Virtual currency breaking currency update
China's online virtual currency category:
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game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
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the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
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virtual currency on the Internet, such as bitcoin (BTC), Wright currency (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
warm tips:
1. The above information is for reference only, without any suggestions
2. It is risky to enter the market and investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
the first category is familiar game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the first two types can be regarded as one, which is only a detailed difference in function. Since the end of 2016, the third type of digital currency has quietly entered our life, which refers to the digitization of currency. Digitization doesn't mean scanning. This is just like digital signature. Digital signature does not mean scanning your signature into a digital image, or using the touchpad to obtain the signature, let alone your signature. Digital currency is often mistaken for virtual currency. But virtual currency refers to non real currency. For example, when you play "Three Kingdoms" (game) or "grand Voyage", you have money, which is virtual, that is, the first and second categories we just described. Of course, the virtual money will also have its real value. For example, if you buy her / his account from another player, you can get all the virtual assets of that player, and then it will be much easier for you to continue playing. Virtual money is not necessarily digital. For example, children play games with pebbles as virtual currency
there are also obvious differences between the transaction rules of digital currency and virtual currency. In most cases, the value of digital currency is higher than that of virtual currency, and it needs more strict transaction rules to carry out transactions
the top three currencies of digital currency are BTC eth EOS
this is also a distributed (decentralized) digital currency. Unlike the sha256 mining algorithm used by bitcoin, LTC adopts scrypt algorithm. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory. Each hash is used as the seed of the input, and then it needs a lot of memory to store another pseudo-random sequence to generate the pseudo-random points of the sequence and output the hash value. In the mining of BTC (bitcoin), it is not enough to rely on simple graphics card mining (it takes about ten to dozens of days to dig a BTC with general configuration graphics card). The emergence of various expensive mining machines has raised the threshold for ordinary people to get BTC through mining, while LTC has certain advantages in using PC graphics card mining This passage comes from Zhihu.)
compared with BTC, litecain has made a little improvement in technology. If BTC is gold now, LTC is silver for the time being
the biggest advantage of litecoin is that it can confirm the authenticity faster. The virtual currency is designed and maintained by Charles Lee. Bitcoin transactions need to be verified, and the average verification time is more than 10 minutes. Most transaction websites need 1 hour to verify. The average transaction confirmation time of liteoin is 2.5 minutes. Developers claim that shortening the verification time increases the practicability of virtual currency. The bitcoin mining efficiency of customized machine and AMD GPU is the highest, making it almost unprofitable for miners using CPU mining. Litecain's mining excludes GPUs and custom processors, so it doesn't rely too much on a small number of professional miners
ppcoin
ppcoin (PPC) was released on August 19, 2012, which has improved the original technology of BTC. Use proof of make and add the concept of coin age
ppcoin is a bifurcated project of bitcoin, which aims to achieve energy efficiency and maintain the best performance of the original bitcoin as far as possible. The unit price of ppcoin is US $0.22 and the total currency value is US $4 million
ppcoin does not have a fixed upper limit of money supply, but it does not mean that ppcoin has obvious inflation compared with bitcoin. Bitcoin can be compared to gold. The annual inflation rate of gold is about 1-3%. Although gold has no known upper limit of money supply, we still know that it is a reliable scarce commodity
ppcoin has two types of casting: work certificate and equity certificate. The coinage rate of working proof is affected by Moore's law, which depends on the doubling of our working proof ability. What we all know is that Moore's law will eventually come to an end. By then, the ppcoin of inflation may be close to the gold level. The annual maximum inflation rate of certificate of equity is 1%. At the same time, ppcoin's transaction costs were destroyed to fight inflation. So on the whole, the coin design of ppcoin is still a very low inflation design in the future, which can be comparable with bitcoin<
ppcoin's reward is similar to lottery, which will determine the winning probability according to the number of ppcoin held by miners. Sunny king, one of the founders, said that their design is based on a new concept of long-term energy efficiency
terracoin
terracoin (TRC) was released on October 26, 2012, with a total currency of 42 million. The speed of each block is 2 minutes, slightly faster than LTC. There is not much special in technology, similar to the proction of BTC halved every four years
however, the operation team seems to have a strong business background and may be better than other bitcoins in circulation. The development of virtual currency is getting more and more attention. Now some teams with business background will accelerate the development of virtual currency
namecoin
namecoin is a distributed domain name system based on bitcoin technology. Its principle is the same as bitcoin. The first release date of this open source software is April 18, 2011
namecoin is generated from an original block which is different from bitcoin's main trading block. It uses a new blockchain, which is independent of bitcoin's blockchain. Because it is based on bitcoin, the security, distribution, robustness, encryption and migration of domain names are guaranteed mathematically. You can dig bitcoin and namecoin at the same time
this project was discussed and proposed by bitdns, which is mainly dissatisfied with the defects of DNS. The only top-level domain name of namecoin is. Bit. It costs namecoin to register a. Bit domain name
in addition, Q currency, Shanda currency, starting point currency and various online game currencies are also virtual currencies.
