What does “比特糖果什么意思（比特是什么意思啊）” mean?

08/17/2023 05:38 • Metaverse & Beyond • 68 views

According to the official announcement from “Tianyancha”, China’s first internet advertising platform, on June 29, 2018, they released a risk warning called “Preventing Illegal Fundraising in the Name of Virtual Currency”. It mentioned that by using blockchain technology, it is possible to achieve transaction transparency while ensuring anonymity. “Tianyancha” is a registered list released by the National Internet Information Office, Tencent, and other departments, and it promotes the use of blockchain for business information verification. To prevent criminals from using the concept of Bitcoin for fraud, it is recommended that major media outlets not easily believe these slogans.

What does “比特” mean?

Editor’s note: This article is from Chengpishu (ID:chengpishu), written by Chen Hua, and authorized for reprint by Odaily Star Planet Daily.

“比特币” is a term in computer language, and its Chinese meaning is “bit”. In other words, to achieve functionality, a machine needs to use a special technical method. The concept of “mining” is considered a valuable application by many people. They understand what “比特” means after understanding blockchain technology, and they propose “比特” to explain “distributed storage, peer-to-peer transmission, consensus mechanism”. For example, today we mentioned that “block size is a large number unit in which each node can randomly choose the algorithmic quantity it wants to use according to its preference. If a certain computational power is high enough and meets the requirements, a decimal point will be generated. This allows the entire network to achieve infinite capacity.

However, for most people, not all transactions are based on a single hash value. This leads to a problem: does this happen when you transfer all your bitcoins to someone else’s wallet? Or, to take it further, Bitcoin does not use proof of work, and its computation results will not exist publicly and transparently on any server. (Note: Currently, Bitcoin has a delay of more than 10kTPS.)

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