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clark st wholesale jewelry Let's understand Bitcoin first. The concept of Bitcoin was initially proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the open source software and constructing the P2P network based on Satoshi Nakamoto's thinking. Bitcoin is a virtual encrypted digital currency in P2P form. Point -to -point transmission means a decentralized payment system.
In 2009, when Bitcoin was born, the block reward was 50 Bitcoin. 10 minutes after birth, the first batch of 50 bitcoin was generated, and the total currency at this time was 50. Bitcoin then increased at a rate of 50 minutes every 10 minutes. When the total amount reaches 10.5 million (50%of 21 million), the block reward is halved by half. When the total amount reached 15.75 million (new output of 5.25 million, that is, 50%of 1050%), the block reward was reduced by half to 12.5. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to about 21 million.
has a total of 21 million fixed amounts.