DWQA QuestionsCategory: BlockchainHow is bitcoin generated (issued)?
Best dishes in the station asked 8 months ago

Access to relevant information, some sayBitcoin is produced by mining, and mining is to calculate and verify transactions in bitcoin. Mining is equivalent to commissionSo where did the first bitcoin come from?Where’s the deal without bitcoin?Where’s the mining without a deal?,First, the total circulation is limited to 21 million, which was determined at the beginning of Nakamoto’s release of this algorithm.Secondly, the output speed is fixed, one block every 10 minutes, which is probably broadcast once in the whole network, and then it’s time to spell out the power.Then the reward for each block is also fixed, initially 50 for each block, and then the half-life is four years.Finally, the so-called “initial bitcoin” you mentioned is actually the “creation block”. The block dug by Nakamoto Cong is hard coded in the code, so there is no transaction record (but these 50 pieces can’t be spent).,In my understanding, the generation of bitcoin needs to be generated through the calculation result of a specific algorithm. For example, the 100000 bit data of π needs to be calculated to generate a bitcoin. The computer can obtain a bitcoin after calculating the 100000 bit result of π through the algorithm

2 Answers
Then go hiking answered 8 months ago

First, the total circulation is limited to 21 million, which was determined at the beginning of Nakamoto’s release of this algorithm.Secondly, the output speed is fixed, one block every 10 minutes, which is probably broadcast once in the whole network, and then it’s time to spell out the power.Then the reward for each block is also fixed, initially 50 for each block, and then the half-life is four years.Finally, the so-called “initial bitcoin” you mentioned is actually the “creation block”. The block dug by Nakamoto Cong is hard coded in the code, so there is no transaction record (but these 50 pieces can’t be spent).

Why don't you go to jiuxiao answered 8 months ago

In my understanding, the generation of bitcoin needs to be generated through the calculation result of a specific algorithm. For example, the 100000 bit data of π needs to be calculated to generate a bitcoin. The computer can obtain a bitcoin after calculating the 100000 bit result of π through the algorithm