Digital currency is the future

1. Let's first explain digital currency. The real digital currency is issued by the state, based on the national credit, and stored in the form of electronic data. This is the national legal currency that can be circulated. So far, no country has issued digital currency, so has China. Therefore, anyone claiming to be a digital currency issued by the state is a fraud. The function of legal digital currency is the same as that of paper currency. So there is no concept of investment. Just imagine, would you spend 100 yuan to buy a ten yuan RMB? bitcoin is still a virtual currency, not a real currency. Bitcoin is an encryption algorithm based on the blockchain, and the calculation results are obtained. The biggest characteristics are decentralization, uniqueness and finiteness. Because of these characteristics, it is impossible for a country to use bitcoin as legal tender. So I have no objection to using bitcoin as a target of speculation. But if bitcoin is promoted as a digital "currency", I think it is suspected of cheating, because it does not have the characteristics of national legal tender. Some people in the world are willing to accept bitcoin transaction. I think it is actually a "barter" transaction, not a real currency transaction. At present, bitnet exchange can provide the most trading pairs, and investors can participate in leveraged trading and perpetual contract trading.

2. 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.

3. There may be two situations. One is the emergence of a globally recognized digital currency, which can circulate globally. Another situation is the emergence of a super strong situation, just like the current international situation. This kind of digital currency may be issued by a powerful country or alliance, and other countries will also have their own digital currency, but it mainly plays a supporting role. Bitcoin, Ruitai coin and vitality coin may only exist as an asset class at that time.

4. After this craziness, the future development trend of the instry analyzed by the prospective instry research institute mainly includes the following points:
1. Virtual digital currency may continue to develop for a long time. Due to the high security of virtual currency, it can't be issued at will, and Chinese and foreign people can't identify the user's identity information in the transaction process, a large number of people have a crazy pursuit of virtual currency
2. Virtual digital currency may be involved more widely in the future. As long as someone recognizes and uses virtual currency, the existence of virtual currency has value
virtual digital money has developed so far. Prosperity and bubbles, wealth and dreams, questioning and regulation are all on the way. Investment is risky, so we should be cautious. At present, such playing methods as bitcoin have not been approved by the regulatory authorities. It is suggested that ordinary investors should participate in the game within their ability.

5. In the future, digital currency will be unified, and there will be a situation of one super and many strong
the Central Bank of China held a seminar on digital currency at the beginning of this year, and the issue of digital currency by the central bank has been put on the agenda. Some international banking giants and technology companies are also developing digital currency, and the Bank of England also plans to issue digital currency. All this means that digital currency is getting closer to our real life. However, the digital currency issued by the government may be in circulation in the future, but bitcoin, Ruitai currency and vitality currency can only exist as an asset class.

6. The future world will be a digital world, and money will develop from paper money in the past to digital money in the future, which is a trend. Because in order to adapt to the digital world, the future currency must also be digital. It can be predicted that digital currency will be safer, faster and more convenient in the future
many procts of blockchain technology are not currency, although they are called currency. Under the guise of digital currency investment, it is a Ponzi scheme. Even some of them don't even have blockchain technology, which is just a fake number to cheat people.

7. The future of money is hard to predict, but virtualization and digitization are a big trend. Digital portable, energy saving, environmental protection, fast payment and other advantages are more and more respected and welcomed by people. The rapid development in China is the best example. Of course, the emergence of bitcoin has overturned people's understanding and definition of traditional currency. Bitcoin can solve some problems and shortcomings of legal currency. For example, people are dissatisfied with the devaluation caused by excessive currency issuance, the differentiated services in the traditional financial field, and people's need for privacy. Of course, bitcoin also needs to be acquired, and the cost is high. For example, bitcoin mining needs professional ASIC mining machines. These professional ASIC mining machines are expensive, but people still tend to be like cranes, indicating that bitcoin mining is still profitable. For example, the current price of the famous Avalon III 800g miner is 4.17 bitcoins, about 13000.