It is based on a set of coding system, which is produced by complicated calculation. Anyone can "make" bitcoin through related software, then circulate it through electronic signature, and finally check repeated consumption through P2P network.

The biggest difference from the traditional currency is that there is no central issuer for Bitcoin-people can participate in the manufacture of Bitcoin by running Bitcoin software, which is called "mining". Bitcoin is the first decentralized monetary system in human history, not based on trust in central issuers.

Methods/steps

1. The essence of bitcoin is a password.

2. Bitcoin investment transactions need to be completed on a special trading platform.

3. Bitcoin is generated by the so-called "mining machine" software, that is, a password is calculated to make a bitcoin.

4. As time goes by, the bitcoin that software can generate per unit time is less and less, and it will not be generated until 2 140.

5. Since the essence of Bitcoin is only a password, Bitcoin is "decentralized", that is, there is no central bank to restrict the transaction of Bitcoin, so the transaction is anonymous and free.

6. Transactions need to take place on the Internet, and transaction records will be publicly recorded on the Internet.