What business opportunities does digital currency give birth to

1. Recently, the rising price of bitcoin has given birth to all kinds of digital currency financing (ICO) boom. To become a future currency form, digital currency must first have all the functions of the existing currency. However, the existing digital currency represented by bitcoin and blockchain technology still has challenges in some traditional problems< There is no doubt that digital currency is a beneficial attempt to establish the future monetary system, but its premise is to adapt to the current level of human proctivity, technology and culture. In the past, we overemphasized the anonymity, credit and wealth attributes of digital currency under the current credit standard system, but ignored the basic functions of currency
according to the prospective instry research institute, an investment institution, the current upsurge of various types of digital currency financing does not mean that digital currency is becoming more and more popular as a currency. On the contrary, it is regarded by some people as "digital assets" to store, hype or use for illegal purposes, which can not but arouse enough attention and vigilance.

2. The people's Bank of China has designed a two-tier architecture for digital currency
specifically, according to Yao Qian, director of China digital currency Research Institute, the design framework of central bank's digital currency is mainly convenient and efficient, safe and controllable, and popular development
as for the two-tier framework, the two-tier framework is the central bank and the commercial bank, based on the account and wallet. This framework is to combine the original bank account system with the account system based on digital currency wallet
in blockchain technology, digital currency is separated from legal currency system and bank account system. Otherwise, together, it will cause chaos. Considering this problem, Yao Qian introced digital currency wallet into the account system of commercial banks. In this way, an account can manage both electronic currency and digital currency. Of course, this kind of design has a great impact on the current banking system, but it is also a resource for commercial banks with mature system
how does digital currency wallet work in commercial banks
bank accounts and digital currency wallets of commercial banks have common management features. In this case, bank accounts and digital wallets have different positioning. According to the wallet standard designed by the central bank, a wallet is equal to a safe deposit box. According to the requirements of customers, the bank will manage the safe deposit box as all the properties of cryptocurrency. This framework adds a Digital Wallet ID field to the bank account. In this way, the wallet has the function of a safe deposit box and does not participate in the business, so as to avoid affecting the core business of the bank
digital currency transfer can be directly transferred in the commercial banking system, or through the note issuing bank using the client-side digital wallet, direct point-to-point transactions, so that there is no need to rely on inter-bank payment between account banks< In a word, digital currency wallet is the personal wallet in the commercial banking system
theoretically, the payment system deals with demand deposits, while digital currency is in the category of cash
is the digital currency issued by the central bank decentralized
Yao Qian said that the biggest issue facing the instry now is whether decentralized distributed ledger should be used at the top level
Central Bank digital currency is more convenient and can develop into controllable anonymity through centralized issuance and account based weak association. However, in the digital world, we cannot confuse the economy and finance behind the numbers. Although they are all numbers, they represent different assets, so the central bank will keep them in mind when designing. We want to have a mature financial infrastructure for legal digital currency, but considering that the note issuing bank is only responsible for the digital currency itself, and the account bank is responsible for the actual management business, so as long as the specific application is implemented, the note issuing bank and the account bank will perform their ties and do their best
then the characteristics of the central bank's digital currency are
1. Digital currency, like RMB, has stable value
2. The operation mode is the same as RMB, which is endorsed by the national credit and issued by the central bank, and all commercial banks exchange it into the market
3. Digital currency issuance relies on big data, because it has the possibility of real-time collection of currency bookkeeping, flow, transaction, etc., which can provide help in anti money laundering
4. After digital currency replaces paper currency, it will play a positive role in preventing counterfeit banknotes, changing change, and preventing damage and loss ring transaction storage
5. It will rece the waste of resources. The proction and printing of paper money need cost, while the proction of digital currency depends on big data, so it will rece the waste of resources
therefore, with the advent of the central bank's digital currency, personal participation will have less opportunities to make money
I hope it can help you
hope to adopt it

3.

