Distinguish whether blockchain encrypts digital currency 6
Encrypted digital assets: encrypted digital currency is not issued by legal tender institutions and is not 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. It is generated by a large number of operations of computer graphics card and CPU, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The design based on cryptography can make the cryptocurrency only be owned by real users
encrypted digital asset is also a kind of gold existing in the network world, which is a kind of encrypted digital currency based on the block chain technology and using the digital encryption principle. In a sense, it has the same circulation function as ordinary currency. Encrypted digital assets apply blockchain technology to the global financial field, which makes consumers all over the world make business investment through encrypted digital assets, and create a new business model of win-win between investors and users, which is a trend for development
virtual currency (enterprise currency) is self issued by companies or private indivials. It can be issued indefinitely, and it does not need to be obtained by solving the equation through the CPU program of computer graphics card. Because it can be issued unlimited according to the market demand, it does not have the value of collection and appreciation. There is no ore pool website, no original code. Price can be manipulated, mostly one-way relationship
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
thank you
to know the difference between them, we need to know the definition of them first
digital currency: short for digiccy, which is the abbreviation of "digital
currency", is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
blockchain: blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database, also known as the trust machine
from the above definition, we can know that blockchain is a technology, and digital currency is a kind of virtual currency
digital currency is not equal to blockchain
many people will understand blockchain as blockchain. Here I want to correct that digital currency is not equal to blockchain. Digital currency is only an application of blockchain, and some digital currencies may not be applied to blockchain technology.
for example, Sunzi asked Li Zi to borrow 100 yuan, but Li Zi was afraid that he would default, so he asked the village head to do notarization and add the account. This is called centralization. But if you don't ask the head of the village, you can shout "I'll lend my grandson 100 yuan! Please put it in the account book. "This is called decentralization. In the past, the village head was highly respected and had a good command of the accounts of the whole village. Everyone kept their money with him. This was the past trust in centralization. Now, everyone is worried that the village head will secretly misappropriate everyone's money. What should we do? So everyone sent an account book to everyone. Anyone who transfers money between them releases information through the loudspeaker. After receiving the information, everyone records the transaction in their own account book. This is called decentralization. With distributed ledgers, it doesn't matter if Lao Zhang or Lao Li's ledgers are lost, because Lao Zhao, Lao Ma and other families have ledgers
digital currency is abbreviation of digital currency. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Blockchain technology service upgrade technology
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 />
blockchain is the core supporting technology of digital cryptocurrency system represented by bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the common high cost, low cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry
taking the tourism instry as an example, blockchain applications mainly focus on tourism travel, tourism community reviews, digital identity management, credit consumption management, tracking pilot's professional certificate and qualification, loyalty plan of hotels and airlines, reservation management and consumption points management. In addition, blockchain also has applications in finance, games, entertainment and other fields.
the difference between digital currency, electronic currency and virtual currency
in fact, digital currency is a kind of indexed RMB, a legal encrypted digital currency and an alternative currency in the form of electronic currency. Digital currency can be divided into two types: non cryptocurrency (e-gold, XRP) and cryptocurrency (bitcoin)
it can not be completely equivalent to the virtual currency in the virtual world, because it is often used for real goods and services transactions, not limited to online games and other virtual spaces. It is different from Alipay and WeChat, and Alipay, WeChat payment and mobile phone banks are all electronic money, not digital money. The popular digital currencies in 2016 include bitcoin, lightcoin, bitstock, etc. At present, there are thousands of digital currencies issued all over the world
virtual currency refers to the non real currency, especially the currency in the network virtual economy. The issuer is not the central bank, and it can only circulate in a specific virtual environment. In the case of the connection between virtual and reality, virtual currency has its real value. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point, roll counting of Shanda company, u-coin meter ticket launched by Sina (used for igome game), chivalrous Yuanbao (used for chivalrous road game), and grain silver (used for bixue Qingtian game). Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency. For example, bitcoin is illegal digital currency
since the beginning of the year, the relevant person in charge of the people's Bank of China has said that the future of mobile payment is bright, and the central bank is actively studying the relevant research results and practical experience at home and abroad to strive for the early issuance of digital currency. At the digital currency seminar of the people's Bank of China held on January 20, the relevant person in charge of the people's Bank of China disclosed that the central bank has set up a special research team since 2014 to conct in-depth research on the digital currency issuance and business operation framework, key technologies, circulation environment, etc., and strive to launch the digital currency issued by the central bank as soon as possible. At present, the research has achieved phased results
what benefits will digital currency bring to our lives
for this problem, the relevant person in charge of the central bank said that if the digital currency is successfully issued, it will bring many conveniences: it can effectively rece the high cost of the issuance and circulation of traditional paper money, and improve the convenience and transparency of economic transaction activities; It can rece money laundering, tax evasion and other illegal and criminal acts, enhance the central bank's control over money supply and money circulation, better support economic and social development, and help the comprehensive realization of Inclusive Finance; It helps to build a new financial infrastructure, further improve the payment system, improve the efficiency of payment and clearing, and promote the upgrading of economic quality and efficiency. More digital currencies can focus on bitMom
asymmetric encryption algorithm is a function that converts the original plaintext file or data into a series of unreadable ciphertext codes by using an encryption key. The encryption process is irreversible. Only holding the corresponding decryption key can the encrypted information be decrypted into readable plaintext. Encryption enables private data to be transmitted through the public network under the condition of low risk, and protects the data from being stolen and read by the third party
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.