Opening a new era of standard digital currency

1. It is reported that the Central Bank of China is testing the digital currency based on blockchain
according to media reports, the people's Bank of China has completed a test on December 15, which shows how to conct transactions and clearing in the distributed ledger system
it is reported that this test was concted jointly with China's mainstream commercial banks, including ICBC, Bank of China and Weizhong bank< The report reads: "the people's Bank of China believes that digital currency can not only rece circulation costs, but also increase transparency, inhibit money laundering and tax evasion."
the report even suggests that Shanghai bill exchange pilot digital currency and set up a national bank bill transaction. At the same time, the people's Bank of China will also establish a digital currency Research Center, and is recruiting experts in big data, cryptography and blockchain technology< The report comes after Zhou Xiaochuan, the governor of the people's Bank of China, issued a statement in February in which he hinted that the people's Bank of China was considering using blockchain to issue digital currency
moreover, this test was concted at the time when the people's Bank of China launched an investigation into China's bitcoin exchange, which started early this month and has led to many changes in trading policies
as the world's first standard digital currency, Puyin takes 1 billion Tibetan tea as the primary standard asset, writes 1 billion Tibetan tea assets into the blockchain through digital encryption technology, and records the identification, evaluation and right confirmation of Tibetan tea.

2.

Blockchain finance is actually the application of blockchain technology in the financial field

blockchain is an underlying technology based on bitcoin, and its essence is actually a decentralized trust mechanism. Through sharing in distributed nodes to maintain a sustainable database, the security and accuracy of information can be achieved. The application of this technology can solve the trust and security problems in the transaction, and the blockchain technology has become an optional direction for the future upgrading of the financial instry. Through the blockchain, both parties of the transaction can carry out economic activities without the help of the third-party credit intermediary, so as to rece the cost of the global transfer of assets

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since 2016, the major financial giants have also heard the news and launched blockchain innovation projects one after another to explore the possibility of applying blockchain technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency. Standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization. After careful digital algorithm, it is written into the blockchain to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency

in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the global asset circulation, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016, at which the discussion on the realization of digital circulation of assets, block chain financial transaction mode, and block chain financial transaction mode will be held It also discusses the application of blockchain service and social public instry

3. The digitization of money is a development trend in the future, which is credible. The digital currency that the central bank plans to issue has been successfully developed and will be released in the near future. It will first be applied to the bill market and will graally expand outward in the future

of course, it's not just currency digitization, most things are likely to be digitized in the future. Now, large tea groups in China have entered the digital currency circle, issuing the digital currency of Puyin with tea related assets as the subject matter. This digital currency is a standard digital currency. Theoretically, it has the value of appreciation, because the precious tea will appreciate.

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5. Now we have to clarify the concept of commodities.
the labor procts collected on the ground must not be counted, but must be processed.
the self-sufficient ones must not be counted, and they must be exchanged. For example, the cloth proced by men and women in ancient times was used by themselves. Therefore, it is not a virtual currency.

virtual currency originally refers to unreal currency, which is used in games,
virtual money in computer games will also have its real value. For example, if a player buys his account from another player, he can get all the virtual assets of that player, and then it will be much easier for the player to continue playing. If the game allows players to transfer virtual property, players can buy and sell game props and pay in real currency. If the game props are priced by virtual currency in the game, then the exchange rate between real currency and virtual currency is established

so its value comes.

the value in textbooks is different from the value mentioned above. Value is a kind of social labor result condensed in procts, You should have learned that the amount of value is determined by the social necessary labor time.
the so-called price is just a form of monetary expression of value...

the value in textbooks is a kind of physical value. How can I tell you?
take the stock market for example, some people make money, so can you say that the stock market creates value? No, he doesn't create, he just redistributes wealth...

let's take the use value as an example, remember its definition
the utility of goods that can meet people's needs

is it goods, is virtual currency goods? The so-called goods are made up of atoms...

