At 11 o'clock on December 11, Bitcoin** suddenly dived, and in just 15 minutes, it once exceeded $2,000 and was tentatively quoted at $42,003. Other virtual currencies also fell across the board.
For the virtual currency market, which has been rising in recent days, this flash decline came a little unexpectedly.
Bitcoin Horror Diving.
Since 11 p.m., Bitcoin** has fallen rapidly, falling below the two integer markers of $44,000 and $43,000 in succession. In the past 20 minutes, Bitcoin** has once again fallen by a huge amount, reaching an intraday low of $40,413.
According to statistics, as of 11 o'clock on December 11, the number of liquidations on the whole network in 24 hours once exceeded 110,000, and the total amount of liquidations was as high as 38.6 billion US dollars (about 27 yuan.)700 million yuan).
Due to the sharp fall of Bitcoin, the virtual currency market has suffered a bloodbath, and many mainstream virtual currencies have fallen sharply. As of 11:30, Ethereum and Litecoin both fell more than 4%, Ripple fell more than 6%, and Bitcoin Cash fell more than 8%.
Many people are keen to play virtual currency, and Bitcoin is just one of them, so do you know why virtual currency is so popular?In this issue, Guo Chenggong will share with you the mysteries of this.
Virtual currency is issued based on blockchain technology, and with the development of blockchain, the market popularity of blockchain currency is also rising. For example, the ** of Bitcoin has reached an all-time high, and the ** of other blockchain currencies such as Ethereum is also continuing.
The rise in market popularity also shows that people's attention and trust in blockchain currencies are increasing. The reason why blockchain currency is so popular is due to the following reasons:
1. Decentralization
The core feature of blockchain technology is decentralization, which makes blockchain currencies highly secure and transparent. In the traditional monetary system, trust is the biggest problem, and blockchain technology solves this problem in a decentralized way.
In the blockchain monetary system, all transactions can be recorded on the blockchain, and these records are open and transparent and cannot be tampered with, which makes people more trusting of these transactions.
2. Anonymity
Another important feature of blockchain currencies is anonymity, which allows users to protect their privacy. In the traditional monetary system, the user's identity information is often leaked, while the blockchain currency can protect the user's privacy.
This anonymity also makes blockchain currency widely used in black market transactions, ** purchases and other fields.
3. Finiteness
The number of blockchain currencies is limited, and this finite nature makes blockchain currencies have a high collection value.
In the traditional monetary system, the central bank can issue money at will, which often leads to problems such as inflation, while the number of blockchain currencies is limited, so these problems can be avoided. The finite nature also makes blockchain currency an investment product, attracting the attention of a large number of investors.
Fourth, cross-domain applications
The application of blockchain currency is not limited to the field of digital currency, but is expanding to more fields.
For example, blockchain technology has been applied to the Internet of Things, smart contracts, chain management and other fields. In these areas, blockchain technology can solve many problems that traditional technologies cannot solve. Such as trust issues, security issues, etc. These applications also provide a broad space for the future development of blockchain currencies.
In the future, with the continuous development of blockchain technology and the continuous expansion of application fields, blockchain currency will become a more important payment method and investment product, and will also bring more convenience and value to people's lives.