Blockchain and HTTPS

1.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

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"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

2. The term blockchain comes from bitcoin, and it is also the underlying technology of bitcoin. In short, it is an account book with incentive system. In an open transaction, everyone can keep an account according to their computing power, keep the account book updated and the transaction going on, and those who successfully keep an account will be rewarded (bitcoin), Through such self motivation, the operation mechanism that does not rely on any company or organization is called blockchain

3.

Bitcoin is a kind of electronic payment currency. You can understand it as the RMB on the Internet

blockchain technology is the technology to develop this kind of currency. generally speaking, it is the blockchain technology that invented bitcoin

why must it be blockchain technology instead of other technologies, because currency has its particularity and sensitivity. It plays a special role in social proction. For example, we require money to have stable value, decentralization, liquidity and credit system. Blockchain technology solves these problems well< br />