What virtual currency has Jingdong developed

1.

Background: the financial application of blockchain technology brings high investment value

2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles

1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:

in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost

2. Why can blockchain solve the above pain points:

blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs

3. The application of blockchain technology in the financial field mainly includes the following aspects:

① digital currency

among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits

Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost

③ digital bills

④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost

The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology

4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points

in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it

Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall)

In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreement

bitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain

based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network

2. Master node network

the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan

Figure 6: Mining reward model

2. Jingdong does not support virtual currency shopping, but supports Wanda e-commerce general points
Wanda e-commerce general points signed a strategic agreement on points exchange with Jingdong group. Jingdong group has become a strategic point interchange partner of Wanda e-commerce general points in the field of e-commerce. Li Weilong, general manager of Wanda e-commerce general points division, said that the strategic cooperation with Jingdong group will be based on members' points experience. As the mainstream business in the field of e-commerce, Jingdong group has a large number of users and rich online shopping consumer goods. Wanda e-commerce general points and Jingdong join hands to take points as the breakthrough point, which can expand the consumption scene of points, increase user stickiness, and achieve a win-win result for both sides
Li Weilong, general manager of Wanda e-commerce general points division, pointed out: "Wanda e-commerce general points is committed to becoming the largest cross instry and open general points platform in China. To provide members with cross instry integration of scattered points, so that members can integrate and swap the points accumulated everywhere through Wanda e-commerce general points platform, and trade as a more widely circulated virtual currency. This cooperation with Jingdong is also an important step for Wanda e-commerce to expand its points accumulation and consumption channels. "
in the future, Jingdong members can convert Wanda e-commerce general points into Jingdong steel, which can be directly used to offset cash or investment gold and silver, collectibles and some virtual procts when Jingdong is shopping.

3. It's only useful to buy things in Jingdong, and it's only used to offset a little money. There are certain restrictions on things. You can't buy everything. It's useless if you don't buy things
jd.com, a professional comprehensive online shopping mall, sells more than tens of thousands of brands and 40.2 million kinds of goods, including 13 categories of home appliances, mobile phones, computers, mothers and babies, and clothing. Adhering to the concept of customer first, Jingdong sells genuine goods, national joint insurance and machine invoice.

4. Coins are the favorite collection for coin lovers. Although there are a large number of coins in 120 countries, there is not much room for appreciation e to value problems. The coins sold in Jingdong Mall are real. If they want to make a fake, the cost price may be higher than the value of the coins.

5. Jingdong small Treasury docking currency are monetary funds, Jingdong small Treasury docking Harvest Fund Company and Penghua Fund Company. The way to calculate the income of pocket money is as follows: if you save 100000 yuan, the annual income of 7 days is 2.7%, and the monthly average is 2.7% * 100000 = 2700 yuan.

6. Bitcoin as the ancestor of virtual currency can't do it. Do you think GCB can do it? Think about it or not, fake!

7. Er, what's the ghost of someone asking me to operate Jingdong currency? Well, Jingdong currency is a kind of electronic currency. We call it a kind of digital currency, that is, buy and buy, and then pay a dividend

8. Looking for those big shops generally won't be fake, but the appearance of coins may not be very good.