Virtual currency manufacturing
bitcoin is a mathematical formula algorithm
anyone can make it if possible
take chestnut for example: mathematical formula 1 + 1 = 2, Zhang San can write, Wang Mazi can write, you can write
if you get or make an algorithm similar to bitcoin and modify the relevant parameters, you can make a similar "bitcoin". You can call it a-coin, c-coin, long Ao Tian coin, Zhao RI Tian coin and so on
as for whether it is legal or not: as a currency, it is certainly illegal. First, the purpose of this algorithm is to decentralize. How hard does a country want to lose the right to issue currency? So it must be a lie to say that virtue day admits the currency status of bitcoin. Bit2: people all over the world are constantly creating new wealth every day, but the number of bitcoins is only 21 million, which can not perform the function of currency and so on. So far, no country in the world has taken bitcoin as legal tender<
at present, his status in the world is just like game equipment, software and so on,
to put it bluntly, it is a virtual commodity.
Virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies
virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software
extended data:
real risk
as the proct of e-commerce, virtual currency has begun to play an increasingly 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
fraud
the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players
Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>
impact system
in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies
if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation
reference: network virtual currency
China does not have the first legal virtual currency. At the end of 2013, the central bank and other five ministries and commissions issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and the public can buy and sell it freely on the premise of taking their own risks
other digital confidential currencies are also suitable, such as Laite coin, the ancestor of Shanzhai coin, Fuyuan coin for business points in jewelry instry, dog coin for small reward, etc. But although virtual currency exists legally in our country, it is illegal to cheat under the guise of virtual currency
extended data
as the proct of e-commerce, virtual currency has begun to play an increasingly 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
fraud
the private transactions of online virtual currency have realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints
in addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players. Take Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>
impact system
in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies
if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation
network problems
in addition to direct cash, virtual currency can also be purchased by SMS, internet transfer and fixed telephone recharge. These ways of purchase not only provide convenience for users, but also have many risks
such as embezzlement of telephone recharge and purchase by minors. In addition, virtual currency does not have the anti-counterfeiting technology of real currency. Computer hackers may use its security loopholes to proce counterfeit currency. Relevant personnel of the State Administration for Instry and Commerce said that virtual currency transaction is a business behavior derived from the Internet era, and there are no clear legal provisions to regulate it, and there are no items related to virtual goods transaction in the scope of instrial and commercial registration
but when the virtual property transaction graally employs people, places are fixed, transaction profits are clear, and has the nature of operation, it may involve market order and tax issues. Even game operators have no ability to control. There are a large number of "counterfeit banknote makers" in the network. Take the winger who is mainly engaged in chess and card online games as an example, the purchasing power of his online currency has shrunk by nearly 40% in one year. Many people point out that such inflation will only damage netizens and make them lose confidence in the Internet
reference source : network virtual currency
Every other time, the bitcoin system will generate a random code on the system node. All computers in the Internet can search for this code. Whoever finds this code will generate a block and get a bitcoin. This process is often called mining
at present, one bitcoin is divided into eight decimal places based on the current data structure, that is, 0.00000001btc. The smallest unit of bitcoin g by miners is 0.00000001btc
generally speaking, bitcoin is like a gold mountain with a total amount of 21 million gold coins. To get it, players need to use the computing power of the computer to calculate a group of numbers according to the existing algorithms
extended data:
unlike all currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
global financial technology investment and financing scale
in 2017, with the listing trend of financial technology companies as the background, the global financial technology development index (GFI) has repeatedly reached new heights, reaching the highest value of 193 in November and closing at the second highest point 192 in December. The Internet search index rose all the way to 405, up 305% from the benchmark
in 2017, there were at least 649 financing events in the field of global financial technology, an increase of 8% year on year; The total amount of funds involved was about 139.7 billion yuan, an increase of 19% year on year. Among them, there are 328 financing events in China, 101 in the United States and 63 in India. The maximum amount of financing was 9.7 billion yuan, which was obtained by Zhongan online, a Chinese Internet insurance platform
