If he remembers correctly, when Bitcoin is valued by the market, all kinds of cryptocurrencies sprung the world like mushrooms after a rain. However, the only thing people in the world often remember is Bitcoin. Including its price and company market value, it is also far behind the second and third place...

After listening to Ma Wei's words, the IT elites present nodded convincingly. They originally thought that they were already very powerful in the field of computers and had almost no questions they didn't understand.

However, today, someone taught a lesson well. This was considered to be convinced and had no temper.

...

After the interview, Mawei directly asked his assistant to arrange a press conference. He then formally proposed the so-called "virtual currency concept" to the media around the world. He then announced that MaV Group will soon invest in the world's first crypto-type virtual currency, called "Bitcoin".

Of course, Ma Wei himself showed his face at the press conference. But industry insiders know that any novel and conceptual creativity is often created by Ma Wei, chairman of Ma V Group.

No matter who comes to publish it, it's just a formality. The big boss behind the scenes has always been controlling the entire industry...

Once the news of "Bitcoin" was released, it immediately made computer enthusiasts and computer practitioners around the world feel their eyes lit up! Even shocking!

"Cryptocurrency is mined through computer mining? This idea is very creative! It's interesting."

"Damn, this idea is really amazing. Cryptocurrencies have many advantages over printing paper money! One can save the cost of printing paper, data review, anti-counterfeiting, escort circulation, vault storage and other costs. The second is completely decentralized, without issuing agencies, the number of issuance cannot be controlled..."

"Cryptocurrencies without borders are even more cheating than the euro. I just don't know if they will be recognized by the time. I guess many financial groups will wait and see if they are determined, and they will enter the market unless they have determined their stability and reliability."

...

The concept proposed by Mawei alone aroused the strong interest of financial scholars and computer experts around the world. Everyone was waiting for him to dig out the first Bitcoin and then see the market reaction.

Based on some experience in his previous life, Ma Wei easily formulated the Bitcoin encryption code. It is the same as the serial number in the lower left corner of the RMB. Whoever owns this serial number will have the right to use the cryptocurrency. It is identifiable and cannot be copied.

A month and a half later, with the efforts of the Mawei team, they completed the Bitcoin cryptographic calculation formula. To achieve the conditions that meet, the necessary one is computer power. This is directly linked to electricity, which means that if others want to mine and mine Bitcoin, they must pay a certain amount of electricity bill. There is no way to obtain it without any effort.

To put it bluntly, Bitcoin is a public accounting system that verifies each other, and the essence of mining is to compete for accounting rights. Judging from the work content, the so-called "mining" is to collect, inspect and confirm transaction information that has occurred in the past period of time and has not yet been recognized by the Internet.

Finally, the package encryption becomes a transaction record information block that cannot be tampered with, thus becoming a recognized completed transaction record on the Bitcoin network and is permanently saved.

"Chairman Mawei, the calculation and verification formula of Bitcoin have been written into the system. Now we connect it to the computer used for experiments, and it is estimated that the first Bitcoin can be mined in about 10 minutes." The HP VP engineer who was recruited at the time led the team to complete the task given by Mawei.

"Okay, then we'll wait and see." Ma Wei and his team stood in front of the computer, waiting for the mining data to be generated. This was also a brand new experience for him. I remember that in his previous life, many people mistakenly underestimated the value of Bitcoin, resulting in the loss of the opportunity to become a billionaire in the end.

For example, there was an IT engineer who stored the 10,000 Bitcoins he had bought to play with in his old hard drive. However, three years later, he forgot about this. When he was tidying up his room, he threw the scrap into the trash can.

Then a year later, the price of Bitcoin began to soar. At this time, the engineer remembered his 10,000 Bitcoins. If he had to sell it for $3,000, it would have been 30 million!

"Start the program." With Ma Wei's order, the Bitcoin R&D team around him began a series of operations.

12 minutes later, an encrypted cdk with a computer's unique serial number appeared in their system. The computer group used for experiments also had an encrypted sequence code, which represents the success of mining.

"Chairman Mawei, everything is going well. Next, there are only more and more computers to reach mutual authentication relationships with our system. Then our Bitcoin virtual currency system can be considered to be a preliminary achievement!" said the VP engineer from HP, calmly and capable.

"Okay, then hold a press conference immediately and tell the media of various countries about this." Ma Wei made a quick decision and ordered. Now that he is ready, it depends on how the miners around the world treat it.

"I understand, Chairman Ma Wei, I'll send someone to contact me now!"

In the afternoon of the same day, Mawei Group held another press conference, announcing that they had dug out the first bitcoin to prove that the data module and the computing system were completely free. Computer groups from all over the world came to verify and connect, and dug out their first pot of gold...

As soon as this news came out, many computer enthusiasts who had been paying attention to Bitcoin all tried it and logged into the official website of Mawei Group and then tried to mine there.

According to the data system rules, an average of one bitcoin will appear every 10 minutes. The ownership of this bitcoin is obtained by the computer that ranks first in the world in data.

In other words, there are only 6 coins in an hour, and only 144 Bitcoins are produced a day, which is extremely rare.

"This Bitcoin is too difficult to mine. It's been more than an hour since I've been connected, but I haven't dug a single one."

"Who is there a great master in the forum who found Bitcoin? How is this thing calculated? There will be no dark side, right?"

Due to many people's lack of understanding of new things, the virtual currency Mawei created was similar to the initial situation in his previous life, and was criticized and questioned.
Chapter completed!