Bitcoin and Web Gold

1. Does anyone know what Bitcoin, Litecoin and Network Gold are

The 1st generation encryption is
Bitcoin, the 2nd generation encryption is
Litecoin, None of them can be used in the commercial field. The third generation is network gold, which can be decentralized, open source code, limited in total, exclusive ownership, real-time transactions, etc., and its value increases every day. This is the biggest feature.

2. What is the difference between gold and Bitcoin

Gold is a general equivalent, hard currency, all currencies are based on gold, so in addition to issuing currency, each country must also pay attention to gold reserves. Inflation means that when there is too much money, it is not worth much, and the reference for comparison is also gold. It can be understood that gold is no longer a matter of value preservation, but gold is simply a general reference for value.

The concept of Bitcoin (BitCoin) was originally proposed by Satoshi Nakamoto in 2009. According to the ideas of Satoshi Nakamoto, the open source software and the P2P network built on it were designed and released. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system. Unlike most currencies, Bitcoin is not issued by a specific currency institution. It is generated through a large number of calculations according to a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. And use the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that the value of the currency cannot be artificially manipulated by mass-producing Bitcoin. The cryptography-based design allows Bitcoin to be transferred or paid only by the true owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and it has a strong scarcity. The currency system used to have no more than 10.5 million for 4 years, after which the total number will be permanently capped at 21 million.
From the perspective of the two concepts, the main difference between them is: gold is a physical object and a general equivalent; while Bitcoin is a virtual currency, which is easily manipulated, and its value has a certain amount of speculation.

3. Is the egd network gold coin different from bitcoin?

There is a difference, EDG is not only a digital currency, but also a network points system, the main application is merchant points. It is a kind of altcoin, and the transmission mode is similar to MLM. Small audience and low awareness. There is a main body of issuance operation. The code is borrowed from Bitcoin, there is not much innovation, it is just a concept, and it will take time to test whether it can be successful.

Bitcoin is a consensus network that enables an entirely new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network controlled by its users without a central authority or intermediary. From a user’s perspective, Bitcoin is a lot like the cash of the internet. Bitcoin can also be seen as the most prominent three-entry bookkeeping system out there.

Bitcoin has value because it is useful as a form of money. Bitcoin has the mathematical properties of money (durability, portability, fungibility, scarcity, divisibility and legibility) rather than relying on physical properties (like gold and silver) or trust in a central authority ( such as legal tender). In short, Bitcoin is backed by mathematics. With these properties, all it takes for a form of currency to have value is trust and use. For Bitcoin, this can be seen in its growing base of users, merchants and startups. Like all currencies, Bitcoin’s value comes directly from, and is the only source of, people willing to accept it as a form of payment.

For more knowledge about Bitcoin, you can go to the Bitcoin Home website.

4. Is bitcoin really the same as gold? Is it good to invest?

Bitcoin is a virtual currency on the Internet because the transaction risk is too high, and it is easily controlled by the dealer. . It has no daily limit or limit and is open for trading 24 hours a day. May go to heaven – the sky rises several times, may go to hell – fall in half in one day. In comparison, gold is better. Not one or two institutions can control.

The following is the information of the network:

Bitcoin [1] (Bitcoin) is an electronic currency generated by open source P2P software, digital currency, is a network Virtual currency. Bitcoin is also paraphrased as “bit gold”.

What is Bitcoin?

In a nutshell, Bitcoin is based on a set of cryptographic codes and is generated through complex algorithms. This rule is not interfered by any individual or organization, and it is decentralized; anyone can download and run Bitcoin clients Participate in the manufacture of bitcoins; bitcoins use electronic signatures to achieve circulation, and verify repeated consumption through the P2P distributed network. Every piece of Bitcoin is generated and consumed through P2PThe distributed network records and informs the whole network, there is no possibility of forgery.

Bitcoin is not issued by a specific monetary institution. It is generated by a large amount of calculation of a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. The decentralized nature of P2P and the algorithm itself can ensure that the value of the currency cannot be artificially manipulated by mass-producing Bitcoin.