the popularity of online lending and payment runs through the whole year. The former has 134 financing transactions, with a total amount of about 34.4 billion yuan; The latter has 93 financing transactions, with a total amount of about 26.5 billion yuan. Although there were only 23 financing transactions in the whole year, the total amount of funds involved reached 21.7 billion yuan&# 8194;< According to the statistical data of "in-depth research and investment strategic planning analysis report on science and technology financial services" released by foresight Instry Research Institute, the revenue scale of China's financial technology in 2016 was 421.38 billion yuan, up 42.0% year on year. By 2017, China's financial technology revenue reached 654.14 billion yuan, a year-on-year increase of 55.2%. It is estimated that China's financial technology revenue will reach 964.5 billion yuan in 2018, with an average annual compound growth rate of about 32.26% in the next five years (2018-2022). It is estimated that China's financial technology revenue will reach 2951.3 billion yuan in 2022< In the field of network asset management, the growth rate of network asset management market in 2016 exceeded 50%. The scale of China's network asset management exceeds 2.7 trillion yuan. It is estimated that China's network asset management will exceed 6 trillion yuan by 2020
analysis of the development trend of China's financial technology
1. Financial technology conforms to the development trend of the financial instry
since 2016, the growth rate of the number of Internet users in China has slowed down, the demographic dividend of the Internet instry has graally disappeared, and the era of Internet Finance relying on the rapid growth of user scale has come to an end. When the Internet financial enterprises from blindly pursuing the number of users to looking for the promotion factors of instry development, the importance of science and technology is found by more financial practitioners. Moreover, with the deepening of financial transformation by financial technology, the proction system of China's traditional financial institutions is moving from a closed system to an open system, and the boundary of finance is constantly widened. Therefore, many financial technology enterprises, with their specialization, verticality and understanding of customers and markets, begin to intervene in the financial system of traditional financial institutions, Become a major player in the financial sector
2. The improvement of financial technology infrastructure has promoted the online credit from the 1.0 stage of only using the Internet as a means to obtain customers to the 2.0 stage of Internet whole process management. These infrastructures include: first, payment, the popularization and development of mobile payment infiltrates financial services into various consumption scenarios, and realizes online lending safely and conveniently; Second, credit investigation. The accumulation of big data and the continuous iteration of anti fraud model over the years have improved the accuracy of online big data risk control; Thirdly, blockchain technology helps to break the data island and make the data information of different financial institutions common; Fourth, biometrics. The maturity and development of biometrics technology make online user identification possible
3. Promote the close integration of financial services and user scenarios
in essence, financial technology is a financial innovation driven by new technology, which takes the great progress of cutting-edge information technology as the premise, makes financial services break through the time and space constraints, makes financial functions more scene oriented, and greatly reces the transaction cost of financial services, It makes up for the weakness of the traditional financial system
with the opening up of the financial chain, financial technology will bring all aspects of the chain into its optimization scope, so it will inevitably derive to non-financial fields, such as e-commerce finance, medical and US staging and so on. With the promotion of financial technology, the boundary between finance and consumption is graally blurred. Through biometrics, cloud computing and other technologies, financial technology enterprises closely combine financial services with users' life scenes, and constantly optimize their financial procts and promote consumption by collecting and analyzing the behavior data generated by users' consumption< In 2016, the penetration rate of e-payment users was the highest, followed by network asset management, both of which were more than 60%. Due to the threshold of online credit, the penetration rate of Internet users is only 22.8%. But in fact, the penetration index only counts the users who have real online lending behavior. In addition, there are also a large number of quasi network credit users, and all major network financial giants will extend credit to all their users in advance. Therefore, these quasi credit users are also the target customers of financial technology in serving the network credit instry. In other words, electronic payment and network asset management are users of financial technology in the field of network credit on many levels. To sum up, unlike Internet finance, financial technology is more advanced in the instry, so it can cover a wider customer base.