If you want to participate in the transaction of digital currency, you must understand the digital currency ecosystem

It can be said that digital currency exchange is the most important part of the whole instry. Digital currency exchange provides investors and traders with the capital channel to buy and sell digital currency. At the same time, the trading activities of the exchange determine the price of many digital assets

according to coinmarketcap, the capital flow of digital currency exchanges is huge, with the average daily trading volume of the top five exchanges exceeding US $3 billion

there are hundreds of digital currency exchanges around the world, some of which operate globally in mainstream markets, while some focus on niche markets

for example, AAX is committed to providing services for digital currency traders and institutional investors, integrating the digital currency world with the global economy, and providing unparalleled first-class technical capabilities using the matchmaking engine supported by lseg technology

many substitutes have successfully occupied a certain market share shortly after their launch. What digital currency exchanges have in common is that they together provide the development soil for these alternative currencies

digital currency is no longer limited to bitcoin. Other digital currency assets, such as eth, XRP, BCH, usdt, LTC, EOS, xtz, etc., have a place in the portfolio and diversification strategies of many digital currency dealers

At present, there are many similarities between digital currency trading and foreign exchange trading, because the basic principles, tools, indicators and strategies used in foreign exchange are also applicable to digital currency trading. AAX College's digital currency trading section discusses these topics in depth and extensively

blockchain protocol

blockchain is the underlying technology that makes digital currency possible. There are many kinds of blockchain protocols, and the technical characteristics, advantages and disadvantages of each protocol are slightly different

for example, bitcoin blockchain relies on mining and pow (proof of work) mechanism to process transactions, while another blockchain may use dpos (proof of entrustment) mechanism instead of mining. In addition to bitcoin blockchain, other noteworthy protocols include eth, hyperledger, EOS, XLM, Iost, kin, TRX and stem. Among these blockchain agreements, ETH (Ethereum) is commendable in promoting the rapid innovation of the entire digital currency ecosystem

Ethereum platform was created by vitalik buterin, which indicates that developers can make better use of the resources of the platform by using their own programming language solidity. Ethereum has made blockchain technology all the rage, creating a new world of innovative decentralized applications on the basis of smart contracts and custom tokens. At present, most of the substitutes are based on Ethereum's erc20 standard

the district centered financial movement, or defi for short, is also basically based on the Ethereum blockchain agreement

financial services

for every service in traditional finance, Ethereum based defi applications have corresponding alternative versions for everyone to access. The defi app allows users to create stable currencies, lend money and earn interest, send and receive payments, get loans, trade, take positions in the forecast market, enter the real estate sector, and so on. Smart contracts are the key to making decentralized services possible. Once certain conditions are met, the smart contract will automatically perform the pre agreed activities

at the same time, traditional finance also began to provide new customized services for the field of digital currency. At present, some fund managers provide investors with the option of adding digital currency into their portfolios, the trustee provides security services for investors who invest a lot of money in digital currency, and many analysts in mainstream media (such as Bloomberg) also have a strong interest in digital currency

digital currency hardware

for those who like to build their own security measures, the huge digital currency hardware market can provide professional traders and long-term holders with the tools they need. Trezor and ledger are the most famous hardware wallets. They essentially provide the same value for digital currency traders, that is, a more secure way to store digital currency

of course, digital currencies stored in hardware wallets cannot be traded in the market. Therefore, digital currency traders usually allocate funds between the hardware wallet and the exchange according to a certain ratio according to their own trading style preference

There are so many activities of

data aggregators and blockchain analysis

cross blockchain, which proces a large amount of data, and also spawns the emergence of sub instries, namely data aggregators and blockchain analysis instries. Companies such as coinmarketcap are the preferred source for quick inspection of digital currency and exchange data. They collect statistics on trading volume, liquidity, market value, price trend, circulation and the whole instry, such as the total amount of money, the number of markets, the market value of the instry and the proportion of BTC market value

people who are more interested in blockchain analysis can find the required data in websites like blocktivity. Here, you can view the relevant data of each indivial blockchain agreement, including the number of operations in the last 24 hours, the average number of operations in the last 7 days, the market value and Cui index, that is, the remaining available capacity after the actual usage of the current blockchain agreement. All in all, these websites can provide valuable insights for the blockchain instry

