The basic function of virtual currency is

1. blockchain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship
in the future, blockchain will be applied in any field and bring great impact on human life. Blockchain technology is regarded as one of the main protocols of the next generation of value Internet. Blockchain technology will be useful in any field of proction and life that lacks trust. From digital currency to securities and financial contracts, health care, games, artificial intelligence, intelligent contracts, Internet of things, identity authentication, asset trading, e-commerce, social communication, file storage and other fields can be widely used
in the aspect of medical treatment
when the blockchain technology is used to save the personal medical records, there will be the historical data of personal medical treatment, which can be understood as the electronic medical records on the blockchain. In the future, there will be data for medical treatment or health planning, and the real master of this data is the patient himself, not the hospital or a third-party organization. In addition, these data have strong privacy, and the use of blockchain technology also helps to protect the privacy of patients
payment system
compared with the existing traditional payment system, blockchain technology can avoid the complex system, directly between the two sides of the transaction, does not involve intermediary institutions, even if part of the network is paralyzed, it will not affect the operation of the whole system. This method has the characteristics of low price, fast speed, and no intermediate fees
banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. Some banks with keen sense of smell in the world have begun to actively plan to join the army of blockchain research and application in order to gain the initiative in the fierce competition in the future
identity authentication of blockchain
blockchain has the feature of being accessible to everyone. Everyone can query the block information in any place with network. The high transparency also makes blockchain full of charm. In the future, ID card and account book are basically not needed, because every identity information can be written into the blockchain. When you need to verify the information, you only need to look it up to find it
election
based on the voting transaction on the blockchain, it can be confirmed that no vote has been modified or deleted, and there will be no improper voting
Real Estate
blockchain technology can change the operation mode of the real estate market. It can combine many complex processes and cases that real estate companies usually deal with, speed up the transaction process, rece fraud, and provide more transparent and secure transactions for each participant. Provides a way to achieve paperless and fast trading needs
securities issuance and trading
the probability of various kinds of errors in general stock and other securities trading is too high, which requires manual correction, thus prolonging the time required for transaction settlement. Through the transaction of distributed ledger, the automation of the whole process can be realized, and the security and efficiency can be improved. The identity and transaction volume of the trading party are recorded on the blockchain in real time, with an open, transparent and traceable system. It is concive to the market maintenance of securities issuers and regulatory authorities, and can rece the occurrence of black box operation and insider trading
in the scenario of relatively closed, multi-party trust problems and carrying value transmission, blockchain has unique technical advantages and also shows unique charm, which has great application imagination space. At the current stage, blockchain is worth exploring in some scenarios.

2.

Value scale: money value scale is the most basic and important function of money, that is, money acts as a scale to show and measure the value of all other commodities. The quantity of commodity value depends on the length of social necessary labor time

Means of circulation: means of circulation refers to the function of money as a medium of exchange in commodity circulation. Before the emergence of money, commodity exchange was the direct exchange of goods, that is, commodity commodity. After the emergence of money, commodity exchange is carried out through money as a medium, namely commodity currency commodity. Here, money plays the role of medium in the exchange of two kinds of commodities and performs the function of circulation means

Storage means: the function of storage means of money is the function of money withdrawing from circulation and being preserved as the general representative of social wealth. As a means of storage, money can spontaneously regulate the amount of money in circulation. When the amount of money needed in circulation decreases, the surplus money will withdraw from circulation; When the amount of money needed in circulation increases, part of the stored money goes into circulation. The money used as a means of storage must be real and valuable gold and silver money. Only gold and silver coins or gold and silver strips can play the role of currency storage

means of payment: means of payment refers to the function of money in the performance of debt settlement. In commodity exchange, the sale of goods can be carried out on credit instead of cash, and cash can be paid after a certain period of time

CCY (currency) is essentially a contract between the owner and the market on the right of exchange, which is essentially an agreement between the owners. I give what I have to the market in exchange for what I need. Money is the agreement in this process, which reflects the economic cooperation between indivials and society

the nature of money contract determines that money can have different forms, such as general equivalent, precious metal money, paper money, electronic money and so on. It can be used as a medium of transaction, storage value, deferred payment standard and accounting unit. Physical currency is a special commodity that serves as an equivalent in the exchange of goods and services. It is the material and symbolic appendage of people's commodity values

it includes not only currency in circulation, especially legal currency, but also various savings deposits. In the field of modern economy, only a small part of the field of currency is displayed in the form of real currency, that is, most transactions use checks or electronic currency

3. Yes
for example, the current electronic transfer is actually virtual currency
of course, paper money itself is a currency symbol, not a currency
the goods ratio is the general equivalent
nowadays, paper money or virtual currency are all transactions based on national credit or enterprise credit
in these economic activities, virtual currency acts as a measure of value and a means of circulation.

