Focus on blockchain and digital currency
thank you
to know the difference between them, we need to know the definition of them first
digital currency: short for digiccy, which is the abbreviation of "digital
currency", is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
blockchain: blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database, also known as the trust machine
from the above definition, we can know that blockchain is a technology, and digital currency is a kind of virtual currency
digital currency is not equal to blockchain
many people will understand blockchain as blockchain. Here I want to correct that digital currency is not equal to blockchain. Digital currency is only an application of blockchain, and some digital currencies may not be applied to blockchain technology.
blockchain is the core supporting technology of digital cryptocurrency system represented by bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the common high cost, low cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry
taking the tourism instry as an example, blockchain applications mainly focus on tourism travel, tourism community reviews, digital identity management, credit consumption management, tracking pilot's professional certificate and qualification, loyalty plan of hotels and airlines, reservation management and consumption points management. In addition, blockchain also has applications in finance, games, entertainment and other fields.
blockchain 2.0 technology application represented by smart contract
the era of blockchain 3.0 has come. Behind the operation of all walks of life, we can see the mode of collaborative operation of blockchain. Therefore, blockchain is bound to widely and profoundly change the way of human life, so the whole life service will enter the era of blockchain. In the process of Internet development, blockchain + physical instry, blockchain e-commerce and blockchain community operation can be applied to blockchain technology.
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blockchain is a distributed account book technology, and digital currency is currently the main application mode of blockchain technology
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digital currency, based on the characteristics of blockchain, such as decentralization, traceability, non deletion and modification of records, confidentiality, convenient and rapid transaction, can be used as the carrier of asset digitization to a certain extent. Digital currency provides a feasible tool for asset digitization, safe, convenient and transparent transaction
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digital currency is illegal in China. In 2017, many ministries and commissions of the state have issued relevant issues, please search online
Relevant national leaders pointed out that blockchain technology is an important breakthrough for independent innovation of core technology. Therefore, more and more attention will be paid to the application of blockchain technology, and the central bank is also studying DCEP, but it is not clear when digital currency will enter the legal application -
a few countries, such as the United States, Japan and Singapore, are tolerant of digital currency:
1) the United States: there are usdt, ETH, and Libra in the future
2) Japan: in April 2017, Japan implemented the revised capital settlement law, stipulating that digital currency and Japanese yen are legal tender and can be traded with each other
3) Singapore: Singapore is tolerant of digital currency, and it has become a common practice for Singaporeans to invest in digital currency< br />
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
extension data
"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 authorizationwhen the economy is stable, it doesn't rise. When the economy is in turmoil, people begin to store digital currency. Of course, it is convenient for some corrupt elements
now the economy is stable, the digital currency is in a bear market, the financial crisis, the crisis, and only when there is a crisis can there be an opportunity. At that time, the rapid growth of bitcoin was the opportunity in the financial crisis. Don't worry, there will be a bull market in digital currency, which is expected to come in the second half of next year