for example, the average number of operations of Ethereum in the past seven days was 667000, with Cui slightly higher than 50%, while the average number of operations of EOS in the same time range was 63 million, with Cui slightly lower than 50%. Technically, the performance of EOS protocol is more powerful than that of Ethereum. However, this can not prevent Ethereum from occupying 70% of the total market value of the most mainstream currencies

digital currency media and conferences

in today's world, almost everyone is the publisher of content. Without we media instry, such a large-scale instry will no longer exist. Digital currency has given birth to a wide range of media patterns, covering news media, KOL and related conferences for currency, public chain and code

digital currency head media include coindesk, cointegration, bitcoin magazine, decrypt, CCN, bitcoinist, newsbtc, etc. Some KOLs are also well-known, sometimes even more popular than the news media

YouTube celebrities, such as datadash, dollar villante, altcoin buzz, Ivan on tech and boxmining, have subscribers from 200K to 300K. In the field of digital currency trading, the top stars of cryptotwitter include venture coinist, cryptocred and cryptodon alt, with 211k, 140k and 120K fans respectively

if you want to have face-to-face communication with companies and people, digital currency and blockchain meetings should not be missed. Every year, there are many conferences around the world for investors, blockchain experts, start-ups, institutional financing, currency or agreement related communities. In 2019 alone, we sponsored and participated in blockchain live in London, the capital summit hosted by coinmarketcap in Singapore and the world mobile conference in Shanghai. We have had exciting meetings with other digital currency companies and major financial institutions, and established contacts with regulators from different jurisdictions

digital currency supervision

with the continuous growth of the market and audience of digital currency instry, in most cases, financial regulators are still developing relevant frameworks to protect investors and consumers. Regulators may take a very different approach, which is a challenge for companies operating across multiple jurisdictions

ring the ICO boom in 2017 and 2018, many projects were launched before the regulatory framework was established, while some projects did not meet the criteria of the jurisdiction and were suspended ring the fund-raising process. All this comes from how to classify digital assets, and the understanding of classification is constantly changing. At present, we divide digital assets into security token and practical token

in the past year, with the proposal of Libra, the promotion of supervision is also increasing. The central bank is also actively exploring the significance of blockchain technology to its policies and economic activities, and constantly publishing reports

the rapid development of digital money ecosystem

these components of digital money ecosystem are growing and developing in an orderly way, contributing to the increasingly sound instry. From the minority interest in 2009 to the active digital asset economy, digital currency has come a long way

However, in order to achieve the development and wide participation of the instry, a strong ecosystem is not enough. We need a better link between digital money and global finance. The better the combination of digital currency and traditional finance, the easier it will be for newcomers to understand the digital currency ecosystem

for every novice, as exchanges, financial services, media and regulators graally adapt to the expectations of mainstream consumers, the digital currency instry will further develop, which may improve investment outcomes

4. For ordinary people, it is more convenient for us to travel, so mobile phone should be an indispensable tool for human beings.

