Bank of China developing digital currency

1. No, China has not yet recognized the currency of bitcoin

2. Quartz sand is a very important non-metallic mineral. China is rich in quartz sand resources. According to reliable analysis, only Fengyang quartz sand can be exploited continuously for 100 years. Quartz sand, as we usually say, refers to the sand made by hand. It is the machine-made sand proced by mining large quartzite and crushing, grinding and other processes. It can be used as raw material for molding sand, manufacturing glass and ceramics, and even the main raw material for solar panels.

3. P2P, every wallet node has a store.

4. Your own bitcoin is stored in your own bitcoin address. For example, I play bitcoin in fire coin. My bitcoin is on fire coin, but I also have my own bitcoin address.

5. After the central bank announced the launch of digital currency as soon as possible in January this year, a few days ago, the block chain based digital bill trading platform promoted by the central bank was successfully tested, and the national legal digital currency issued by the central bank has also been put into trial operation on the platform. This means that China may become the first country in the world to issue legal digital currency
although there is no clear and consistent definition of digital currency, it does not hinder the rapid development of digital currency in recent years. Since 2009, the emergence of bitcoin not only subverts our understanding of traditional currency, but also promotes countries and relevant financial institutions to pay more attention to this kind of new currency form based on modern information technology and network technology. The domestic Puyin group is the first to launch the tea standard digital currency Puyin. Puyin is a standard digital currency issued through encryption and digitization of high-quality Tibetan tea assets stored, identified, evaluated and authorized by three parties.