Disadvantages of digital currency and blockchain

1. blockchain is a distributed account book technology, and digital currency is currently the main application mode of blockchain technology

2. 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

3. 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

4. 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 />

Here you need to understand the correct digital currency issuance process, which is roughly divided into eight steps:

the first step is to build a digital token system

this is very simple. The code of bitcoin is public, and it is a kind of counterfeit currency after simple change; Ethereum's technology is open source. You can find a program to issue a coin on Ethereum's public chain. Now most of the counterfeit coins are on the public chain of Ethereum, and the distribution of tokens is also directly in Ethereum's wallet, which is very convenient

Step 2: find someone to endorse

if the project can be implemented, you may find a real influential tycoon, and by the way, you can take an angel wheel to do marketing. If the project is air money, it may be a grassroots tycoon. In any case, now that the coin circle is just emerging, many "tycoons" are actually grassroots. If you can't, you can send candy directly by virus marketing

Step 3: prepare a white paper

this has to be written on the top. For high-quality coin, vision, code, planning, team and so on need to be well written, which takes a lot of time. But for air coin, it's OK to find a professional agent directly, and it can be written in one day

find all kinds of coin circle media to advertise, or get a virus activity to invite candy delivery, and brush the popularity

with a certain popularity, he began to love Western Europe directly. Good projects are very simple, and they are often looted in a small scale. It doesn't matter if the air currency can't attract people. It's easy to find the agent investment channel to help you package the project

Step 6: contact the exchange

generally, they try their best to go to a well-known exchange. If there is no angel round, you can only take the money from aisio. It's not good. It's OK to go to an easy exchange

Step 7: public offering

once on the stock exchange, you will have enough confidence to speak. At this time, we can continue another wave of public offering. Anyway, what we give out are tokens, which can also attract more attention from the market

Step 8: go online

once the funds are sufficient and the quality of the project is good, there will be more mainstream exchanges. Once the mainstream exchange is finished, this is a reliable project

if it is normal, through the above eight steps is the use of blockchain technology of digital currency

but more often is the digital currency issued by indivials, belongs to MLM currency, more common in online private placement, such as the task Gang blocked before