Is digital currency easy to implement

1. 1. Low transaction cost
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

2.

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 stability

3. After experiencing the peak at the end of 2017, digital currency has experienced a Waterloo like decline, making the currency market into a bear market. After two years of slow decline, the market has yet to stop falling. So it's still a good time to short bitcoin. Investors can now choose the bitnet exchange as the first choice to short bitcoin.

4. The difficulty of development is not high, let everyone accept that the difficulty is heaven.

5. Digital currency is still in its infancy. At present, China's social development level does not support many people to use it. And many underdeveloped areas, people do not understand the digital currency.

6.

Recently, the price of global crypto digital currency is quite unstable. Bitcoin has fallen below US $7000 from its peak of US $20000 at the end of last year, and soared by more than 11% in one day. There are huge fluctuations in the market, and there are many differences in the attitudes of countries towards digital currency. Some announced that they would issue the world's first sovereign legal digital currency, showing a "strong support" attitude, and more countries carefully observed and focused on research and guidance

the existing monetary and financial system is not a natural evolution, but an inevitable result of legal restrictions or government regulation. Although cryptocurrency has many defects, it is also a valuable experiment, especially in the exploration of super sovereign currency. Different from precious metal currency and credit currency, they are oriented to the exploration of "transaction benchmark consensus" in the data age. Of course, if it is affected by too much price fluctuation, speculation, deflation restrictions, etc., and the payment function of crypto digital currency can not be truly implemented, it can only be further and further away from the "currency experiment", or become a special basic "digital asset", or a flash in the pan in the long history

still want to cancel virtual currency< br />

7. Generally speaking, it is sold directly into usdt or bitcoin on the exchange
then sell usdt or bitcoin into RMB through C2C transaction.