It will be one of the greatest points of human history.
At the age of 12, a friend made a small investment and came to the position of 18-year-old millionaire. But do not embellish your appetite by saying that there are more like you. I have prepared this article so that you do not skip fishing immediately. I can get away with some technique in some places. But I think this is normal. After all, I'm talking about a technological one. Please patience read until the end. Do not hesitate to ask by commenting on places you do not understand. But before you know it then act accordingly.
Bitcoin is a cripto money and dispensing system. In 2008, this system was announced to the world through a 9 page PDF file. This article, which is one of the most important documents of human history, is not yet known exactly who wrote it. In generalization it is said that the code name is Satoshi Nakamoto.
In the beginning;
BITCOIN: A PEER-TO-PEER ELECTRONIC CASH SYSTEM. In other words, Peer-To-Perr is the P2P abbreviation, which means removing the intermediaries from the center, preventing centralization. The banks are connected to the central bank but there is no such system. It appeared as open source software. In fact, you can download the code of those software at the moment, and even if you want to do even better. As a matter of fact, there are 1300 different currencies like Bitcoin (BTC). The numbers of these are increasing day by day. Every transaction made with BitCode notes a digital notebook. For example, Alper Ece notes that it sent 1 BTC. In other words, the sender's account number is the account number of the recipient and the quantity sent is noted in the digital book and instantly updated as the whole world can see.
To begin such a transaction you will first need a wallet or account. The security of this account is provided by cryptography, ie encryption. Every wallet has 2 keys. If the private key is the other one is the public key. You only know the private key. Personal like signature. But unimaginable cinsten. Alper Ece 1 When BTC wants to send it, he first signs it with a key known to him and then sends it to the bitcoin network with the public key. The network uses this public key to control the authenticity of the information. The identity check is being done this way. You can not spend the amount in your hand by making coinage in the BTC system and then transfer it. Because this system records all the transactions you have made since your first registration and calculated the amount in your possession. Things are a little complicated in this system. It's going to be very long coded. Therefore, these complicated operations need to be put in one level. This system is called HASH FUNCTION.
What does the hash function mean? In the most general sense, it's an algorithm that speeds things up. Taking mixed data of different lengths and translating them into fixed length data. In fact, hash functions are used in many places today. For example, it is used to know if there is a similarity in the DNA sequences of the human body. A hash function is an example of the fact that when music is played, the music is found using the shade application. But BTC is also the most secure and fastest, using SHA-256. Using this algorithm to solve a problem, computers with a strong hardware must run for about 10 minutes. 10 minutes may not seem like a long time, but if we think that billions of similar problems should be solved, we might think that this process is not easy and fast. That's why the computer with tens of thousands of hardware in the world is always trying to solve this encryption. Even according to a rivayete, the biggest CPU power on earth is working behind the BTC nin. All these operations are called BITCOİN MINING. Why do thousands of people take computers at super speeds of thousands of dollars and pay for an electric bill on one of those jobs? Why does it have such a service? As a public service? Of course no. There is a prize mechanism in the BTC system. If you help solve these problems and keep records secure in the BTC system, new BTCs are being created. And these generated BTCs are transferred to your account. It's like finding new gold in a gold mine. But here we come to a very important distinction here.
ATTENTION !!!
Why is gold so valuable? It's not because you are rare in the world. Or what is the value of a piece of stone in essence. No inedible drink. It is the element that breaks down on him. We say few, but we do not know how it is and how it will be. It's still going underground, and it's edicekte. It's just guessed. If you look at it, it is on the money. Continue to be pressed continuously. There is a limit in BTC mining, different from gold and money. So it is very clear and limited how much BTC will be produced. 21 million units. In the world there will not be more than 21 million units in total. A question comes to mind as to how well it is produced at present. There are currently circulating BTC around 16 minyons, and the production of new BTCs is becoming more difficult every day. The system is designed in that way. According to functions, the latest BTC will be produced around the year 2140. It is such a limited number and very difficult to obtain because it is considered valuable and more valuable at the same time. For this reason, BTC is called digital gold, digital money. But I find it more appropriate to call them Digital Value Storage (DDD). If you ask me if we should invest immediately, without waiting for the end of this valuable article, I will add another D per three D's. Bitcoin Experimental Digital Value Storage (DDDD). If you bought 1000 Bt BTC last month, you would have 3000 Bt BTC. Well, who did what they did, the price has risen by so much. This is not known. Bitcoin is an EXPERIMENTAL DIGITAL VALUE DEPOSIUM.
But finally, I say ta. I think that a crypto money with the knowledge that it will not be produced when it comes to such a limit of such a certain limit beforehand will increase the value even more in the future.
In this writing, I have been able to tell you about BTC as much as I can. I would like to tell you more details in our other writings about you.
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