5. X Lei Jun once said that pigs can fly as long as they stand at the tuyere. In today's society, only the situation makes heroes, and few heroes make the situation. Blockchain is today's tuyere instry, most people think that blockchain is the main direction of the future development of the Internet, so how can we ordinary people stand on this tuyere and make money by this wave of east wind
first, get more digital assets through mining. It can be "mining", it can be "private" exchange, it can also be ICO. There are just a few forms, the purpose is to make the number of digital assets in your hands change a lot. So when the price is stable, relatively speaking, it will make money
Second, to collect money and stir fry money. Reasonable use of time factors to earn the price difference of digital assets in hand. Buy low and sell high, similar to the operation of the secondary stock market. For example, if you buy when the price of bitcoin is low and sell when the price of bitcoin is high, you can earn RMB price difference, which is the simplest way to make profits. At present, the mainstream trading markets have moved to foreign countries, and bitcoin based digital currency transactions are mostly based on currency transactions, and the channels of legal currency exchange are less and less, and more and more hidden. Participation in this link requires a certain degree of professionalism. The long-term profit depends on Tun coin, and the short-term profit depends on speculation
thirdly, when a new technology or new proct just appears, it is profitable to popularize information or use information gap as an intermediary. Remember that famous example? There was a famous "gold rush" in the history of the United States, which attracted many people who dream of making a fortune overnight to go for gold. Gold rush may make a fortune overnight or get nothing. And smart people provide food and water for gold miners on their way. These people are called "water sellers", and they are sure to earn money. The blockchain gold rush is madly attracting countless ordinary people, and has also made many media companies and consulting platforms in the blockchain instry< 4. Issue currency. Ordinary people can also use Ethereum network to release their erc20 token through simple learning. Small companies with a technical team can gather the strength of the technical team to develop more perfect blockchain applications, so as to issue corresponding tokens and finance coins by means of private placement or crowdfunding. In order to get a lot of wealth. Sun Yuchen, the founder of the famous wave field, is a post-90s. In a few short months, it has achieved a market value of 100 billion yuan. It's full of money
5. Be a community and collect es. The so-called community, in the world of Internet people, is called community. The speed of the coin circle as a community is really fast and fast. Many people build groups in chat software such as wechat, and constantly send propaganda information of various blockchain projects. These information are mixed and highly overlapped. It's overwhelming. The ultimate goal of most people in this way is not to collect es, but to take people in the group to invest in a blockchain project and earn intermediary fees or token rewards< 6. To be a trading platform such as an exchange. Such as "fire coin" and "coin an", the myth of "sudden wealth" of young start-up companies represented by the post-80s generation has refreshed people's cognition again and again. There are discussions, there are transactions, there are transaction fees to earn< 7. Futures trading. Bitcoin has been online for futures trading. Some foreign futures companies can provide account opening and information consultation. Some currency exchanges, such as dew, Huobi. Pro, also provide short selling services. In essence, it is a kind of futures trading. In addition, there are some leveraged trading platforms in the market. In their own foreign exchange margin trading platform, they provide btcusd currency pair trading, with high leverage, the possibility of return and risk are magnified hundreds of times
8. Register to receive "candy" for free, and the token itself has the attribute of business points. Many technical teams take advantage of this and publish some small projects that can receive candy by registration. Each project can receive "candy" award or "mining machine" award according to different periods. Strictly speaking, this kind of project is not a blockchain project, but it is full of the whole coin circle. Many people use their spare time to register on the platform, and they can get tens of thousands of yuan of extra income every month, which can be regarded as collecting the wool of market speculators< 9. Application development. Those who have certain development technology and seriously study blockchain technology can develop blockchain applications. Finding a clear positioning of an instry, trying to rewrite the rules of the game with blockchain, and developing distributed application DAPP are the direction of blockchain technology. At present, there are not many teams with development ability in China, and projects made by technical teams with real talents are generally supported and liked by funds. The secondary market usually performs well, too< 10. Technical training. At the beginning of the blockchain market, many people did not understand what blockchain was and how to participate in blockchain investment or technology development. The emergence of training companies is inevitable. Some domestic blockchain enthusiast alliances, blockchain technology teams, blockchain investment institutions, etc. have begun to do such technology popularization and information services
11. Carefully study some blockchain applications and earn token rewards corresponding to blockchain applications in their systems. At present, some blockchain applications have been implemented and run successfully. The fundamental difference between blockchain projects and Internet projects lies in their perfect reward mechanism. Generally, customers will be rewarded by token. The reward itself can be sold for profit.

6. The central idea of digital currency is decentralization, but the central bank should only use the encryption method of digital currency.

7. First by month, and then find the specific year that month, and then use the left mouse button box to zoom in, that is, the line by day in that time period.

8. The key depends on whether you can grasp the opportunity. Business opportunities are always the proct of the trend and the leader of business.