What are the characteristics of China's digital currency
compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to a third party, and its transaction cost is lower, especially compared with cross-border payment which provides high service charges to payment service providers
2. Fast transaction speed
the blockchain technology used in digital currency has the characteristics of decentralization, High anonymity
in addition to the point-to-point transaction without intermediary participation, one of the advantages of digital currency over other electronic payment methods is that it supports remote point-to-point payment, It doesn't need any trusted third party as an intermediary, and the two sides of the transaction can complete the transaction in a completely strange situation without mutual trust. Therefore, it has higher anonymity and can protect the privacy of traders, but it also creates convenience for cyber crime, which is easy to be used by money laundering and other criminal activities
Digital currency is characterized by low transaction cost, fast transaction speed and high anonymity
1, low transaction cost
compared with traditional bank transfer, remittance and other ways, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment that provides high handling charges to payment service providers
2. Fast transaction speed
the blockchain technology used in digital currency has the characteristics of decentralization. It does not need any centralized organization similar to the clearing center to process data, and the transaction processing speed is faster
3. High anonymity
in addition to the point-to-point transaction without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote point-to-point payment, and it does not need any trusted third party as intermediary, Both sides of the transaction can complete the transaction in a completely unfamiliar situation without mutual trust, so they have higher anonymity, which can protect the privacy of traders. But at the same time, it also creates convenience for cyber crime, which is easy to be used by money laundering and other criminal activities
extended data
the impact of digital currency:
digital currency is a double-edged sword. On the one hand, the blockchain Technology it relies on realizes decentralization and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular
On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stabilityDigital currency is likely to change the current world monetary pattern and become the mainstream of currency in the future
the essence of money is a tool to measure the price, from the most primitive shells, later copper coins, gold and silver, and now paper money. They do not have the value attribute, but when people give it the value measurement standard, it acts as a tool to measure the value. They are credit currencies. It is because of the strong credit endorsement of the state that the public recognizes them as the medium of goods exchange
this also means that you can go out later without anything. As long as you have money in your digital currency, you can buy anything you need. Later, with the development of the Internet of things, everything will be connected, and your clothes, shoes and bags may become the carrier of digital currency
at present, digital currency is still in the exploratory stage, and its use is still to download app, and then use it. Recently, Shenzhen has issued several rounds of red packets, each user can get 200 yuan red packets, which can be used in designated shopping malls, supermarkets, restaurants and many other places, and some enterprises use it to pay wages, and large-scale pilot will be implemented in the future
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Digital currency is an alternative currency in the form of electronic currency (which can be used for real goods and services transactions)
digital currency has the main characteristics of network packets. This kind of data packet is composed of data code and identification code. The data code is the content we need to transmit, while the identification code indicates where the data packet comes from and goes
based on the characteristics of digital currency, the direct benefit of digital currency to the central bank is not only to save the cost of note issuance, circulation and settlement, but also to enhance the central bank's ability to control funds
Electronic money and virtual money are called digital money. According to the definition of the European Central Bank, virtual money is issued by non central banks, credit institutions and e-money institutions, which can be used as the numerical expression of the value of currency substitutes in some cases{rrrrrrr}
extended information:
the process of digital currency trading through the platform is as follows:
(1) investors should register accounts first, and obtain digital currency accounts and US dollar or other foreign exchange accounts at the same time
(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures
(3) the trading platform will sort the buying requests and selling requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded
(4) e to the difference between the buy and sell volumes submitted by users, a buy or sell request may be partially executed