5. What is the relationship between gold and bitcoin

There is no direct connection between gold and bitcoin.
1. Neither is money:
Money is a currency in circulation that is widely accepted as a medium of exchange, and the classification of gold as money largely dates back to the early days of capitalism, when gold could be used for to exchange for anything, but it didn’t work much, gold was often in short supply, and as a tradable instrument and asset currency, it could be exchanged for a certain amount of dollars.
Bitcoin has now become a means of payment online and offline. Many countries have also accepted this method, but it has not been accepted by the world.
2. Both are not irreplaceable: Gold was used a long time ago, but it was rarely discovered and created as a substitute for gold, Bitcoin has many substitutes, who knows there will be later What other encrypted digital currencies and technologies are disrupting the current market?
3. Gold is a commodity, Bitcoin is not
Gold is a basic commodity or hard asset that can be used in commerce and can be used as a material for the production of other commodities. One can also utilize gold for physical delivery, which can then be made into some other form for use. While Bitcoin is storable, it is not physical and cannot be held, felt or transferred.
4. Are both Bitcoin and gold safe-haven?
Bitcoin and gold are rare, their prices can be volatile, and each serves as an alternative investment for those who lack confidence in fiat money and monetary policy. Bitcoin trading is not as easy as gold, because one has to buy bitcoin through an online trading platform, or invest in an over-the-counter bitcoin trust.

6. What is the relationship between gold and bitcoin

There is no direct connection between gold and bitcoin.

Neither is money: money is currency in circulation that is widely accepted as a medium of exchange, and gold’s classification as money largely dates back to the early days of capitalism, when gold could be exchanged for any Items, as tradable instruments and asset currencies, can be exchanged for a certain amount of dollars.

Bitcoin has now become a means of payment online and offline. Many countries have also accepted this method, but it has not been accepted by the world.

(6) Bitcoin and network gold extended reading:

Unlike all currencies, Bitcoin is not issued by a specific monetary institution, it is issued according to a specific Algorithms are generated through a large number of calculations. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptographic design to ensure the security of all aspects of currency circulation.

P2P’s decentralized nature and algorithm itself can ensure that the currency value cannot be artificially manipulated by mass-producing bitcoins. The cryptography-based design allows Bitcoin to be transferred or paid only by the true owner.

This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and it has a strong scarcity.

7. The connection between Bitcoin and Internet Gold

Bitcoin and Internet Gold do not have any inherent relationship. If anything, they all exist on the Internet.

Bitcoin is a consensus network that enables an entirely new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network controlled by its users without a central authority or intermediary. From a user’s perspective, Bitcoin is a lot like the cash of the internet. Bitcoin can also be seen as the most prominent three-entry bookkeeping system out there.

Network Gold claims to be an application-based business credit, but in fact it does not have any physical support. The mainstream Bitcoin media in the currency circle, Bitcoin Home, once exposed it as a pyramid scheme.

8. Are Egd Network Gold and Bitcoin Interchangeable

Interchangeable
Big news: Bitcoin can be directly recharged to EGD-Super! Looking forward to the stars and the moon! Finally, I am looking forward to the big brother of the industry – Bitcoin, Bitcoin can be directly recharged to the account to subscribe for global exchange coupons! The trading platform can also withdraw bitcoin directly to the bitcoin account wallet! For EGD-Super, this is definitely a big deal! We communicate with Bitcoin and have a profound impact.��, that person understands to explain it to everyone! The first point: the interoperability of Bitcoin expands the market to the people who hold Bitcoin and increases the market width. The second point: the interoperability of Bitcoin has consolidated the stable pillar of the EGD-Super project. The third point: the interoperability of Bitcoin enhances the purchasing power and market confidence of investors and merchants in the project. The fourth point: the interoperability of Bitcoin is two-sided, which increases the circulation of Bitcoin. It has a milestone role in promoting the digital currency and digital asset industry, and also makes an extremely important contribution to the industry that our investors are engaged in. Fifth point: For consumers, cash withdrawal is undoubtedly a very important issue. For EGD-Super, UnionPay, MasterCard, VISA, Bitcoin, and several channels are very smooth. Point 6: Promote the EGD-Super points business project to grow more rapidly

9. Can bitcoin and network gold egd be traded with each other?

Gold has fallen again and again in the past week , the price is already more than ten yuan lower than when aunt robbed gold in 2013
The market was suspended on the weekend. On November 7, 2014, the trading price was about 231 yuan, and the gold jewelry was about 265 yuan. The investment in gold was 235 yuan, and the recovery was 215 yuan. If you need to inquire about the detailed brand price, you can ask for verification;
Beware of similar “Xingbang” cases and illegal fundraising advertisements of Jinjinjia
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