Bitcoin delegation encrypts digital currency
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
Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation
development materials:
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definition of digital currency:
digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />

PSTN (public switched telephone network)
is a global voice communication circuit switched network, including commercial and government-owned
includes commercial and government-owned. It also refers to simple old fashioned telephone service (POTS). It is a collection of all circuit switched telephone networks since Alexander Graham Bell invented the telephone. Today, in addition to the final connection between the user and the local switchboard, the PSTN has been fully digitized technically
extended data:
the main components of PSTN network are as follows:
1. Transmission system: cable (cable, optical fiber) is the main, cable and wireless (satellite, ground and radio) are used alternately, and the transmission system transits from PDH to SDH and DWDM
2. Switching system: the switching equipment in the telephone office, the exchange, has been programmed and digitized graally, and the connection process is controlled by computer User system: including telephone, fax and other terminals, and a pair of wires used to connect them with the switch (called user loop). The user terminal has been graally digitized, multimedia and intelligent, and the user loop has been digitized and broadband Signaling system: in order to realize the communication between users, various control signals are provided between exchange offices, which are mainly call establishment and releaseaccess through PSTN:
dial up Internet / Intranet / LAN- Network interconnection between two or more LANs
Although PSTN has some problems in data transmission, it is still an irreplaceable networking medium (Technology). In particular, the application of xDSL technology and procts invented by Bellcore, which is based on PSTN, expands the development and application space of PSTN, making the networking speed between 9mbps and 52mbpsfirst of all, bitcoin does have a lot of innovations and is a good concept stock. The blockchain derived from bitcoin is also a very reliable technology, and now it is an outlet. There are a lot of counterfeit currencies developed based on bitcoin model, including some application-oriented digital currencies, such as Ruitai currency and vitality currency
secondly, bitcoin can really exist as an excellent payment method, but it also has many disadvantages
of course, the popularity of bitcoin cannot be separated from speculation. For now, bitcoin is still in the stage of speculation.
