Is plus and bitcoin the same thing
1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin
However, some digital currencies have independent issuers The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 milliondigital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold
today's digital currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency
illegal digital currency
in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life
not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence
therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing
blockchain technology is a new technology derived from the development of bitcoin economy, blockchain technology can effectively serve the bitcoin economy , they are interrelated. Bitcoin is a kind of virtual currency, which only circulates in a specific network economic environment, blockchain technology can not only be applied to the economy, but also can be used in all walks of life , which is their difference
Blockchain technologybecause blockchain technology is still a new proct at present, it has no accurate or definite definition and concept. In short, blockchain technology is a mode of data encryption management, which can protect data to a great extent. Blockchain technology is characterized by decentralization, openness, independence, security and anonymity. Its characteristics well adapt to the requirements of information protection and information disclosure in all walks of life. On the one hand, it ensures the security of data and avoids the interference of subjective emotions and system failures. On the other hand, data indivials can decide whether to hide their detailed information in the group to the greatest extent, so as to achieve the purpose of privacy protection
At the same time, there is no doubt that the blockchain technology is still in the state of preliminary development. The social understanding of it is not deep enough, and scholars are still in the stage of continuous exploration. Through the correct use, blockchain technology will bring many positive effects to the societyblockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
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disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btcbecause bitcoin has the following potential risks: first, high speculative risk; Second, high risk of money laundering; The third is the risk of being used by criminals or organizations. From the perspective of maintaining national security and social stability, it is a political function; It is an economic function to manage and supervise the enterprises and the market by ensuring the smooth operation of the market, ensuring fair competition and fair trade, and safeguarding the legitimate rights and interests of enterprises
bitcoin home has the notice and interpretation about the central bank and other five ministries and commissions
from the current situation, because the total amount of bitcoin is small, the scale of trading market is limited, and financial institutions are not directly involved in trading and investment activities. As long as necessary prevention and control measures are taken, the risks brought by bitcoin and other virtual commodities can be avoided to impact the financial system and affect financial stability and monetary policy. At the same time, as a virtual commodity, bitcoin's price fluctuation is not related to the real economy, and the scope of real economy transactions priced and paid by bitcoin is extremely limited. We can also strengthen prevention and control to avoid bitcoin and other virtual goods to impact the real economy. However, e to the high risk of speculation, money laundering and being used by criminals or organizations, bitcoin and other virtual commodities are still worthy of attention
since the emergence of bitcoin China, the first bitcoin trading website in China in 2011, dozens of similar virtual commodities have appeared in China in just a few years, and more than ten trading websites of bitcoin and lettercoin and other similar virtual commodities have been set up. The daily bitcoin trading volume in peak period accounts for more than half of the world's bitcoin trading volume. With the help of the concepts of "internet currency", "future trend" and "digital gold", the trading of bitcoin and other similar virtual commodities has changed from simple trading to high-risk speculative activities such as "financing currency" and leverage trading. Compared with bitcoin, there is still a lack of sufficient understanding of bitcoin and a large number of ordinary people participate in it, Holding, using and trading bitcoin out of the mentality of following the trend or speculation will cause great losses. If it is not restricted, it will not only affect the seriousness of RMB as China's sovereign currency, but also damage the property rights and interests of the public.