Terms of virtual currency to cash
1、 Different definitions:
1. virtual currency:
virtual currency refers to non real currency
digital currency:digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
3. Cryptocurrency:
cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units
4. Token (token):
a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English
Second, the characteristics are different:1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency
2. Digital currency:
is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities
Cryptocurrency:cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system
4. Token (token):
usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods
extended data
at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company
digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability
Blockchain blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism and cryptocurrency algorithm. Is a shared distributed ledger in which transactions are permanently recorded through additional blocks
2, block - block
in the bitcoin network, data will be permanently recorded in the form of files, which we call blocks. A block is a set of records for some or all of the latest bitcoin transactions and is not recorded by other previous blocks
3. Node -- a of the ledger operated by the participants of the blockchain network
Decentralization is a phenomenon or structure, which can only appear or exist in a system with many nodes or in a group with many indivials. The influence between nodes will form nonlinear causality through the network5. Consensus mechanism
consensus mechanism is to complete the verification and confirmation of the transaction in a very short time through the voting of special nodes; For a transaction, if several nodes with unrelated interests can reach a consensus, we can think that the whole network can also reach a consensus
6. POW -- proof of work refers to how much money you get depends on the amount of work you contribute to mining. The better the performance of the computer, the more money you will be given
In POS mode, your "mining" income is directly proportional to your currency age, and has nothing to do with the computing performance of the computer8. Smart contract
smart contract is a kind of computer protocol which aims to spread, verify or execute the contract in an information way. Smart contracts allow trusted transactions without a third party, which are traceable and irreversible
9, time stamp
time stamp refers to the string or encoding information used to identify the recorded time and date. The international standard is ISO 8601
Turing completion refers to the ability of a machine to perform calculations that any other programmable computer can perform DAPP decentralized application is an open source application that runs automatically, stores its data on the blockchain, motivates it in the form of cryptocurrency token, and operates with protocols showing valuable proof Dao, a decentralized autonomous organization, can be regarded as a company that operates without any human intervention and gives all forms of control to a set of unbreakable business rules13. Privatekey - private key
a private key is a string of data that allows you to access a token in a specific wallet. As cryptocurrency, they are hidden except for the owner of the address
14. Publickey -- public key
is paired with private key. The public key can calculate the address of the currency, so it can be used as a certificate to own the address of the currency
15, miner
try to create a block and add it to the computing device or software on the blockchain. In a blockchain network, when a new effective block is created, the system will automatically give the block creator (miner) a certain number of tokens as a reward
16. The mine pool is a fully automatic mining platform, which enables mining machines to contribute their computing power to mine together to create blocks, obtain block rewards, and distribute profits according to the proportion of computing power contribution (that is, mining machines access the mine pool - provide computing power - obtain income)
17, public chain
fully open blockchain, refers to anyone can read, anyone can send transactions and transactions can be effectively confirmed, people all over the world can participate in system maintenance, anyone can read and write data through transactions or mining
18. Private chain
write permission is only for the blockchain of a certain organization or a specific few objects. Read permission can be open to the outside world or restricted to any extent
19, alliance chain
consensus mechanism is a blockchain jointly controlled by several designated institutions
20, side chain
wedged side chains technology, which will realize the transfer of bitcoin and other digital assets between multiple blockchains, which means that users can access the new cryptocurrency system when they use their existing assets
21, cross chain technology
cross chain technology can be understood as a bridge connecting the blockchains, and its main application is to realize atom transaction, asset conversion, information exchange within the blockchain, or solve Oracle problems among the blockchains
22. The hard fork
blockchain has permanent divergence. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks proced by the upgraded nodes, and usually the hard fork will occur
23, soft forking
when the new consensus rules are released, nodes that have not been upgraded will proce illegal blocks because they do not know the new consensus rules, which will lead to temporary forking
24, hash -- hash value
generally translated as "hash", but also directly transliterated as "hash". In short, it is a function that compresses messages of any length to a message digest of a fixed length
25, main chain
the word "main chain" comes from the main network (, relative to the test network), that is, the officially online and independent blockchain network
for those who don't know the "jargon" in the currency circle, let's learn it as soon as possible:
1. What is legal currency legal currency is legal tender, which is issued by the state and the government. It is only guaranteed by the government credit, such as RMB, US dollar and so on 2. What is a token token, usually translated into token. Token is one of the important concepts in blockchain. Its more well-known name is "token". However, in the view of professional "chain circle" people, its more accurate translation is "token", which represents a proof of rights and interests on the blockchain, rather than currency token one is digital proof of rights and interests, which must be in the form of digital certificate of rights and interests, representing a right, an inherent and intrinsic value
3. What is warehouse building
the establishment of a position in a currency circle is also called opening a position, which refers to a trader's new purchase or sale of a certain amount of digital currency
What is Sohasuoha refers to investing all the principal
What is airdrop
airdrop is a very popular marketing method of cryptocurrency. In order to let potential investors and cryptocurrency enthusiasts get token related information, token teams often air drop tokens
6. What is lockup position locking generally refers to investors opening a new position opposite to their original position when the market moves in the opposite direction after the sale and purchase contract, which is also called lock, lock order, or even butterfly double flying doughnut candy is a kind of free digital currency issued to users when all kinds of digital currencies are just issued in ICO. It is a kind of momentum and publicity of the project itself by the issuers of virtual currency projects
breaking refers to falling below, and issuing refers to the issuing price of digital currency. Broken currency circle refers to the price of a digital currency falling below the issue price
What is private placementprivate placement is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for platform operation
What do you think of the K-line diagram
K-line chart is also called candle chart, Japanese line, yin-yang line, bar line, red and black line, etc., commonly referred to as "K-line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle
What is hedging
General hedging refers to two transactions which are related to the market, opposite in direction, equal in quantity and balanced in profit and loss. In the futures contract market, buy the same number of positions with different directions. When the direction is determined, close out the positions in the opposite direction and keep the positive direction to make profits
What is the positionposition is a kind of market agreement, which promises the initial position of the sale and purchase contract, and the buyer is long and in the expected position; The selling contract is short and in the expected position
What are the advantagesgood news: refers to the news that the currency gets the attention of the mainstream media, or a breakthrough in the application of a technology, which is concive to stimulating the price rise
14. What is bad news
bad news: news that causes the price of bitcoin to fall, such as technical problems of bitcoin, central bank's crackdown, etc
What is reboundthe phenomenon of currency price rising e to rapid decline in the downward trend. The recovery is less than the decline
What is leverage
leverage trading, as the name suggests, is to use small amount of funds to invest several times the original amount, in order to obtain multiple returns or losses relative to the fluctuations of the investment object
there are also virtual currencies, such as Q currency. These are virtual currencies, purchased directly in cash
in short, digital currency is an electronic currency that can replace currency. At present, digital currency is not regulated, there is no endorsement of national credit, and it is not issued by central banks or authorities, but it is used by members in specific virtual communities, such as bitcoin.
bitcoin home.com once broke out spark entertainment bitcoin scam and Porter coin scam. Their MLM model is the same, and there is no new idea, the use of our greedy psychology. There is no pie in the sky for no reason
if you are interested in virtual currency, buy some bitcoin to play with, and have a serious understanding of bitcoin.
Momo coin can be purchased from Momo expression store for cherry meatballs, D childe, Momo Da, 2b life of Xiaoming and other funny expressions. In addition, Momo coin can also be used to purchase Momo's member services, including exclusive member ID, personalized information page, chat information synchronization, etc.
in theory, bitcoin, Ruitai, Laite and other digital cryptocurrencies can be used as either a currency or a payment system. However, e to the influence of laws and policies of various countries, they can not work in reality. Of course, there may be hope for circulation in the future.
but you can sell it. If you can't find someone to ask for it, go to those QB stores and offer it at a low price.
otherwise, it's troublesome for you to sell something on the Internet.
if you have more, you can open a shop on the Internet. After all, it has no reputation. If your price is not very low, few people will buy it.
then you can try your luck through the intermediary websites in various places, There are all kinds of things sold above. They are all local transactions. It's safer
there are also websites that buy and sell game equipment,
but the ones on the Internet are not very reliable
that's all I can say. Please refer to it yourself.