Comparison of special currency and competitive currency

1.

1. Litcoin (LTC) is an improved version of digital currency inspired by bitcoin (BTC). It was designed and implemented by a programmer who worked in Google. It was released on November 9, 2011. Lightcoin and bitcoin have the same implementation principle in technology, but the creation and transfer of lightcoin is based on an open source encryption protocol, which is not managed by any central organization

2. Sunshine coin (SSC for short) is sponsored by Liu Chunyang, vice president of Jinhua express delivery Association of Zhejiang Province, instrial entrepreneur and philanthropist of express delivery instry. As a legal person, Zhejiang Dongyang Yueyin Technology Co., Ltd. is registered with the formal instry and Commerce Bureau, with a registered capital of 10 million yuan. With this as the backing and support, the sunshine elite team affiliated to the company launched the first virtual coin sunshine coin

The English name of Vicat is onecoin, which is a kind of Internet virtual currency term created by the government and is suspected of pyramid selling fraud

in 2017, CCTV announced the list of 350 fund pyramid schemes, with Vicat in the list

in May 2018, Zhuzhou County Procuratorate of Hunan Province prosecuted the last four suspects involved in the third batch of the "3.15" Vicat money online pyramid scheme case supervised by the Ministry of public security to the court

4. Amazon coin

Amazon announced in early February 2013 that it is expected to launch Amazon coins in the United States in May 2013. Amazon coins is a new virtual currency that allows U.S. users to buy apps, games and props in the kindle fire. Amazon will provide tens of millions of US dollars of Amazon coins at that time to let users try and consume the apps, games and props in the app on the kindle fire for free

5. Eth is a kind of digital token of Ethereum, which is regarded as "bitcoin version 2.0". It adopts the blockchain technology "Ethereum", which is different from bitcoin. It is an open-source public blockchain platform with intelligent contract results, and a resonance network composed of thousands of computers around the world. Developers need to pay eth to support the application. Like other digital currencies, ether currency can be bought and sold on the trading platform

2. Users can buy bitcoin, and at the same time, they can use computers to do a lot of calculations according to the algorithm to "mine" bitcoin. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. Due to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes. By 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

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3. Now there are about 500 kinds of virtual currencies in the world, such as Wright's coin, Waley's coin, dog's coin, black coin and dark coin, which are so-called counterfeit currency or competitive currency. Most of them are based on bitcoin like algorithm, some of them are slightly adjusted, and generally speaking, they are not innovative. In the process of mutual competition and elimination, one or two or even several of these virtual currencies may rise to become the second virtual currency. But in terms of public acceptance and total currency value, bitcoin is still hard to be expected. After all, bitcoin is the originator of virtual currency. Everything else is a replica, just like the relationship between Coca Cola and Pepsi Cola, very cola and so on. Therefore, the author thinks that in the current framework of several algorithms, the probability of competitive currency replacing bitcoin is very small

4. First: have a soldier like trading discipline and mentality. When investors graally form the concept of trend trading and build the system framework of trend trading, they formally enter the strategy implementation stage. During the trading period, the trading discipline is always the same. Just as new recruits enter the barracks, traders enter the stage of cultivating and forging human nature from the time they open their positions. In this process, it is very important to have the same strict discipline as soldiers. If necessary, it is a more reliable method to make a strict planning process for Discipline execution itself
Second, we should do something in the transaction and not do something. Doing something means doing something meaningful in foreign exchange trading: facing up to one's own trading weakness, training one's executive ability, constantly improving the trading system, and focusing on trading related matters. What you don't mean is: there are many trading opportunities in the foreign exchange market, but there are not many matching and suitable trading opportunities. In the face of the temptation of the rise and fall of the K-line, some people will enter into the state of aimless frequent order making, leading to continuous losses. Therefore, only by following the pace of the market, stepping on the pace of trading, planning and then moving, can it be more likely to achieve trading profits
thirdly, foreign exchange trading is the same as go competition. Participants' trading skills are comparable to chess skills, and their trading mood is comparable to the mood of playing chess. No matter whether we give up the small to save the big between attack and defense, enter the boundary should be slow, or short when the market changes, long when the market is low, the wisdom of go is also of great guiding significance in trading. Therefore, in addition to the study of foreign exchange trading itself, the book on go theory can also be used for reference. One is to exercise mood, and the other is to communicate with each other, which is beneficial to traders.

5. Yes, there are many ways to call bitcoin: encrypted assets, cryptocurrency, blockchain assets, digital assets, virtual currency, virtual currency. Some of them, such as bitcoin, lightcoin and Ethereum, fall into the above categories
Mr. coin Wang is engaged in the development of digital asset blockchain system. If you need to develop a system, you can search "Mr. coin Wang" on the Internet for detailed communication.

6. Yes, bitcoin, which has not yet been legalized in China, will face competition with the digital currency supported by the Chinese government
(1) the purpose of the digital currency issued by the Central Bank of China is to make it easier for the central bank to monitor the flow of funds and manage the use of funds more effectively
(2) in addition, global financial institutions are widely embracing digital currency, among which China is one of the main countries. It is actively exploring and issuing their digital currency, improving the efficiency and transparency of domestic global payment system, so as to curb the outflow of up to US $843 billion annually.

7. The reason why it is called competitive currency is relative to bitcoin. The reason why bitcoin cash is called BCC is that it does not compete with bitcoin for the naming right. However, the naming right of bitcoin does not determine everything. Although BCC is not bitcoin, we should respect BCC's right to compete and the choice of the market and users. If bitcoin does not work hard, it is also possible for Bcc to surpass bitcoin

9. Whether bitcoin will be overtaken by competitive currencies
as an important power of a complete sovereign state, the issuing right of bitcoin will not be given up by the government, which has nothing to do with technological progress and market competition. The generation and flow of decentralized bitcoin is not controlled by the government, which is unforgivable in their eyes.

10. compete