Token and virtual digital currency

1.

what is digital currency

digital currency can be used to describe all electronic currencies, including virtual currency and cryptocurrency. Digital currency is a kind of electronic currency without any physical form. Because of its functions and inherent attributes, it is the same as the standard illegal fixed currency, and can also be referred to as the network version of cash. Digital currency is invisible. People need to use and hold it through devices that can be connected to a specific network

T1: eth (the first public chain at present, the underlying platform of Shanzhai coin breeding, and in the speculation of eth2.0) EOS (community consensus + DAPP possible explosion + defi can also join + drop out of high cost performance) Zec (anonymous leader)

T2: Yas (UBI concept, low market value, great potential) atom (cosmos, advantage new public chain), XRP (the decline in 2019 has not risen, so the upward space is still very large) Polkadot dot (Boca, the goal is to surpass Ethereum) KSM (Boca pioneer)

T3: Ada (potential) NEO (myth of 1000 times of the last bull market), ont (strong village), Iost (Iost is currently undervalued, DAPP is also in good development)

there are platform coins in the coin circle, corresponding to HT, BNB, MX

2. Their meaning is basically the same. Digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and password currency belong to digital currency. It 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
several characteristics of digital virtual currency
1, decentralization
2, independent e-wallet
3, open source code
4, measurement and issuance
5, negotiable
investment in virtual currency is now very promising

3.

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

4.

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

5.

Bitcoin is a scam

because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end

virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin

extended information:

pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people

bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed

6. Tongcoin.com is a counterfeit currency trading platform
this website supports three kinds of counterfeit currency, but the main transaction is reserve currency. The user base of this platform is very limited, and the market depth is also very low. He can't be compared with Xigu, Yuanbao, jucoin and wancoin.

7. Currency, of course, is used for trading, such as Ethereum and EOS, which is the token circulating on the platform. But at present, digital currency is mainly used for investment. It is suggested to go to large trading platforms. Generally, they will be more strict in putting money on. For example, there are not many currencies on the fire coin Pro online, but it is also much safer.

8. Blockchain is the underlying technology of digital currency, and digital currency is the carrier of blockchain. Therefore, Singapore saiailin agricultural data alliance Co., Ltd. released bgaa, a digital currency with the full name of global agricultural ledger. We join the global agricultural association as an alliance chain, store the agricultural information in the global agricultural ledger bgaa, and form the bgaa token. So as to realize the automatic link of non-human mechanized data, broadcast consensus of the whole network, and achieve the information can not be tampered with
bgaa has not been listed in any exchange and has not been included in any platform, so we should pay attention to the risk of trading

9. Yes, Kunpeng can know the data of digital currency market at any time. And they can integrate the quotation of mainstream exchanges as a platform quotation.