Ethereum TEDA and Wright
BTC, usdt, ETH, BCH, LTC mean respectively:
1, BTC
bitcoin. The concept was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software is designed and released, and the P2P network is built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
2, usdt
TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar, and is a virtual currency kept in foreign exchange reserve account and supported by legal currency
EthEthereum is an open source public blockchain platform with intelligent contract function, which provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether
4. BCH
bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers
at 20:20 on August 1, 2017, bitcoin cash starts mining, and each bitcoin investor's account will have the same amount of bitcoin cash (BCH)
5, LTC
litecoin, abbreviated as LTC, currency symbol: & # 321;; It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
source of reference: network bitcoin
source of reference: network TEDA coin
source of reference: network Ethereum
source of reference: network bitcoin cash
source of reference: network letcoin
source of reference: Network
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it is different from the general equivalent: first, it is proced at different times; The general equivalent comes first and the currency comes second; Second, the general equivalent is not fixed in time, region and material quality, while the currency is fixed by gold and silver
money is a special commodity that acts as a general equivalent, a tool used as a medium of transaction, a storage value and a unit of account, and a material and symbolic appendage of people's commodity values. It includes not only currency in circulation, especially legal currency, but also all kinds of savings deposits. In the field of modern economy, only a small part of the field of currency is shown in the form of real currency, that is, the paper money or coins used in practice, and most transactions use cheques or electronic money. Currency area refers to the circulation and use of a single currency countries or regions
the essence of money at least includes the following aspects: first, money is issued by the state or institutions authorized by the state, which is the proct of the emergence of the state. Before the birth of the state, money can not be proced. Second, the scope of currency issuance is nationwide. Third, the object of money distribution is commodity (I use the concept of commodity here, and I emphasize here that only procts that realize exchange are commodities, and they are not commodities before they are exchanged with currency or other rights and interests.)
different currency areas need to introce the concept of exchange rate when they exchange currencies with each other. In modern economy, money plays a fundamental role. In macroeconomics, money is not only cash, but also cash plus a part of assets.