What is Bitcoin?

Hunt Cloud December 5 Report

Bitcoin market bullish, has soared to nearly 7000 pieces of one, the associated is the social phenomenon of bit-currency fever. Jewellery Dealer Dione announced that the company formally accepted bitcoin payments. Dione also became the first company in China to accept bitcoin payments.

What is Bitcoin?

The concept of virtual currency-Bitcoin was first proposed by Ben Cong in 2009. Bitcoin is also used to call Bitcoin, to design Open-source software and to build Peer-to-peer networks based on Ben Cong's ideas.

Bitcoin can be cashed and exchanged for most countries ' currencies (though only a handful of countries recognize the legitimacy of Bitcoin). Users can buy some virtual items with Bitcoin, such as clothing, hats, equipment, etc. in online games, and can use Bitcoin to purchase real-life items, as long as they are accepted. The biggest difference between Bitcoin and other virtual currencies is that the total quantity is very limited and has a very strong scarcity. The monetary system promises no more than 10.5 million in 4 years, and the total number will be permanently limited to 21 million.

The latest bitcoin is worth as much as nearly 7000 yuan.

Dione in charge to hunt Cloud Network said, as long as customers in the Dione line shop to buy jewelry gold, etc., can use bitcoin payment. Dione also became the first company in China to accept bitcoin payments.