Titanium The titanium coin is a currency that realizes the concept of "secret money". In 1998, Wei Dai first elaborated the concept of "hidden currency" in the Cypherpunks mailing list: A new form of currency that controls the issuance and trading of money, rather than relying on a central regulatory body, using cryptography. The 2013 Lucian (British EDC Internet company technician) discovered the Titanic in the process of developing the spirit-forming game based on the concept of Bitcoin block chains, and described the astonishing discovery in the EDC internal Journal. However, because of his weak technical application, the development of titanium coins was stalled. In 2015, Titanium the enthusiasts of the chunk chain found the Titanic again, and felt it was similar to bitcoin, but more commercially valuable. So they use collective collection, the concept of titanium coin amplification, so that more people understand the existence of the titanium coin. Then the British Elves Valley Ore Co., Ltd. focused on the development of titanium coins, Titanium collecting and promoting business. At the end of 2015, the titanium coins were introduced into Asia by Europe. Since then, many developers committed to the Titanium coin project, the titanium coin community quickly grow up. For the development of titanium coins, twists, but still in the end let us find this cluster of commercial, security, science and technology in one currency.
No one owns a titanium-coin network, just as nobody has the technology behind e-mail. Titanium gram coins are controlled by all the titanium users around the world. Developers can improve software, but they cannot force the rules to be changed by the Titanium coin protocol because all users are free to choose the software they want to use. To maintain compatibility with each other, all users also need to choose software that follows the same rules. Only if all the users agree on a full agreement can the titanium coin work properly. As a result, all users and developers are motivated to accept and protect this consensus.
From the user's point of view, the titanium coin is a mobile phone application or computer program, can provide a personal titanium coin wallet, users can use it to pay and receive titanium grams. This is how the titanium coin works for most users. Behind the scenes, the entire titanium coin network shares a common general Ledger called a "block chain." This general ledger contains every transaction processed, allowing the user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by an electronic signature corresponding to the sending address, which allows the user to fully control the titanium coins transferred from their own titanium address. Titanium In addition, anyone can use the computing power of the specialized hardware to deal with the transaction and obtain a titanium gram reward. This service is often called "digging." Titanium You can refer to the dedicated page and the original paper for more information about the titanium coins.
As a means of payment for goods or services. Buy titanium coins on a titanium coin exchange. Exchange the titanium coins with someone near you. Earn titanium coins through competitive mining. While some may be willing to buy their own titanium coins in the form of a credit card or PayPal payment, Titanium most trading platforms do not accept funds from these payment methods. This is to prevent someone from buying a titanium coin with PayPal and then withdrawing it halfway through the transaction. This is often referred to as a retreat.
Much of the trust in the titanium coin comes from the fact that it does not require any trust at all. The titanium coin is completely open source and to be centralized, Titanium which means that anyone can view the entire source code at any time. So any developer in the world can accurately verify the workings of the titanium coin. Anyone can look at the existing titanium coin transactions and the issued titanium coins in real time and at a glance. All payments are not dependent on third parties, and the entire system is protected by a large number of expert-reviewed cryptographic algorithms, such as those used for online banking. No organization or individual can control the titanium coin, Titanium and even if not all users are trustworthy, the Titanium coin network is still safe.