4. The functions of money are also different: value scale, means of circulation, means of payment, means of storage and world money. 1. The function of payment means is to pay debts, government rent, interest, taxes, wages, etc. The function of world currency is to buy foreign goods in the world market and pay the balance of payments. The need for real money, as a representative of social wealth, is generated when countries transfer from one country to another. 3. Value scale is the direct embodiment of money as social labor. As a kind of commodity, money itself can be compared with other commodities according to its own standard. At this time, the form of value of commodities is transformed into the form of price, and the form of value of commodities expressed through money is price.

5. Monetary function is the embodiment of the essence of money. Under the condition of developed commodity economy, money has five functions: value scale, circulation means, storage means, payment means and world money. These five functions of currency are graally formed with the development of commodity economy. Among them, value scale and circulation means are the most basic functions of money. Money, as a measure of value, measures whether and how much a commodity has, and then realizes the value of the commodity as a means of circulation
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6. 1. Value scale refers to that money acts as a social scale to measure the value of commodities. The reason why money can perform the function of value measurement is that money itself has value, so it can measure the value of other commodities by its own value.

7.

Value scale and circulation means are the basic functions of money

Value scale is the most basic and important function of money, that is, money acts as a scale to show and measure the value of all other commodities. The quantity of commodity value depends on the length of social necessary labor time

Here, the social necessary labor time is the internal measure of commodity value. But under the condition of commodity economy, the amount of commodity value can not be expressed directly by labor time, but only by currency as the representative of value. It can be seen that money performs the function of value measure, which is actually the external value measure of commodity value

and the value of goods expressed by a certain amount of money is the price of goods. In other words, price is the monetary expression of value. The reason why money can act as a measure of value is that money itself is a commodity and also has value, which can be used to measure the value of other commodities

the function of currency to implement the value scale is realized through the price standard. In order to measure the size of all kinds of commodities, money itself must first determine a unit of measurement, that is, to technically determine a certain weight of gold or silver as a monetary unit, such as Jin, Liang, Qian, Fen, etc. The unit of money that contains the weight of a certain metal is called the price standard

different countries have different monetary units of measurement, so there are different price standards. For example, in the history of our country, "Liang", "baht" and "Wen" became the main monetary units, that is, the price standard. In Britain, the monetary unit is mainly the pound

Price standard is not an independent function of money, but a technical regulation derived from the function of value scale. Although the function of monetary value measure is realized by means of price standard, they are different categories

The difference lies in: as a measure of value, money is the embodiment of value, that is, social labor condensed in commodities, while the price standard is the unit of measurement of money

(Reference: Political Economy). Chief editor: LV Jianjun. (published by Jinan University Press)

2. Means of circulation

means that money acts as a medium of exchange in commodity circulation. Before the emergence of money, commodity exchange was the direct exchange of goods, that is, commodity commodity. After the emergence of money, commodity exchange is carried out through money as a medium, namely commodity currency commodity

here, money plays the role of medium in the exchange relationship between the two commodities, and performs the function of circulation means

As a measure of value,

can be money in concept. As a means of circulation, it must be real money, but not necessarily enough money. This is because money is only a fleeting thing when it is used as a means of circulation. People are concerned about whether it can act as a medium of exchange, but not about its real value

as long as the society recognizes that it can represent a certain amount of money and a certain value. This leads to the possibility that the insufficient value currency can replace the sufficient value currency, and the paper currency can replace the mint as a means of circulation

Relatively speaking, the paper money itself has no value, and only performs the function of circulation means according to the value of gold or silver it represents, that is, representing metal money

As a means of circulation, money, on the one hand, overcomes the difficulty of searching in barter, on the other hand, deepens the internal contradiction of commodity economy. The commodity exchange with money as the medium divides the exchange into two independent behaviors: buying and selling. The disconnection of the two in time and space contains the possibility of crisis

(Reference: Political Economy). Chief editor: LV Jianjun. (published by Jinan University Press)

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extended materials:

other functions of money:

3. Storage means

meaning: storing wealth (the symbol of wealth) is not money in concept, but must be gold and silver bars (such as metal bars, etc.)

The storage function of money is the function of money withdrawing from circulation and being preserved as the general representative of social wealth. As a means of storage, money can spontaneously regulate the amount of money in circulation

when the amount of money needed in circulation decreases, the surplus money will withdraw from circulation; When the amount of money needed in circulation increases, part of the stored money goes into circulation. The money used as a means of storage must be real and valuable gold and silver money. Only gold and silver coins or gold and silver strips can play the role of currency storage

banknotes do not have the function of storage means. Only when the value of paper money remains stable for a long time can people store paper money. The paper money has the function of storage means (in the bank), but does not have the function of storage means

Means of payment means of payment refers to the function of money in the execution of debt settlement. In commodity exchange, the sale of goods can be carried out on credit instead of cash, and cash can be paid after a certain period of time

The Seller becomes the creditor and the buyer becomes the debtor. After the agreed time limit, the buyer pays off the debt to the seller in currency. Here, money plays the role of means of payment. As a means of payment, money was first in the scope of commodity circulation, and then extended to the outside of the field of commodity circulation

