The following Chinese passage is about bitcoins. Bitcoins are a digital currency. As you might expect, the writing below has a lot of technical terms relating to the internet and technology in general. As this website does not have a “technology” section yet we will add it to the business one. If we add more technical articles then we will change it. Let’s look at some of the key words.

Key Words

比特币 – Bitcoins. 比特 being a computer bit and 币 meaning coins or currency. Another example of 币 could be 外币 meaning “foreign currency”.

网络 – Internet. The character 网 has a lot of useful uses for example 网吧 being an internet cafe.

虚拟 – (Mouseover the characters to see the translation, as there are lots of them). 虚拟 has many uses but probably it’s most common one is 虚拟世界 which means “virtual reality”.

密码学 – Cryptographer.

What are bitcoins?

(Hover over the Chinese for pinyin)

比特币™(BitCoin)是一种P2P形式的虚拟货币。点对点的传输意味着一个去中心化的支付系统。比特币不依靠特定货币机构发行,它通过特定算法的大量计算产生,比特币经济使用整个P2P网络中众多节点构成的分布式数据库来确认并记录所有的交易行为。P2P的去中心化特性与算法本身可以确保无法通过大量制造比特币来人为操控币值。基于密码学的设计可以使比特币只能被真实的拥有者转移或支付。这同样确保了货币所有权与流通交易的匿名性。

比特币是一种网络虚拟货币,跟腾讯公司的Q币类似,你可以使用比特币购买一些虚拟的物品,比如网络游戏当中的衣服、帽子、装备等,只要有人接受,你也可以使用比特币购买现实生活当中的物品。

比特币与其他虚拟货币最大的不同,是其总数量是非常有限的,具有极强的稀缺性。该货币系统在前4年内只有不超过1050万个,之后的总数量将被永久限制在2100万个之内。还有一点是,你可以用电脑生产比特币。

Any questions?

Comment below if you have any questions about this passage. Thanks for reading and learning!