"Blockchain" Bitcoin and blockchain development history

1. Exchange of material to Bitcoin
Money begins with physical currency, shells, gold and silver, which are scarce and used to act as Suphung. Later we began to pay with paper money, the production cost of banknotes may be only a few dollars, but can be exchanged for goods worth 100 yuan, this is because there is a national credit endorsement, let people believe that the worthless banknotes can change 100 yuan of goods. With the development of the Internet, we are from paper money to the accounting currency, such as pay only in the bank card account to do the addition of numbers, buy clothes just do subtraction, the whole process is the bank in the accounting, and only the bank has the right to account. In the 2008 financial crisis, the United States government because of the right to account can be unlimited issuance of money, Nakamoto feel so very unreliable, so he wanted to create a new type of accounting system, everyone has the right to account, the currency will not be super-fat, the whole ledger is completely open and transparent, very fair, this is the cause and motive of bitcoin production.
2. What is bitcoin
Bitcoin concept is proposed by the Nakamoto, is a point-to-point, de-neuter digital assets, 2009 years in the first block, and won 50 Bitcoin mining incentives, mining awards halved every four years, according to this calculation, Bitcoin is expected to be released in 2140, the total amount of 21 million pieces, With the development of bitcoin, Bitcoin is gradually recognized, Germany is the world's first to accept bitcoin payment countries, Microsoft, Dell and other well-known enterprises have accepted Bitcoin payment. For example, you can use a direct
Bitcoin buys alien computers produced in the United States, and investors can invest bitcoins in trading platforms such as the fire currency network to make a profit.
3. The birth of the Bitcoin white Paper
The 2008 financial crisis in the United States, at this historic moment, a self-proclaimed Nakamoto on the internet published a "Bitcoin: a point-to-point electronic cash system," the paper describes a new electronic cash system, Bitcoin, bitcoin system is a centralized electronic cash system, It solves the problem of the distribution and circulation of a constant amount of digital assets in the absence of a central organization, transfers through the bitcoin system, information is transparent, can be assured that the transfer of Bitcoin to the other side of the Earth, each transfer information will be the entire network record, the advent of the White paper, but also marked the emergence of Bitcoin's underlying technology blockchain.