Credit sale is actually a kind of lending activity. With the development of credit business, there are various kinds of credit currency, such as time bill, check, bill of exchange, bank voucher, etc. All kinds of credit currencies also play the role of means of payment. At the same time, the debts they represent can offset each other, which greatly reces the amount of money needed in circulation

The means of payment is based on the value scale and circulation means. As money is a measure of value, goods can be exchanged with money; As a means of circulation, money can proce the behavior of buying and selling goods

only with the further development of sales and purchase, will there be the way of selling goods on credit and the function of payment means. In order to pay at maturity, money must be stored. It can be seen that the means of payment must be based on the existence of value scale, circulation means and money storage function

(Reference: Political Economy). Chief editor: LV Jianjun. The meaning of world currency: when money plays a role as a general equivalent in the world market, we call it world currency. As a world currency, it must have full value, be a precious metal block, and play its role according to its actual weight. In fact, it is gold and silver that play the role of world currency. Paper money cannot be used as world currency

function: purchase foreign goods in the world market and pay the balance of payments. The need for real money, as a representative of social wealth, is generated when countries transfer from one country to another

8.

Money has five major functions, which are as follows:

1. Value scale refers to the use of money as a social scale to measure the value of goods. The reason why money has the function of value scale is that money itself has value, Therefore, we can use our own value to measure the value of other commodities

2. Circulation means

refers to the function of money as the medium of exchange between different commodities, that is, the purchase means. The main feature of this function is that it can make the transfer of goods and money complete at the same time in commodity trading

Storage means refers to the function that money withdraws from circulation and is preserved as the general representative of social wealth. The function of storage means of money can spontaneously regulate the total amount of money in circulation

The function of means of payment was born with the emergence of commodity credit trading. In commodity credit trading, money can be used to pay the debts in the trading, and then it is developed to pay government rent, interest, tax, wages and so on

World currency refers to the function of currency acting as a general equivalent in the world market beyond the domestic circulation field. The functions of precious metals as world currency are as follows: as a general means of payment, they are used to pay the balance of international payments; as a general means of purchase, they are used to buy foreign goods, act as the absolute embodiment of wealth, and transfer from one country to another

9.

1. Value scale is a function used to measure and express the value of goods, and is the most basic and important function of money; The value of a commodity expressed in a certain amount of money is the price of the commodity. Value is the basis of price, and price is the monetary expression of value. The function of money as a measure of value is to show it as a variety of prices according to the value of various commodities

for example, one cow is worth two taels of gold, where two taels of gold is the price of one cow

2. Currency is the medium of commodity exchange. In the process of commodity exchange, the seller converts the commodity into money, and then uses money to buy the commodity. Here, money plays the role of medium of exchange and performs the function of means of circulation. The function of currency as a measure of value is the premise of its function as a means of circulation, and the function of currency as a means of circulation is the further development of the function of value measure

for example, if a garment costs 100 yuan and you buy it for 100 yuan, this is the means of circulation

Storage means money is a function stored as an independent form of value and a general representative of social wealth. The reason why money can perform the function of storage means is that it is a general equivalent and can be used to buy all goods, so money storage is necessary

the means of currency execution and storage must be real and valuable currency, so only gold and silver bars or gold and silver coins can perform this function

Under the condition of money as a means of payment, the relationship between the buyer and the seller is not a simple business relationship, but a debt relationship

For example, money is used to pay the deferred payment in the process of buying goods on credit, as well as to pay debts, rent, interest, wages and so on

World currency performs the function of general equivalent in the world market. Due to the occurrence and development of international trade, money circulation goes beyond the scope of a country and plays a role in the world market, so money has the function of world currency

for example, one country directly purchases goods from another country with gold and silver; Balance the balance of international trade, such as paying international debts, paying interest and other unproctive payments, paying war reparations, etc

extended materials:

in the process of the development of human society, people exchange what they can proce with what they need but can't proce (others can proce) according to their own needs and proction capacity. For example, I live on the coast, and I trade salt for food with the landlord who lives inland. This is the initial barter, but I want food and vegetables; You need not only salt, but also vegetables. Graally, we find that vegetables are common things that we need. Vegetables serve as the general equivalent for the time being. That is to say, vegetables are used as the standard to measure other commodities

With the development of human history, wear-resistant, corrosion-resistant and rare precious metals meet the characteristics of general equivalents and graally develop into currency. The original barter is transformed into the process of commodity currency commodity

monetary function refers to the specific embodiment of the essence of money. Under the condition of developed commodity economy, money has five functions: value scale, circulation means, storage means, payment means and world money. These five functions of currency are graally formed with the development of commodity economy

Among them, value scale and circulation means are the most basic functions of money. Money, as a measure of value, measures whether and how much a commodity has, and then realizes the value of the commodity as a means of circulation. With the development of commodity economy, the concrete manifestation of the essence of money graally becomes perfect. Commodity exchange has graally transformed from barter exchange to commodity circulation (i.e. commodity exchange with money as the medium)

source of reference: network monetary function