比特币英文介绍

1)What is bitcoin?(组长接工)

1)Brief introduction

Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source, peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.

2)How to get bitcoins?

•The most common way to buy bitcoins are the Bitcoin Exchanges . •Accept bitcoins as payment for goods or services.

•There are several services where you can trade them for traditional currency.

•Find someone to trade cash for bitcoins in-person through a local directory.

•Participate in a mining pool.

3) The differences between bitcoin and traditional electronic currency

1、Bitcoin is decentralized, the traditional electronic money has a service center. The money supply is controlled by a decentralized software system, releasing new currency into the supply every 10 minutes, until a maximum of 21 million bitcoins is reached. The money supply cannot be

inflated or deflated artificially in times of plenty or crisis. This is in contrast with other currencies, whose supply is controlled by humans who may be mistaken, misguided, malfeasant or under duress.

2、Bitcoin stock is limited, cannot casually increase issue, while traditional electronic currency can be unlimited.

3、Bitcoin code is open source, but the traditional electronic money are closed. Bitcoin's software source code is publicly available for review, testing and auditing at all times. Bitcoin's transaction ledger, by design, must be public, to guard against double-spending and to ensure system financial integrity.

4、Bitcoin's value is derived from the users increased gradually, but the traditional electronic currency depend on fiat endorsement.

2)Advance of bitcoin（周佳文接工）

1)Brief introduction

Bitcoin is the world's first global, decentralized, digital currency—it is not controlled by any one party, who might be misguided or influenced. For the first time, you may send value (money) between any two parties, anywhere in the world, without a third-party intermediary.

◆Bitcoins are sent easily through the Internet, without needing to trust any third party.

◆Transactions are irreversible by design they are also cost very little,

especially compared to other payment networks.

◆With allegedly strict rules on the creation of Bitcoins, the money supply is limited. Theoretically, no government can water down the Bitcoin with any type of quantitative easing. As a result, Bitcoins seem to present the best of all possible worlds -- the convenience of modern digital payment technology and the stability of a fixed money supply.

2)Bitcoin’s appliacations

1)Brief introduction

Bitcoin has garnered comments and attention from economists and journalists, as well as investors and speculators. Others who mistrust their national currency have seen Bitcoin as a safe haven from inflation and a way to circumvent capital controls. The Bitcoin market currently suffers from volatility, limiting bitcoin utility to act as a currency. This has not prevented their being used as a medium of exchange. Bitcoin is used as a currency, with about 1,000 brick and mortar businesses willing to accept payment in bitcoins as of November 2013 and more than 35,000 merchants online.

2)Established case