments of all countries
What is Rational number
What is Rational number
Rational number is a function that both parties reach a consensus and determine the result in a mathematical way. In the blockchain world, we are often referred to as “tangible” or “intangible”, which typically refers to a number representing a random number and a specific timestamp to calculate the result of a certain event. For example, if multiple large, small, and frequent transactions occur within a certain time frame, this information will have an irrelevant, meaningful, and non transferable effect; Or at a certain moment (such as when something happens on a certain day), this data will be processed (including the sender and receiver)
But what about Rational number? It is: encrypting without any rules before transferring someone’s behavior to another address. Is this behavior eligible and how is it priced? The answer is certainly reasonable. But the problem is, this is just one logical relationship. The concept of Rational number is actually a complex technical concept, which contains many factors. Specifically, first, because of some parity phenomena, several variables can be regarded as Rational number:; The second scenario is the possibility of errors caused by putting people first, which means that if the external environment becomes extremely harsh, then the technology cannot guarantee that its value will be fully verified; The third type of situation is caused by potential contradictions in the internal world – false breakthroughs may occur due to some reasons. The concept of Rational number is very important and is often used in various scenarios, such as the virtual money market in the game. So, in general, there are two important concepts that need to be considered: firstly, human society must accept such changes; secondly, it is necessary to avoid duplicate labor, duplicate work, and rethink existing economic models; Thirdly, adjustments should be made based on existing economic laws. (Note: “speechless”)
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/22004/
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.
Recommended articles
-
On March 30, Terraform Labs CEO Do Kwon Loses Appeal for Detention Extension in Montenegro
On March 30, the Montenegrin Podgorica Court rejected the appeal filed by Do Kwon, CEO of Terraform Labs, against the court\’s decision to extend the length of detention. The court
-
PoolzFinance to Redeem POOLZ Tokens in response to its Hacker Attack
According to reports, the official blog of PoolzFinance stated that a new POOLX token contract would be deployed and airdropped to all addresses (calculated before the hacker attack), and the old POOLZ token contract would be removed and destroyed. PoolzFinance: A new token contract will be deployed soon and will be airdropped to the user’s address 1:1 before the attack Analysis based on this information:PoolzFinance, a popular decentralized finance (DeFi) platform, suffered a devastating hacking attack on May 12th, 2021. Hackers made away with over $10 million in crypto assets, including Ethereum, Binance Coin, and PoolzFinance’s native token, POOLZ. Following the attack, PoolzFinance assured its users and investors that it was working on a solution to compensate those who suffered losses. According to recent reports, PoolzFinance has announced a new POOLX token contract that would replace the old POOLZ contract. All users who held POOLZ tokens before the hack would receive an airdrop of the new POOLX token. The POOLZ…
-
What Does Currency KYC Mean (ks Currency)
What Does Currency KYC Mean? Currency KYC is a digital token in a single English
-
What does Google Cloud’s election of EOS nodes mean? (Google Cloud CEO)
What does Google Cloud\’s election of EOS nodes mean? According to the introducti
-
Fidelity Forms Cryptocurrency Research Team: All You Need to Know
On March 28th, Fidelity, a financial asset management giant, is organizing its cryptocurrency research team and recruiting a leader for its cryptocurrency and token research and de
-
Charles Hoskinson: Cardano has a “beauty plan” for ZK rolls
On April 15th, Input Output CEO Charles Hoskinson was asked during a recent AMA event why Cardano\’s blockchain did not involve ZK rollops. He responded that Cardano has a \”beautifu
-
Bitcoin hit $28000 down
According to reports, the market shows that Bitcoin fell by $340 in the short term, hitting $28000 per coin, and fell 4.49% within the day.
Bitcoin hit $28000 down
I. Introduction- -
OKX President Hong Announces Over 50 Million Users Worldwide and $20 Billion in Accumulated Assets
According to reports, OKX President Hong attended the Web3 Hong Kong Carnival Summit and publicly announced that currently, OKX has over 50 million global users and the platform ha
-
Bitcoin Network Overload: Analysis of Unconfirmed Transactions, Network Computing Power, and Difficulty
According to reports, according to BTC.com data, there are currently 176737 unconfirmed transactions across the Bitcoin network, with a total network computing power of 340.52 EH/s
-
Telegram now supports USDT Transactions within its Wallet Robot
On March 22nd, Telegram users can now send USDTs to each other during chat. USDT has been added to Telegram\’s @ wallet robot, extending the messaging application\’s ability to buy a
-
Alpha Launch of the New ENS App Empowers ERC1155 Tokens with NameWrapper
On April 18th, it was reported that the Ethereum domain name service ENS has launched a new ENS app on the main network and supports NameWrapper (sub domain wrapper). Currently, th
-
#Migration of DORA-KSM Tokens to Ethereum Main Network
On April 3, the Dora Factory Kusama parallel chain lease expired on April 17, 2023 UTC time. All DORA-KSM on-chain tokens will be migrated 1:1 to the Ethereum main network. This mi
-
Gridex Token GDX Launch on D5 Exchange Leads to Significant Increase in Trading Volume and Price
According to reports, after the official launch of the Gridex token GDX on D5 Exchange on March 15, the GDX 24 hour trading volume increased by more than 90%, and the price rose by more than 193.3%, currently exceeding 0.4745. At the same time, Gridex has also successively opened GDX/USDT, GDX/USDC, GDX/GMX, and other trading pairs. Users participating in GDX/ETH transactions have the opportunity to participate in the Maker Rewards Program to carve up 54 million GDX. The Gridex Protocol is the first order book transaction protocol on the Ethereum chain. GDX launched multiple transaction pairs on D5 Exchange Analysis based on this information:Gridex, a blockchain-based protocol that allows for the creation and trading of custom financial derivatives, recently launched its native Gridex token (GDX) on the D5 Exchange on March 15. Following the launch, the 24-hour trading volume on the exchange increased by over 90%, while the GDX price surged by more than 193.3%, currently exceeding 0.4745. Apart from…
-
Survey Shows Strong Interest in Regulation of NFTs Among Investors
According to a recent survey by CoinGecko, approximately 48% of investors hope to strengthen regulation in the NFT field, with three-quarters of surveyed users indicating ownership
-
Bitcoin’s Network Status: Unconfirmed Transactions, Computing Power, and Predicted Difficulty
According to the report, BTC.com data shows that the current number of unconfirmed transactions in the whole network of Bitcoin is 461, the total network compu…
-
Hong Kong’s OKX President to Deliver Keynote Speech at 2023 Hong Kong Web3 Carnival
According to the official news, Hong Kong, president of OKX, confirmed that he would attend the main forum of “2023 Hong Kong Web3 Carnival” and deliver a keynote speech on April 12, 2023. Previously, Hong served as an investment banker at Goldman Sachs for 8 years, focusing on mergers and acquisitions, investment and other businesses of traditional financial institutions and financial technology companies. Hong, President of OKX, confirmed to attend" 2023 Hong Kong Web3 Carnival" And deliver a keynote speech Analysis based on this information:The news of Hong Kong, president of OKX, confirming his attendance at the main forum of “2023 Hong Kong Web3 Carnival” is a significant development for the rapidly growing blockchain industry. Hong’s experience in investment banking and his leadership at OKX makes him a notable addition to this event. Hong’s background in traditional financial institutions and financial technology companies gives him a unique perspective on the evolving landscape of blockchain technology. With blockchain and cryptocurrency gaining…