The relationship between digital RMB and bitcoin
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 milliondigital 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
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
the natural nature of bitcoin is decentralized, but the Central Bank of digital currency must abide by the centralized management model. Compared with bitcoin, the central bank's digital currency has a higher "currency" value, and the price of bitcoin fluctuates greatly. the central bank's digital currency ensures the payment function in daily life, and has remained relatively stable since 2014. Since the beginning of the year, the central bank has been actively engaged in the research and development of digital currency, including the active application of relevant patents
starting from the issue of digital currency, the central bank uses a two-level operating system, which first converts digital currency into banks or other operating institutions, and then to the public. Mu Changchun said the al transmission system is suitable for China's national conditions. We can not only use the existing resources to mobilize the enthusiasm of commercial banks, but also improve the acceptance of digital currency without any problem
when the economy is stable, it doesn't rise. When the economy is in turmoil, people begin to store digital currency. Of course, it is convenient for some corrupt elements
now the economy is stable, the digital currency is in a bear market, the financial crisis, the crisis, and only when there is a crisis can there be an opportunity. At that time, the rapid growth of bitcoin was the opportunity in the financial crisis. Don't worry, there will be a bull market in digital currency, which is expected to come in the second half of next year
There are two relations between bitcash and bitcoin: bitcash is the bifurcated and competitive currency of bitcoin{ RRRRR}
Second, competitive currency. As the name suggests, they are two competing currencies. It is just like the competition of two kinds of homogeneous goods in the market, competing for market share. In the virtual digital currency market, the market share is so large that more people hold one kind of currency, the number of people holding another kind of currency will be relatively reced, forming a competitive relationship between you and me
in these two relationships, competitive currency is easier to understand, while forked currency is more difficult because it is a technical problem
is the relationship between the two currencies clear now
bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source.
at present, there are not many enterprises developing virtual currency trading software, so there is no specific cost. The development of general software system is mainly limited by the cost of functional requirements. In Yingtang Zhongchuang's blockchain virtual currency trading software development scheme, more is to solve the problem of how to realize the function, and the cost can only be determined after the demand meeting.
According to the overseas edition of the people's daily, on August 21, the relevant person in charge of the people's Bank of China reported in public that the development of the digital currency system was under way, and the "digital RMB era" was coming
it is reported that at the third Yichun forum of 40 people in China finance, Mu Changchun, vice mayor of CCTV payment and settlement department, said that the digital currency Research Institute under the central government started the development of digital currency system as early as 2018
There are essential differences between bitcoin virtual currency and digital currency. Bitcoin and other "virtual currencies" are not money in essence. Unlike legal tender issued by the state and national credit support, the investment of virtual currency is affected by factors such as tightening supervision and technical problems, and its price often rises and falls sharply, which disturbs the domestic market to a great extent, Even the normal order of the global monetary and financial system
from the perspective of currency circulation principle, in order to ensure the orderly operation of the financial system and macro-control, only the state can exercise the highest power of currency issuance. Therefore, the central bank's digital currency is legal digital currency issued by the central bank based on national credit, which is fundamentally different from bitcoin
when it comes to digital RMB, its charm is too great. The reason is convenience. Nowadays, China wants to completely replace all banknotes with digital RMB. In addition to the popularity of mobile payment, people can buy a lot of things with only one mobile phone when they go out. Who doesn't like this kind of operation
the charm of digital RMB is huge:
the main advantage of digital RMB is convenience, but we should not ignore its other advantages, such as the digital RMB is easy to save, and there will be no change can't open and other things, of course, such as losing money and other bad things will not happen, because even if you lose your mobile phone, No one can use your mobile wallet. Payment also needs a password. Not only that, digital RMB can circulate all over the world. With an economy as big as China here, you don't have to worry about the devaluation of digital RMB. As long as you have a digital RMB wallet, you can scan the code to complete payment at any time, We don't need to go to the bank to exchange RMB into US dollars, but it still needs the promotion and development of mobile payment. At present, it still can't. no matter what, digital RMB has great prospects, and the future we are looking forward to is ahead
the future of digital RMB is not worrying, but it will take time:
China has realized the operation of mobile payment covering the whole country, but this does not mean that other countries have also successfully realized it. Many countries are cautious about mobile payment, but generally speaking, China is helping to promote digital RMB, As long as mobile payment is loved by people all over the world, they will subconsciously help the main way of mobile payment & mdash& mdash; With the promotion of digital RMB, the future of digital RMB is not worrying. It just needs time to precipitate. Maybe in the near future, digital RMB will become a global payment method