On September 4 last year, the central bank issued a document clearly calling for the suspension of token issuance financing. This kind of financing subject raises so-called "virtual currency" from investors, such as bitcoin and ether coin, through the illegal sale and circulation of token, which has been prohibited in China since then. Now half a year has passed, what is the market situation of virtual currency? CCTV financial channel investigation team concted in-depth reports on this
the following is the whole process record of CCTV's "news survey", edited and sorted by the app of liandede:
still hot money speculator
in January this year, Yang Chao, a virtual currency investor, saw the price rise of bitcoin and raised money for investment, but he lost tens of millions in less than two months
virtual currency investor Yang Chao: I bought bitcoin at 100000 yuan per gram at that time. Then I bought about two million and three million bitcoin at this price. After that, the price of bitcoin began to decline. Then every 10% decline, I made up for it, made up for it, and bought it
In fact, this is not the first time that Yang Chao has fried currency. Before the ban on token issuance financing and trading platforms, his losses had exceeded 2 million. Reluctant Yang Chao believes that the ban on ICO issued by the central bank has no effect on investors like him. However, the result of re-entry is even more disappointing 
the frequent occurrence of air currency and the increase of newly issued tokens by more than 30 times
in the document issued by the central bank in September last year, the issuance and financing of tokens was clearly defined as: "in essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities." However, because of the technical convenience, there are still a large number of domestic "virtual currency" investors buying and selling tokens, and even the situation is getting worse. Why is it so hot
Mao Hongliang, director of the blockchain Research Office of the national Internet financial security technology expert committee: after September, the online digital currency has been much richer than before. For example, the online currencies of fire coin and OK are more than 100, which is even richer. Before September 2017, there were basically three, bitcoin, lightcoin and Ethereum
is increasing in the number of new currencies. Li Xiaolai, known as "the first person of bitcoin in China", admitted that it is impossible to avoid the bubble in the token market. Behind the enthusiasm of investors and the endless emergence of token issuance and financing is the continuous breaking and even direct disappearance of token in the market
Li Xiaolai, a virtual currency Investor: there must be some coins that have been invested that have disappeared, disappeared and become rotten. There must be, and the proportion is still quite large. I'm sorry not to tell you. Who has nothing to say that you see me so stupid. It is obvious that there are bubbles and bubbles, but no one knows where the bubble is. The most dangerous part of p>
in the bubble is the "air coin" which has no solid project support. p>
on January 15, 2018, hero chain, known as the world's first gaming platform supporting digital cryptocurrency, was "broken" when it went online, and its issue price dropped from 0.6 yuan to 0.05 yuan
On March 14, the Public Security Bureau of a county in China filed an investigation on suspected fraud.
in January 2018, the space chain, which focuses on "launching satellites" and building the concept of space operating system, carried out ICO
on January 10, it issued token SPC to private investors, and in just one day, it raised nearly 1 billion yuan.
on March 28, it launched a private placement, On February 1, 2018, the art chain was suspected of false publicity and fell into a coin refund storm. After that, the project side carried out a 1:1 buyback. At present, the website is offline and the founder is missing
There is another important reason for the frequent occurrence of "air currency". Different from other financing projects, the financing subject of token issuance financing does not need to be a real company, just a temporary "team" can become the financing subject. After the central bank banned the issuance of token financing, the original domestic token projects have chosen to move their servers and the registered places of financing entities abroad. The token financing project with the "team" as the main financing body does not even need to move the registered place out, and it can continue to raise money as usualthe celebrity platform ignores the value and falls into the capital game
there is a logic behind the issuance of a large number of different kinds of tokens, that is, each token is a "virtual currency" based on a certain blockchain technology or application. Theoretically, to be optimistic about this token is to be optimistic about the blockchain technology behind it. However, even some air coins, i.e. tokens without any real items behind them, are still accepted by the market in a round of soaring and plummeting market. What's going on
the reporter found that for ordinary investors, in the current pricing of virtual currency, even the token with real entity project support is difficult to price with reference to the IPO project and the valuation of entity project. In the case of completely opaque information, the price of a virtual currency completely depends on the packaging of the project, or even who is responsible for the project. Li Xiaolai often appears in the publicity of some projects and becomes a platform person, including some air projects
experts say that as long as the capital is willing, even if there is no project behind the air currency, there is a possibility that the price will rise sharply. Because of the lack of effective supervision in various countries, capital can easily circle the funds of small investors through the up and down game. This kind of operation is not difficult for a large number of newly issued tokens or small currencies with small total amount of financing in the current market. The risk of the "virtual currency" market is magnified by non disclosure, non transparency, uncertainty of project value and investors' expectation of sudden wealth
Liu Xiaolei, director of the Department of finance, Guanghua School of management, Peking University, and director of the blockchain laboratory: you have no value, but you can still speculate very high. Why is bosha? Although the value is zero, I'm selling it for ten yuan now, and others are willing to buy it for the next twenty yuan. I'm looking for a bigger fool to sell it to him