Digital currency war

1.

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

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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

2. On November 13 this year, the official microblog of the people's Bank of China announced that the people's Bank of China has issued legal digital currency, and some institutions falsely use the name of the people's Bank of China to trade relevant digital procts under the title of "DC / EP" or "DCEP" on the digital asset trading platform. The central bank stressed that no legal digital currency (DC / EP) was issued and no asset trading platform was authorized to trade. Neither "DC / EP" nor "DCEP" traded in the market is legal digital currency, and the launch time of legal digital currency transmitted through Internet is inaccurate information<

at present, the so-called issuance of legal digital currency in the Internet, and the behavior of indivial institutions launching "DC / EP" or "DCEP" in the name of the people's Bank of China to conct transactions on the asset trading platform may involve fraud and pyramid selling. The general public should raise their risk awareness, not be partial to trust, and guard against interest damage
as early as September 4, 2017, the central bank and other seven departments jointly issued the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement), pointing out that the issuance of virtual currency, ICO and other suspected illegal financial activities seriously disrupted the economic and financial order, and no organization or indivial may engage in the above activities illegally.

3.

At 8:00 on October 11, Shenzhen & lt; Enjoy Luohu digital RMB red envelope & quot; At the end of the appointment, the system successfully completed the pilot appointment registration, which is an important step in the development process of digital RMB. Adrian said: & lt; China's digital currency pilot leads the world, and the IMF pays close attention to the pilot situation of China's digital currency in some urban areas& rdquo; From the perspective of monetary statistics, the central bank's digital currency belongs to the category of M0, that is, cash, not M1 or m2. Therefore, he does not think it is necessary to worry about the impact on banks in the initial stage{ RRRRR}

overall, the impact of digital RMB on China's financial system will be all-round, and the development of China's digital system will usher in a new era

4. Digital 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

digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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5. The issue of digital currency has many benefits and is imperative. According to the central bank, digital money and paper money will coexist for a long time to come. When people go to the bank to withdraw money, they can not only withdraw cash directly, but also exchange it into digital currency. In Xiaobian's opinion, the establishment and issuance of digital currency system can not only make people's transactions more convenient and safe, but also graally weaken the proportion of paper money in the real circulation, which will also have a positive impact on the electronic disk of postal money card
when people are used to digital currency, paper money will graally withdraw from the circulation market and enter the collection field. In the new environment of payment and circulation, the traditional paper money will become a symbol of an era and a memory of people. The paper money that used to circulate in the market will also become a kind of cultural and artistic investment goods, active on the electronic disk of the post money card. And those earlier and even rarer coins will also stimulate their prices to rise in this situation. It can be seen that the central bank's graal promotion of digital currency will have a profound impact on people's living habits and investment and financial management, which is worth looking forward to Sohu)
however, digital currency does not have to be used for payment. Some domestic application-oriented digital currencies have begun to find another shortcut and come out with a different truth. For example, coin Ying China crowdfunding project token; Puyin group launched the tea based digital currency Puyin.

6. Go language has not shown a clear direction since its appearance. Google employees call it an "experimental language", saying that it tries to integrate the development speed of dynamic languages such as python with the performance and security of compiled languages such as C or C + +. A supporter of go language summarizes that go language is as follows: simple, fast, safe, concurrent, happy programming, open source; But go language lacks direction and the attempt of its "synthesizer" will easily lead to its failure to learn from cats and dogs, and become a four unlike. Nevertheless, the editors still think that go language has great potential: many developers are interested in it - not only its original designers have a strong lineup, but also the people involved in modifying the source code. This is likely to help go language find its own direction and open up a new direction of system programming.

7. "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 package is composed of data code and identification code. The data code is the content to be transmitted, while the identification code indicates where the data package comes from and goes Definition of digital currency: the alternative currency in the form of electronic currency belongs to digiccy. Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as: the digital expression of value, which is not issued by the central bank or authorities, nor linked with legal currency, but because it is accepted by the public, it can be used as a means of payment, or can be transferred, stored or traded in electronic form. Digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects: first, e to some open algorithms, digital currency has no issuing subject, so no one or institution can control its issuing; ② Because the number of algorithm solutions is fixed, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency; ③ Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough. The emergence of bitcoin poses a great challenge to the existing monetary system. Although it belongs to the generalized virtual currency, it is essentially different from the virtual currency issued by network enterprises, so it is called digital currency. This paper compares digital currency with electronic currency and virtual currency from the aspects of issuing subject, scope of application, issuing quantity, storage form, circulation mode, credit guarantee, transaction cost and transaction security.

8.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

extended data

to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />