Virtual digital currency ico

1.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

2.

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

3. ICO is actually the instry term of blockchain. It is the abbreviation of initial coin offering. It is the concept of initial public offering (IPO) derived from the stock market. It is the first time that blockchain projects issue tokens to raise bitcoin, Ethereum and other common digital currencies.

4. Bitcoin is a kind of virtual digital currency proposed by Nakamoto in 2009. It is characterized by no centralized issuing institution and a fixed total of 21 million pieces. It is not a one-time issue and needs to be proced by miners. Due to the decentralized structure, trust needs to rely on cryptography and consensus mechanism technology to achieve
blockchain is a general technology derived from bitcoin. It implements a decentralized database model. Bitcoin can be called blockchain 1.0 because it has no concept of smart contract. The key technologies of blockchain include cryptography encryption and decryption and consensus mechanism. Blockchain is generally used to combine with specific business logic, which needs to rely on smart contract, which provides an execution mode free from human interference
the IPO of ICO originates from the concept of initial public offering (IPO) in the stock market. It is the behavior of blockchain project to issue token for the first time, raise bitcoin and solve Ethereum and other common digital currencies.

5. ICO is very similar to IPO in form and final result
IPO is the initial public offering of a company. After IPO, the company can go to the securities exchange market for listing. Of course, there are various regulatory enforcement before and after the IPO, and the whole process is completed in reality
the difference of ICO is that the public offering party can be an indivial, a company, a community, or an institution. After the offering, it is listed and traded on the online virtual currency trading platform, such as smart star Witkey, XX eight, XX one proct, etc. the whole process is completed on the Internet
virtual currencies, such as bitcoin and Ethereum, have become fixed currency in circulation on the Internet, such as the US dollar in the real world. Most of the ICO process is not the project party selling its own equity, it should be said that it is the right to use, that is, the expected qualification of the future value of the proct
resources ICO internet post bar

6. It is forbidden in China, but some countries in the world recognize it. For example, Singapore is now the best choice for ICO
from the subject of registration to the later legal services, they are relatively perfect
if you want to know more about it, please look at my name and make a friend

7. The coin circle is about the issuance, trading, speculation and all related activities of digital currency (virtual currency), as well as the indivial users or institutions involved. The common digital currencies are bitcoin, Leyte coin, etc. here bitcoin is the most heard by people, and many people participate in the trading of bitcoin at ordinary times. Bitcoin was proposed by Nakamoto in 2008. The total number of bitcoin is only 21 million, and its issuance does not depend on any organization. With the continuous mining of bitcoin, it will be more difficult to generate bitcoin in the future, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

8. The so-called ICO, also known as the initial public offering of coins, takes bitcoin as the raising object. The project leader issues encrypted tokens to unspecified investors to finance the project. With the growth of beauty, social networking, Baijiu, athletics and other "wonderful" ICO projects, the bitcoin, represented by virtual currency, is also soaring. In April this year, bitcoin started to rise all the way from 6000 yuan. In August alone, bitcoin has set a new high price nine times, rising to 30299.99 yuan<

blockchain has existed as early as ten years ago

fundamentally speaking, the popularity of ICO cannot be separated from the support of bitcoin and other virtual currencies. In the case of "90% of ICO projects are unreliable", no matter what the ICO market is, even bitcoin and other virtual currencies, which are the objects of fund-raising, have been criticized for a long time

9. It's virtual currency

10.

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