The essence of Bitcoin and Q coins lies in issuing agencies. Bitcoin does not have a centralized distribution agency. Q coins are issued by Tencent. Bitcoin is based on a set of password codes and generated through complex algorithms. This rule is not decentralized by any individual or organization; anyone can download and run the Bitcoin client to participate in the manufacture of Bitcoin; Bit bits Coins use electronic signatures to achieve circulation, and check repeated consumption through P2P distributed networks. The generation and consumption of each Bitcoin will be recorded through the P2P distributed network and inform the entire network, and there is no possibility of forgery.
Bitcoin does not rely on specific currency institutions. It is generated by a large amount of calculation of specific algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. The decentralization characteristics and algorithms of P2P can ensure that the currency value cannot be manipulated by a large number of Bitcoin.
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