The amount of money in the circulation of digital money

1.

digital currency is a kind of legal tender, which must be issued by the central bank. Both digital gold coin and cryptocurrency belong to digital currency, which is not a network virtual currency, because it is not limited to virtual space, but is often used for real goods and services transactions, such as bitcoin, Wright coin, bitstock, etc. at present, there are thousands of digital currencies issued around the world

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1. Impact on financial infrastructure

the decentralized mechanism of value exchange based on distributed ledger technology has changed the basic settings of gross and net settlement on which financial market infrastructure depends. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases

If digital currency and distributed ledger based technology are widely used, it will bring challenges to the intermediary role of financial system participants, especially banks. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors. Usually, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms

2. The total price of goods is a certain amount. First of all, it's faster than circulation. But it's certain that the circulation times of money will correspondingly rece their currency circulation, which is also that the circulation speed of money is faster than the circulation times

3. It shows that the total amount of this kind of digital currency is relatively large, and the total amount of many digital currencies is as high as 10 billion. The circulation of some MLM coins is not constant and can be increased or split at will. Moreover, there are many different digital currencies in the world, and the number of each digital currency is very considerable
the well-known digital currencies in the currency circle include bitcoin, Ruitai coin, Laite coin, doggy coin, etc.

4. The total amount of money in DCEP is not constant

why

let's take a look at the current definition of DCEP

Digital legal tender

in addition to being different from legal paper money in carrier, it has the same function as paper money: value scale, circulation means, payment means and value storage

this is also the function of paper money

the issuance of DCEP is based on 100% reserve and will circulate with cash currency, that is, M0 issuance

although the central bank's digital currency was slowly launched after the rise of blockchain technology, it is not pure blockchain technology, but only uses some technologies related to blockchain

we all know that the commercial application of block chain technology still faces many problems, such as concurrency, data storage and so on

a country with a large population like ours, if we use blockchain technology in a strict sense, it will not be able to carry it at present<

Wanxiang blockchain analysis:

from the information disclosed by the people's Bank of China, DC / EP does not use the real blockchain like Libra

although digital currency is not a token in the blockchain, it is similar to the token in the blockchain in the key features of non double flower, anonymity, unforgeability, security, transitivity, separability and programmability

therefore, DC / EP still belongs to token paradigm rather than account paradigm

the central bank is responsible for the maintenance of the DC / EP issuance registration subsystem, which is centralized and does not need to run consensus algorithm, so it will not be subject to the performance bottleneck of the blockchain

in DC / EP, blockchain is used to confirm the right registration of digital currency and plays an auxiliary role

each country's base currency issuance is increasing every year

therefore, the central bank's digital currency improves the bearing property of money. Paper money is naturally suitable for the atomic world, and digital currency is more suitable for the consumption scenarios in the bit world

the supply is definitely the same as that of the previous monetary system, increasing every year.

5.

Bitcoin ETF has not been approved by SEC (US Securities Regulatory Commission). The reason for SEC's refusal is that bitcoin's market manipulation and fraud problems

this issue may not be approved until the bitcoin market is mature

6. Digital money does not rece the amount of money in circulation. Digital money only changes the form of money, which is more concive to commodity exchange and can speed up the number of currency circulation, but the amount of money actually needed in circulation has not changed.

7. In the final analysis, e-money is just conceptual money information. It is actually a special information composed of a group of data including the user's identity, password, amount, scope of use, etc., so it can also be called digital money; E-money is the virtualization of the value scale of real money and the function of payment means. It is a kind of money without monetary entity. Electronic currency is a kind of invisible currency based on highly developed electronic technology; It can be used to represent the currency value of various amounts in reality. With the transformation from paper-based economy to digital economy, e-cash will become the mainstream, which can be paid on the Internet or through other electronic communication methods. This kind of currency has no physical form and is the holder's financial credit.
whether electronic currency can be called currency depends on whether electronic currency can independently perform the function of currency. At present, e-money can play the role of payment and settlement, but e-money is only a quasi currency that may perform the function of currency.
e-money can be divided into two types: one is e-cash based on the Internet environment and keeps the binary data representing the value of money in the hard disk of the computer terminal; One is the electronic wallet that keeps the monetary value in the IC card and can be circulated without the bank payment system
therefore, from an economic point of view, the use of e-money can indeed rece the circulation of paper money

8.

K is 100000, M is million

is usually distributed and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form

low transaction cost compared with traditional bank transfer and remittance, 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

extended data:

according to the relationship between digital currency and real economy and real currency, it can be divided into three categories:

one is completely closed, has nothing to do with real economy and can only be used in specific virtual communities, such as magic world gold

Second, it can be purchased in real currency, but can not be converted back to real currency, and can be used to purchase virtual goods and services, such as Facebook credit

Thirdly, it can be exchanged and redeemed with real currency according to a certain ratio, which can purchase both virtual goods and services and real goods and services, such as bitcoin

9. 24h volume refers to the trading volume of the currency within 24 hours. Generally speaking, the larger the trading volume, the more active the transaction, and the stronger the liquidity of the currency.
look at today's volume: