Global Innovation vision MSD digital currency

1. Here's a brief introction to several mainstream digital currencies to give you a rough idea. After that, I will talk about the specific currency from time to time

bitcoin is the originator of digital currency and the most valuable virtual currency. Because blackmail virus only takes bitcoin, it has entered the public view. The soaring price of bitcoin in 2017 has attracted a large number of investors to enter the digital money market. Because the number is small, it is only 21 million, which has a strong deflationary attribute
of course, I am extremely optimistic about the future of bitcoin. Of course, many people are not optimistic about digital currency. Here, it is most pertinent to quote Krugman's view:
"at least for now, buying bitcoin is still a good investment. But that doesn't mean the experiment was successful. The original intention of establishing a monetary system is not to make those who hold money rich, but to make transactions convenient and benefit the whole economy. And none of these bitcoins came to us. "
reborn currency
a protocol currency issued by reborn, which is the base currency of reborn network. It can circulate in the whole reborn network, with a total amount of 100 billion, and graally decreases with the increase of transactions. Reborn currency is the only common currency in ripple system, which is different from other currencies in ripple system, Ripple labs (formerly known as opencoin) is the operating company of ripple coin
unlike bitcoin, reborn is a kind of transaction protocol, which is called smart contract in technical terms. It supports people to pay in any currency, and does not need a central data exchange center, so the transaction confirmation time of ripple is only 35 seconds, while that of bitcoin is 10-40 minutes

Ethereum
Ethereum is the name of currency used in Ethereum, which is used for payment calculation in Ethereum virtual machine. Ethereum is a blockchain that can be used to deploy decentralized applications. It is an open source computer platform and blockchain platform. At the end of 2013, it was founded by vitalik buterin, a Russian programmer
there is a key difference between the blockchain technologies used by Ethereum and bitcoin. Ethereum's data processing speed is faster than that of bitcoin, because once agreed, Ethereum's system will automatically apply to the terms and conditions in the contract
unlike bitcoin, the value of Ethereum depends on whether the applications on the platform of Ethereum are prosperous or not, just like the price of oil will rise with more machines using oil

bitcoin cash
bitcoin cash is a branch of bitcoin. In order to solve the problem of long transaction time of bitcoin, at 20:20 on August 1, 2017, a small number of mining machines began to use 8m block to start mining, and the transaction confirmation speed was thousands of times faster than that of bitcoin using 1m block
strictly speaking, however, there are different opinions on whether this is a new branch of bitcoin or another kind of "counterfeit currency". But now the offer of bitcoin cash is nearly 20000 yuan, so it's not too much to use it as a kind of "Shanzhai coin" to divide bitcoin traffic

IDA coin, ADA in English, is a proct of Cardano project. The total amount of Aida is 4.5 billion yuan, and 3 billion yuan will participate in the subscription. Among them, 2.5 billion ADA will be used for platform subscription, 500 million for the financial support of the development company's operating company, and 1.5 billion ADA coins will continue to be issued in the form of block awards
Cardano is a project started in 2015 to change the way cryptocurrency is designed and developed. This project is aimed at technical reformers, technical improvements to bitcoin and existing platforms. If bitcoin, Ethereum and other projects have many other shortcomings, Cardano can solve them<

lightcoin
a currency based on bitcoin protocol, but it does not require very high computing power, and it can also be mined by ordinary computer. 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)
for a long time, there has been a voice that "lightcoin will replace bitcoin", which is impossible. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin<

stellar currency
stellar currency, a digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and legal tender. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
star is a diversified team. The board members include Keith rabois, former COO of square, Patrick collison, CEO of stripe, Jackson Palmer, co-founder of dogcoin, and naval Ravikant, co-founder of angellist, who will be the consultant of the project< New economy movement, or NEM, was founded on January 19, 2014. The founder is a mysterious person in bitcointalk.org forum called utopianfuture. The original intention of utopian future was to build a second-generation digital currency NXT. He then realized that NXT's distribution model was unreasonable, so he devoted himself to NEM with egalitarian distribution
as a kind of cryptocurrency, new coin does not need much computing resources to maintain the operation of nodes. The proof of importance (POI) engine of NEM reces the threshold of computing resources to participate in non-traditional blockchain<

dascoin
formerly known as black coin, is a kind of counterfeit currency of bitcoin, which focuses on anonymous function. There are many innovations, such as master node network, fast payment, mixed currency anonymous technology, proposals can vote, and developers have fixed budget support. The core consists of a unique incentive P2P network. Miners are rewarded for maintaining blockchain security; The main node holders are rewarded for verifying transactions, storing data and providing a variety of services
the feature of anonymity meets the needs of some investors for absolute privacy. Although bitcoin is also widely used in money laundering and other illegal transactions e to its anonymity, it is only "pseudo anonymity", and the transaction of bitcoin can still be traced back to the traders themselves.

2. At present, a quarter of the market value of the currency is useless
official website https://mymsdspace.com/landing/zh

3. At present, the mainstream currencies are bitcoin, Ethereum and ecell, and the future prospects are relatively good.

4. Digital currency is the proct of currency development to a certain stage. The issuance of digital currency is mainly to make transportation more convenient and also concive to the supervision of the economy.

