Introduction to the application of virtual currency

1.

"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money

How to understand? In fact, it is very simple that money is the inevitable proct of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currency

What about bitcoin

2. For example, the game currency used in online games, in fact, is recharged with real currency, or the game reward (game equipment or level) you get for spending a lot of time and energy in the game. In a sense, it condenses your labor and forms the income of labor, so when others violate your virtual currency in the game, That is, it constitutes a crime
in the form of game fraud, game account theft, etc

3.

The digital currency wallet is the hardware wallet, which means that the private key of digital assets is stored in a single chip, isolated from the Internet, plug and play. Hardware wallet can't guarantee 100% security. For example, if a geek gets your hardware wallet and doesn't know your private key, it may be cracked by violence. It's just one of the safest storage methods compared to other storage methods

many block chain entrepreneurs at home and abroad are optimistic about the development of this field, so they begin to build more hardware wallets. In the case of the exchange being stolen a lot of money and the software wallet being stolen from time to time, many investors regard the hardware wallet as the last moat

extended information:

whether the hardware wallet is safe

the hardware wallet can not guarantee 100% security. For example, if a geek obtains your hardware wallet, it may be cracked violently even if it doesn't know your hardware wallet immediately. It's just one of the safest storage methods compared to other storage methods

of course, there are exceptions, such as you have unlimited brain power and never forget. It's better to save it anywhere than in your own mind

4.

As a proct of e-commerce, virtual currency is playing a more and more important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers

1. fraud

2. impact on financial system

3. network security problems

   
   

4. solutions

   with the continuous progress of technology, electronic payment (including electronic money) is changing people's payment habits, but also changing people's consumption habits, promoting the expansion of consumer credit. It is necessary to pay close attention to the innovation of the form, the evolution of the nature, the difference of the operation mode and the possible impact on the credit risk and moral hazard of this new thing, and properly supervise it. But the more important thing is to give the market main body corresponding development space, avoid strangling the development vitality of the corresponding business organization in the early stage of market development. Therefore, the best way to treat e-money is to observe its changes and strengthen research. In the face of such remarks as "q-coin impacts the RMB financial market", we need to discuss them in the context of scientific and technological progress. The key to understand the problem is how to design relevant policies and encourage the development of electronic payment instruments such as electronic money, rather than the harm of speculative virtual money and electronic money. We call for strengthening supervision

5. blockchain is a disruptive technology. In the case of Internet supporting the release and digital transmission of information, blockchain can identify property ownership, making it unique and traceable

at the same time, it can provide mutual trust for transactions by using trusted self-executive code, so as to rece uncertainty and promote digital transfer and asset transactions

bitcoin is the most well-known blockchain as an encryption currency that uses blockchain technology to realize alternative payment. Bitcoin is a kind of unlicensed blockchain, also known as public blockchain, which does not restrict the identity of users who consume bitcoin or participate in verifying the authenticity of transfer blocks in the blockchain (an energy intensive process, also known as "mining"). These miners get token, or bitcoin, in return, and given that everyone can view the block (though anonymously), the blockchain itself is somewhat transparent

bitcoin is controversial and banned by many countries e to user anonymity to a large extent. However, it is worth noting that the anonymity and energy use of bitcoin are its own characteristics, not the characteristics of the whole blockchain technology.

6. I went to the fire coin college to have a look. Blockchain technology is the underlying technology of bitcoin. In the early days, not many people paid attention to the underlying technology of bitcoin. However, bitcoin has been running stably for many years without any centralized organization operation and management, and there have been no problems. So many people have noticed that the underlying technology may have a great mechanism, and it can be used not only in bitcoin, but also in many fields. Therefore, bitcoin technology is abstracted, which is called blockchain technology or distributed ledger technology. So from a certain point of view, bitcoin can be regarded as the first application of blockchain, and blockchain is more similar to the underlying technology such as TCP / IP, which will be extended to more and more instries in the future. Hope to adopt!

7. First, e-money has the function of transfer settlement, which is also the most basic function of e-money. In the concept of e-money introced above, it is actually an invisible transfer activity, and this kind of transfer settlement activity can completely replace the cash transfer transaction and rece the cost of paper money in the process of transaction

Second, e-money has the function of saving. As far as the use of e-money is concerned, transfer is the most basic function, and the function of deposit and withdrawal can be perfectly realized. Moreover, the operation steps of deposit and withdrawal business through e-money will be simpler. In addition, the annual interest rate of PM perfect wallet savings is as high as 7%

Third, e-money has the function of exchange, and the function of currency exchange is an essential function at this stage, because once you go out to other places, you have to start currency exchange, and e-money can achieve this function. Different e-currencies will support different businesses and have different payment channels. E-Pay supports the exchange functions of four kinds of e-currencies. PM, advocate, payer and fasapay are the preferred channels for legal currency in many digital currency exchanges

Fourth, e-money has the function of consumer loan, which is very simple, that is, first to make a loan to your bank, and then to achieve the purpose of using money in advance

what is the difference between e-money and virtual money? Both electronic money and virtual money are intangible, and the most important difference between them is the difference of issuers. Electronic money is the electronization of the legal tender, including our common bank cards, Internet banking, electronic cash, and the third party payment developed in recent years, such as Alipay, fortune paid and so on. No matter what form these electronic currencies are and through which institutions they circulate, their original source is the legal money issued by the central bank

however, virtual currency is the electronization of illegal currency, and its original issuer is not the central bank.