The difference between bitcoin and legal currency

1.

1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin

However, some digital currencies have independent issuers

The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency

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 currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of 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

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illegal digital currency

in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life

not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence

therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing

2. These are all virtual currencies, but they have been torn down. They are all scams. They are illegal fund-raising to cheat other people's money.

3. Simply put, it is to buy bitcoin directly in RMB. If you want to experience it, I suggest you go to the okex exchange to have a try. In addition to legal currency transaction, okex also has currency transaction, that is, exchange currency for currency. I'm glad you've accepted my answer

4. 1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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

2. TEDA coin (usdt) is a token launched by tether company, which is based on the stable value currency US dollar (USD). 1 usdt = 1 US dollar. Users can use usdt to exchange 1:1 with USD at any time. Tether company strictly abides by the 1:1 reserve guarantee, that is, for each usdt token issued, its bank account will have a capital guarantee of $1. Users can query funds on the tether platform to ensure transparency

TEDA currency is a virtual currency that links cryptocurrency with legal currency US dollar. Each TEDA coin is symbolically associated with government supported legal tender. TEDA currency is a virtual currency kept in the foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to US $1
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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5. Novices suggest buying bitcoin in the okex legal currency transaction. It's still very fast. I make a long-term fixed investment in bitcoin in okex, and I get it in one minute every time I buy it.

6. Because digital currency is endowed with value, its value is measured by the value of legal currency. At present, although the exchange supports the withdrawal and exchange of digital currency, there are still limitations. Dabit exchange can be said to have further changed the relationship between digital currency and legal currency in a way, making the exchange between digital currency and legal currency faster and more secure without geographical restrictions.

7. Legume government endorsement, bitcoin community consensus, one based on normal execution, one based on Technology (difficult to decompose large numbers)

8. The traditional cryptocurrency trading platform has only legal currency trading, that is, legal currency to digital currency trading. If you want to buy other digital currencies, you can either increase investment and directly recharge the legal currency for purchase; Or exchange the previous digital currency back to legal currency, and then use this fund to purchase other required digital currencies. This kind of exchange method increases the economic and time cost of investors
with the increase of the types of digital currency and the graal expansion of the scope of application, the traditional legal currency trading has been difficult to meet the investment needs of investors, and more investors began to choose the currency trading as the investment mode. As the name suggests, currency transaction is a kind of transaction that can realize the exchange between digital assets. It allows users to invest in digital currency in a more convenient and economical way without increasing investment
in a sense, currency trading can give full play to capital utility. In image, if the decline of currency a and the rise of currency B can be predicted within a certain period of time, investors can make profits from the decline of currency a and the rise of currency B through a / b transaction, so as to improve the investment income. In addition, if the digital money market falls across the board, investors can also rece losses and ensure asset safety through usdt (digital currency linked to the US dollar) trade to trade
on the other hand, e to regulatory factors, some local governments have explicitly prohibited financial institutions from providing banking services for cryptocurrency business, or prohibited the exchange of digital currency into legal currency in the region. In other words, the digital currency to legal currency transaction will not be smooth in some scenarios, and the currency transaction can be used as an alternative for users to choose
therefore, the transaction volume of currency transaction has exceeded that of legal currency transaction. Of course, whether it's recharge buying currency or currency trading, it's a means of investment; The final return on value should be reflected through the exchange of legal currency. Investors can exchange through the exchange of legal currency or C2C trading
currency transaction can directly realize the exchange between digital assets, which is convenient and fast. The economic cost and time cost are relatively low, and there is no need to increase investment. However, the currency transaction does not support the recharge of legal currency. You need to buy the base currency before you can participate in the transaction, which may be a little difficult for beginners

warm tips: the above information is for reference only and does not constitute any investment proposal. Investors should not use such information to replace their independent judgment or make decisions only based on such information, and does not constitute any trading operation
investors should be fully aware of the investment risks, invest prudently, and on the basis of fully understanding and clearly knowing the risks contained in the procts, decide whether to participate in the transaction through their own judgment, and voluntarily bear the relevant risks
response time: December 11, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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9. Traditional blockchain asset transaction is the exchange between blockchain assets and RMB (CNY), and currency transaction is to replace RMB with currency.