21:40Where do Bitkoyny come from?
Where do Bitkoyny come from?
How bitcoins are born? The new bitcomes are generated as a result of a complex process called mining.
You can also run the bitkoy, entrusting your computer to calculate complex mathematical equations - these tasks can be performed at any time of the day or night.
By starting the bitkoy, you become a significant part of the bitcoin network, not only maintaining its efficiency with the help of your equipment, but also getting new coins that will later circulate in the network.
This process has some similarities with the extraction of other resources, for example, gold. The available reserve is gradually increasing, as more and more funds are invested in the production process. In other words, mining bitkoynov is a solution to complex mathematical problems, and, in the course of time, mining begins to demand more and more investments. In order to ensure the initially provided uniformity of emission (today no more bitokoynov is released than yesterday and the day before yesterday), the process of mining is correlated with the coefficient of complexity. This coefficient grows as more and more computing capacity participates in the bitcoyne network mining, and when the number of miners falls, the coefficient decreases.
One of the most frequently asked questions on the topic: why Bitcoi's basic technology is called "Blockchain"?
Each bit-knot (a computer continuously connected to the network and running as a software bitcoin-purse, fixing and confirming transactions) in the network Bitkoyn stores a complete copy of the entire history of bit-commerce transactions from the very beginning (2009) to the present. In the future, more and more transactions will be added to the existing block system, forming a timeline for the evolution of bitcoins in the world of finance.
In addition, each new bitcomun-block is chronologically ordered, since it contains the hash of the previous block. If there is no hash, the network will not accept the block. Moreover, the previous bitcoin blocks can not be changed, because this would mean that all subsequent blocks will have to be changed. The Bitcoin editing feature is not available and will never be available. As a result of the fact that all bitco-transactions were recorded in the open registry, starting from 2009 and until the moment you read this book, the blockage has grown significantly in size. By the time you read these lines, the size of the blockbuster will already exceed 100 GB. Taking into account that more and more transactions are being broadcast in the Bitcoin network, the size of the block will have to be increased with time, and the file with the blockbuster will become even larger.
If we return to the analogy with the register log, then each new page would begin with a brief description of the previous pages, so the size of the pages would have to be increased in time. This metaphor now became very relevant for the blockbuster, which has grown enormously due to the amount of data stored.
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