5. The digital currency of the central bank has entered the trial operation stage. This means that the Central Bank of China will become the first central bank in the world to issue digital currency and carry out practical application
this news attracted the attention of the instry including the author. Digital currency based on blockchain technology is spreading all over the world and is favored by global investors. International financial groups have invested heavily in digital currency to control the future currency control
whoever has the right of currency control will have all the economic rights and will take the lead in the world economy and finance. When the pound became an international currency, Britain was the most powerful country in the world. At that time, British international trade accounted for more than 80% of the world. After World War II, when the US dollar became an international currency, the huge benefits that the United States gained and seized from it need not be said.
then, it is this kind of sovereign currency that promotes economic development, at the same time, it also generates inflation by issuing excess currency, which virtually deprives the global people of their wealth. People have long hated the phenomenon that sovereign countries issue money indiscriminately and stealthily seize people's wealth. This is one of the reasons why bitcoin has aroused social repercussions and recognition
the limitation of bitcoin mining, based on the scientific nature of blockchain technology, decentralized recordable and traceable transparency, get rid of the situation of disorderly issuance of currency by sovereign countries and eradicate the soil of over issuance of currency. This is the reason why financial institutions have studied and invested in blockchain digital currency
in August 2016, the world's four largest banks have started to cooperate in the research and development of a new form of digital currency, which they believe will become the instry standard for clearing and settling financial transactions using blockchain. Blockchain is the technology behind bitcoin
UBS, the first to develop "utility settlement coin", has joined hands with Deutsche Bank, Santander, bny Mellon and ICAP to introce this concept to central banks and strive to put it into commercial use in early 2018
at the same time, the development of private digital currency, including bitcoin, is very rapid. However, in the face of the enthusiasm of financial institutions, technology companies and private investment, it seems that central banks are indifferent
in this case, the people's Bank of China took the lead in China, where bitcoin is the most fiercely hyped. As early as January 2016, the central bank held a seminar on digital currency, and Zhou Xiaochuan personally attended the meeting and delivered a speech
Chinese financial enterprises are also very active in the research of digital currency. At the end of January 2017, more than 40 well-known financial institutions, including Ping An Group, Weizhong bank, Minsheng Bank, China Merchants Bank and Dacheng Fund, jointly established the first China (Shenzhen) fintech digital currency union and China (Shenzhen) fintech Research Institute. Shenzhen is expected to become the first pilot city of digital currency operation in China
at the same time, many bitcoin websites in China's digital currency platform have long been in the vision of the people's Bank of China, and its supervision has never stopped. In this process of supervision, the central bank has learned a lot about the mechanism of bitcoin from it, and the importance of bitcoin to its future development and even the fear of bitcoin have come into being. I often say that the birth of digital currency is likely to change the life of the central bank. Because of the digital currency based on bitcoin blockchain technology, everyone is the currency issuer. In this kind of psychological fear and crisis, the Central Bank of China started ahead of time. The purpose is to control the issuing right of digital currency and maintain the essential function of central bank
as to why the central bank issues digital currency, Sheng Songcheng, counselor of the central bank, said that private digital currency weakens the effectiveness of monetary policy and threatens financial stability, forcing the monetary authorities to start studying the issue of central bank digital currency. By issuing digital currency, the central bank can retain the control of monetary sovereignty and better serve monetary policy, not only to replace the cash flow of paper money. A word tells the truth. It can be seen that the purpose of the central bank's research on digital currency is to maintain the ruler's firm control of monetary power
the Central Bank of China may be different from other countries. In northern Sweden, the central bank will consider a variety of issues, including technical, legal, implementation and security issues, and expects to make a decision on whether to issue an "ekrona" within two years. The purpose is to ban the circulation of physical cash and become the first society to use "digital cash" completely. To be specific, Sweden is basically out of cash. Sweden's cash flow to GDP ratio has fallen from nearly 10% in 1950 to about 1.5%. Local bank branches continue to rece cash processing, and ATMs are scarce. Some stores have stopped accepting cash payments altogether
digital currency is a big concept. Digital currency is the abbreviation of digital currency. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
cryptocurrency refers to the digital currency that does not rely on any physical object and uses cryptographic algorithm. It now refers to the English cryptocurrency (meaning bitcoin digital currency, including bitcoin). For example, bitcoin, lightcoin and bitstock are digital currencies created, distributed and maintained by cryptography and verification technology. The characteristic of cryptocurrency is that it uses peer-to-peer technology and everyone issues it. Cryptocurrency is divided into open mining cryptocurrency (represented by bitcoin) and issuing cryptocurrency
at present, most institutions, including the Central Bank of China, mainly focus on cryptocurrency. It can be seen that the purpose of the Central Bank of China to unify the digital currency is in contradiction with the original intention of the birth of password digital currency. Digital currency may make it impossible for central banks to control at all< In any case, the Central Bank of China has taken a very important step.