besides value, the so-called value is that value appears with the emergence of human beings and is defined by human subjective consciousness. Value is a kind of surreal norm or ideal, It's God's creation. Whether a thing has value or not depends on the logic of the concept system, which is a surreal, ideal state, or God given

value comes from nature, and develops with human evolution and social development. The ultimate origin of value can only be the moving

material world and the working human society. The virtual currency belongs to a part of human society... So it is valuable, but from the perspective of textbooks, it is far fetched

6. Digital currency is the abbreviation of digital currency. It is an alternative currency in the form of electronic currency
both digital gold coin and password currency belong to digiccy. It can not be completely equivalent to the virtual currency in the virtual world, because it is often used for real goods and services transactions, not limited to online games and other virtual space. At present, the central bank does not recognize or issue digital currency, and digital currency does not have to have a benchmark currency. The popular digital currencies in 2015 include bitcoin, Leyte coin, Ruitai coin, thousand gold card, etc. At present, there are thousands of digital currencies issued all over the world
China's central bank is also planning to launch its own digital currency, but the design concept of this digital currency and bitcoin are different from nature. The key point of the digital currency to be manufactured by the central bank is the control right, which can also be said to be the digitization of paper currency< Bitcoin, of course, is the hottest one. In addition to bitcoin, there are also:
1. Litecoin is similar to bitcoin. It is also an encrypted digital currency, and its price has risen sharply recently. It is a P2P open source digital currency, which can be regarded as a branch of bitcoin. However, although it is based on bitcoin protocol, it does not require very high computing power, Lightcoin's algorithm is derived from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems).
2. Namecoin is also based on bitcoin, which is another open source branch. Namecoin is a distributed DNS protocol, It is able to change the website name (such as ifeng.com) that can be understood by human beings into the address that can be understood by machines. As its own DNS, this currency can operate outside the normal Internet, so it can be free from the control of ICANN.
the monetary value and domain name of namecoin are stored in the block chain records of users, limiting the total number to 21 million.
3 Peercoin
peercoin is a peer-to-peer variant of bitcoin, which can improve mining efficiency and security, and improve safeguard measures to avoid group mining. Now, group mining has been regarded as a potential defect of bitcoin. According to the statistics of emerging currencies by coinmarketcap.com, peercoin is currently ranked fourth in the market value of digital currency.
4 Primecoin
primecoin is a cryptocurrency similar to bitcoin, but it uses a completely independent mining algorithm. Bitcoin uses hashcash algorithm, while prime coin uses long Cunningham chains to create the value of money, which is a prime number sequence named after mathematician AJC Cunningham, But prime is different. Every time a primecoin is mined, the mining difficulty will increase slightly, and the process is much more stable.
5. Feathercoin
feathercoin is designed and released in April 2013, and can adjust the mining difficulty more frequently than litecoin, Novacoin is another P2P digital cryptocurrency. The difference between novacoin and most other currencies is that it integrates protection mechanism in the currency core to identify illegal mining activities.
the total number of novacoin is limited to 2 billion, which is considerable. If necessary, the total number can be adjusted upward.
7 Infinitcoin
released in June 2013. It is a by-proct of litecoin. According to the mining situation and the total number of currencies, infinitcoin can frequently adjust the mining difficulty ratio.
8. Megacoin was only released in the fourth quarter of 2013 and imitated bitcoin in the initial stage. The total number of megacoin is limited to 42 million, which can be mined out like other virtual currencies, This is exactly what other digital currencies lack.
9. Quarkcoin was released in 2013 and is still in its infancy. The security part of quarkcoin deploys 9 independent loops of encryption and adopts 6 different algorithms

7. Anchoring mechanism has become a new form to generate digital assets. Digital assets become standard digital currency through anchoring physical issue

8. The concept of standard digital currency is put forward by acchain, which means that only when all digital currencies are anchored by physical assets can they have real value, that is, the so-called standard digital currency.

9. Puyin is a high-quality Tibetan tea asset, which is stored, identified, evaluated and authorized by three parties. It is a standard digital currency issued by encryption and digitization. Puyin implements the concept of "white paper on standard digital currency" in strict accordance with its operation guidelines, and creates standards for asset digitization
the traditional digital currency is not supported by real assets, especially some counterfeit currencies, which have disappeared after a period of time.