What are the main characteristics of digital currency

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. First, digital currency is anonymous. Second, digital currency is programmable currency. Third, digital currency is cryptocurrency. Fourth, digital currency is algorithmic currency. Fifth, digital currency is autonomous currency. Sixth, the operation of digital currency is based on distributed network.

3.

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

4. This is a typical MLM. At present, it's a network employee who claims to give you points. Points can be exchanged for money, and goods can be purchased at a discount. But don't forget that you need enough offline to get these, otherwise you are a person who pays for others. The MLM organization is basically developed by women who want to make a fortune, I am also in this wechat group. I just want to see how they are going to develop. At present, I am sending out some photos of the so-called national leaders and LCF family every day (there are only two photos in total. I should say that they don't know who did it or where the photos came from). One is sending out some speeches about how you joined and the so-called president Liu Fujiang, At the same time, there will be some so-called promises that you will get those benefits after you join the organization, which will be sent every day, a very boring wechat group
bitcoin, Ruitai coin, Laite coin, vitality coin, these mainstream digital currencies will not have this marketing mode.

5. Bitcoin, of course, is the hottest one. In addition to bitcoin, there are also:
1. Litecoin is similar to bitcoin, which 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 lightcoin is based on bitcoin protocol, it does not require very high computing power. It can also be mined using ordinary computers. Lightcoin's algorithm comes 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
namecoin is also based on bitcoin, which is another branch of open source. Namecoin is a distributed DNS protocol -- generally speaking, it can transform the website name (such as ifeng. Com) that can be understood by human into the address that can be understood by machine. As its own DNS, this kind of currency can operate outside the normal Internet, so it can break away from the control of ICANN
the monetary value and domain name of namecoin are stored in the user's blockchain records, 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 considered as a potential defect of bitcoin. According to the statistics of emerging currencies by coinmarketcap.com, peercoin currently ranks fourth in the market value of digital currencies
4. Primecoin
primecoin is a cryptocurrency similar to bitcoin, but it uses a completely independent mining algorithm. Bitcoin uses the hashcash algorithm, while prime coin uses the long Cunningham chains to create the value of money - a sequence of prime numbers named after mathematician AJC Cunningham
in the process of bitcoin mining, as the amount of money goes on, the difficulty will increase sharply. 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

based on the design of litecoin, released in April 2013, can adjust the mining difficulty more frequently than litecoin. Feathercoin will be updated frequently, adding new features and improvements to eliminate malicious mining behavior

6. Novacoin

another P2P digital cryptocurrency. Novacoin is different from most other currencies in that it integrates a protection mechanism in the currency core, which can identify illegal mining activities

the total number of novacoin is limited to 2 billion, which is considerable. If necessary, the total can be adjusted upward

7, infinitech

published in June 2013. A by-proct of litecain. According to the mining situation and the total amount of money, infinite money can frequently adjust the mining difficulty ratio< Megacoin was only released in the fourth quarter of 2013, imitating bitcoin in the early stage. The total number of megacoin is limited to 42 million, which can be mined like other virtual currencies. Its biggest selling point is brand publicity, which other digital currencies lack< It was released in 2013 and is still in its infancy. In the security part of quarkcoin, nine independent loops are deployed and six different algorithms are used.

6. I'm too young to remember the birth of the Internet. When the Internet was booming, I was in high school, a little confused about what happened. At a family party, when my cousin bragged about how much money he made from buying and selling domain names, I thought it was stupid
it's not a reality. Up to now, I still think it's stupid to make money by buying and selling domain names. I know it happens sometimes. It's like a high-risk, low return investment
as a result, the Internet did. Now, 20 years on, domain names are cheap, and search engines make them brand specific Note: the author means that the convenience of search engines makes domain names cheaper and cheaper. Domain names are only related to brands.)
What does this have to do with the value of bitcoin
this is an example of how people's views on value change with the development of technology
at this point, most people see bitcoin as money. The chairman of the US SEC said, "yes, that's how drug gangs use it. Everyone I know thinks so.". It's called "bit coin" for a reason
bitcoin maximalists call it hard currency, critics call it fake money, and veteran players call it cyber currency
W bq89998 push the latest currency from time to time to ensure the minimum 10 times

7. 1. Low transaction cost:
compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with cross-border payment which provides high handling charges to payment service providers
2. Fast transaction speed:
the blockchain technology used in digital currency has the characteristics of decentralization, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster
3. High anonymity:
in addition to the physical form of currency can achieve point-to-point transactions 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. It does not need any trusted third party as an intermediary, and the two parties can complete transactions in completely unfamiliar situations without mutual trust, Therefore, it has higher anonymity, which can protect the privacy of traders, but also create convenience for network crime, which is easy to be used by money laundering and other criminal activities

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