《Bitcoin Trivia, How Much Do You Know?》

1. The Birth of Bitcoin

Bitcoin was proposed by Satoshi Nakamoto in 2008 and officially came into existence in 2009. It is a decentralized digital currency based on blockchain technology, aimed at breaking free from the constraints of traditional financial systems to enable direct peer-to-peer transactions.

2. Characteristics of Bitcoin

1. Decentralization: There are no central banks or managing institutions; transactions are validated collaboratively through network nodes and are not controlled by any single entity.

2. Anonymity: Although transaction records are publicly available on the blockchain, the identity information of participants is relatively concealed.

3. Limited Supply: The total supply is fixed at 21 million coins, becoming increasingly scarce as mining progresses.

3. Ways to Obtain Bitcoin

It is mainly obtained through “mining,” which involves using computer processing power to solve complex mathematical problems, earning Bitcoin rewards upon success. However, mining has become extremely difficult, and it is also possible to purchase it on legal and compliant trading platforms.

4. Investment Risks

1. High Price Volatility: Prices can skyrocket or plummet within a single day, posing significant risks.

2. Regulatory Uncertainty: Different countries have varying regulatory policies towards Bitcoin, which may affect its development and investment value.

Understanding these Bitcoin facts can help us view it more rationally.