Virtual currency and the function of traditional currency

1.

1. The essence of interpretation is different:

virtual currency: virtual currency refers to non real currency

currency: currency (CCY) is the medium of purchasing goods and preserving wealth. It is the contract between the owner of property and the market about the right of exchange. In essence, it is the agreement between the owners

2. Different types:

virtual currency: game currency, special currency, etc.

currency: coin, paper currency, deposit currency, etc.

extended data:

formation of virtual currency market:

Internet leads to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered

with the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time

2. The differences between electronic currency and traditional currency are: Security traditional currency: easy to forge, easy to lose and be stolen when carried with you; Electronic currency: the use of modern password technology, limited to legal person use, can avoid repeated use, strong anti-counterfeiting ability, no need to carry, can rece the risk of loss and theft. Anonymity traditional currency: anonymity and untraceability; Electronic currency: digital signature, authentication and other technologies are used to ensure the anonymity and untraceability of payment transactions. Convenience traditional currency: it must be used at fixed time; Electronic currency: the payment process is not limited by time and place, so it is more convenient to use. Cost traditional currency: high cost of issue, transportation and transaction; Electronic currency: no transportation cost, low issue cost and transaction cost. Decomposing traditional currency: not decomposable; Electronic currency: the size of the cash payment unit can be defined by itself and is not limited by the actual cash system.

3. The simultaneous interpreting of virtual currencies is different from traditional money printing. Compared with traditional currencies, virtual currency resources are limited, and the quantity of traditional currencies is limited.

4. At the moment, there is a big difference. I feel that the most common point is that all of them can be used for payment. For example, Dell accepts bitcoin payment to buy computers. Or you can ask Babbitt, where there are more cattle.

5. blockchain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship
in the future, blockchain will be applied in any field and bring great impact on human life. Blockchain technology is regarded as one of the main protocols of the next generation of value Internet. Blockchain technology will be useful in any field of proction and life that lacks trust. From digital currency to securities and financial contracts, health care, games, artificial intelligence, intelligent contracts, Internet of things, identity authentication, asset trading, e-commerce, social communication, file storage and other fields can be widely used
in the aspect of medical treatment
when the blockchain technology is used to save the personal medical records, there will be the historical data of personal medical treatment, which can be understood as the electronic medical records on the blockchain. In the future, there will be data for medical treatment or health planning, and the real master of this data is the patient himself, not the hospital or a third-party organization. In addition, these data have strong privacy, and the use of blockchain technology also helps to protect the privacy of patients
payment system
compared with the existing traditional payment system, blockchain technology can avoid the complex system, directly between the two sides of the transaction, does not involve intermediary institutions, even if part of the network is paralyzed, it will not affect the operation of the whole system. This method has the characteristics of low price, fast speed, and no intermediate fees
banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. Some banks with keen sense of smell in the world have begun to actively plan to join the army of blockchain research and application in order to gain the initiative in the fierce competition in the future
identity authentication of blockchain
blockchain has the feature of being accessible to everyone. Everyone can query the block information in any place with network. The high transparency also makes blockchain full of charm. In the future, ID card and account book are basically not needed, because every identity information can be written into the blockchain. When you need to verify the information, you only need to look it up to find it
election
based on the voting transaction on the blockchain, it can be confirmed that no vote has been modified or deleted, and there will be no improper voting
Real Estate
blockchain technology can change the operation mode of the real estate market. It can combine many complex processes and cases that real estate companies usually deal with, speed up the transaction process, rece fraud, and provide more transparent and secure transactions for each participant. Provides a way to achieve paperless and fast trading needs
securities issuance and trading
the probability of various kinds of errors in general stock and other securities trading is too high, which requires manual correction, thus prolonging the time required for transaction settlement. Through the transaction of distributed ledger, the automation of the whole process can be realized, and the security and efficiency can be improved. The identity and transaction volume of the trading party are recorded on the blockchain in real time, with an open, transparent and traceable system. It is concive to the market maintenance of securities issuers and regulatory authorities, and can rece the occurrence of black box operation and insider trading
in the scenario of relatively closed, multi-party trust problems and carrying value transmission, blockchain has unique technical advantages and also shows unique charm, which has great application imagination space. At the current stage, blockchain is worth exploring in some scenarios.

6. Yes
for example, the current electronic transfer is actually virtual currency
of course, paper money itself is a currency symbol, not a currency
the goods ratio is the general equivalent
nowadays, paper money or virtual currency are all transactions based on national credit or enterprise credit
in these economic activities, virtual currency acts as a measure of value and a means of circulation.

7.

Money has five major functions, which are as follows:

1. Value scale refers to the use of money as a social scale to measure the value of goods. The reason why money has the function of value scale is that money itself has value, Therefore, we can use our own value to measure the value of other commodities

2. Circulation means

refers to the function of money as the medium of exchange between different commodities, that is, the purchase means. The main feature of this function is that it can make the transfer of goods and money complete at the same time in commodity trading

Storage means refers to the function that money withdraws from circulation and is preserved as the general representative of social wealth. The function of storage means of money can spontaneously regulate the total amount of money in circulation

The function of means of payment was born with the emergence of commodity credit trading. In commodity credit trading, money can be used to pay the debts in the trading, and then it is developed to pay government rent, interest, tax, wages and so on

World currency refers to the function of currency acting as a general equivalent in the world market beyond the domestic circulation field. The functions of precious metals as world currency are as follows: as a general means of payment, they are used to pay the balance of international payments; as a general means of purchase, they are used to buy foreign goods, act as the absolute embodiment of wealth, and transfer from one country to another

8.

Consumers pay traditional money to the issuers of electronic money, and the issuers store the equal value of traditional money in electronic devices held by consumers

related introction:

e-money can transfer the balance in the bank through some electronic ways, so that transactions can be carried out. The anti-counterfeiting of traditional currency depends on the specific essence, while the anti-counterfeiting of electronic currency can only be realized by electronic technology, communication technology and encryption or authentication system

extended data

in the field of modern economy, only a small part of the currency field is displayed in the form of real currency, that is, most transactions use checks or electronic currency

As far as the intrinsic commodity value of money is concerned, it is not a choice with or without two breaks, but a process of graal quantitative change. The commodity value of e-money is almost zero, that of paper money is close to zero, that of coins and copper plates is slightly higher, and that of precious metal currencies such as gold and silver is higher

this process of quantitative change reveals the unity of the essence of different forms of money, that is, as the proct of contract, the exchange value of money is agreed by contract. When the market is stable and the trust is high, people accept paper money and other nominal money. When the market is unstable and the trust is low, people tend to accept metal money