Virtual currency is characterized by decentralization and anonym

1.

digital currency is characterized by low transaction cost, fast transaction speed and high anonymity

1, low transaction cost

compared with traditional bank transfer, remittance and other ways, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment that provides high handling charges to payment service providers

2. Fast transaction speed

the blockchain technology used in digital currency has the characteristics of decentralization. It does not need any centralized organization similar to the clearing center to process data, and the transaction processing speed is faster

3. High anonymity

in addition to the point-to-point transaction without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote point-to-point payment, and it does not need any trusted third party as intermediary, Both sides of the transaction can complete the transaction in a completely unfamiliar situation without mutual trust, so they have higher anonymity, which can protect the privacy of traders. But at the same time, it also creates convenience for cyber crime, which is easy to be used by money laundering and other criminal activities

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the impact of digital currency:

digital currency is a double-edged sword. On the one hand, the blockchain Technology it relies on realizes decentralization 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

2.

virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies

virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software

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real risk

as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers

fraud

the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players

Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>

impact system

in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies

if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation

reference: network virtual currency

3. That is, no one can control, not be controlled by the living center of a living group. Therefore, it can not be used as legal tender recognized by the state. There are a group of money speculators who argue that virtual currency will replace paper money every day. It's all bullshit. We must pay attention to investment risks. Now there are many pyramid schemes with virtual digital currency gimmicks to cheat money

4.

The differences between e-money and virtual money are as follows:

1. Electronic money refers to using a certain amount of cash or deposit to exchange from the issuer and obtain data representing the same amount, or through the quick payment service launched by the bank and the third party to transfer the balance in the bank through some electronic ways, so that transactions can be carried out. Strictly speaking, it is a kind of currency that consumers use the bank's Internet banking service to store value and make quick payment to the issuers of electronic currency, and make consumers trade electronically through media (two-dimensional code or hardware equipment)

Virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

The detailed explanation of electronic currency is as follows:

1. Concept: it is an encrypted serial number representing cash, which can be used to represent the currency value of various amounts in reality. With the transformation from paper-based economy to digital economy, e-cash will become the mainstream

2. Features: anonymity, transaction cost saving, transmission cost saving, low holding risk, flexible and convenient payment, anti-counterfeiting and anti repetition, non traceability

There are two kinds of e-cash: one is based on the Internet and keeps the binary data representing the value of money in the hard disk of the computer terminal; One is the electronic wallet that keeps the monetary value in the IC card and can be circulated without the bank payment system

4. Definition: consumers pay traditional money to the issuers of electronic money, and the issuers store the equal value of traditional money in the electronic devices held by consumers in electronic form

5.

(1) Bitcoin was originally a kind of network virtual currency to buy real-life goods

(2) advantages:

< UL >

completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues

anonymity, tax exemption and supervision free

robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally

cross border

it's difficult for the cat to survive

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(3) disadvantages:

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the vulnerability of trading platform

transaction confirmation takes a long time

the price fluctuates greatly

the public did not understand the principle, and the traditional financial practitioners resisted

6. As an almost perfect monetary system, bitcoin has five characteristics different from traditional currency
first, decentralization. Bitcoin is a point-to-point, decentralized digital currency. It does not rely on specific institutions to issue, does not need any government and institutions to carry out credit endorsement, and uses cryptography design to ensure the security of each link< Second, anonymity. You can send and receive bitcoin without providing any personal identity information< Third, scarcity. The total number of bitcoins is limited to 21 million and is expected to be issued in 2140< Fourthly, the transfer cost is low. With bitcoin transfer, no matter how much the amount is, you only need to pay a very low fee. The transfer fee can be set freely. At present, it is recommended to pay 0.0005 bitcoin fee for each transfer< 5. Convenient global circulation. In any country, any intelligent terminal connected to the Internet can carry out bitcoin transfer and transaction
I hope I can help you! Hope to adopt!

7. Bitcoin is a virtual cryptocurrency based on decentralization, peer-to-peer network, consensus initiative, open source, and blockchain as the underlying technology. It was proposed by Nakamoto in 2008 and born in 2009
bitcoin does not have a centralized issuer. It is generated by the calculation of network nodes. It can be bought and sold on any computer connected to the Internet, and has a strong scarcity
Decentralization: bitcoin is the first distributed virtual currency. The whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom

Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

exclusive ownership: private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay

cross platform mining: users can explore the computing power of different hardware on many platforms
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

8. That's not necessarily true. For example, although EOS are decentralized, the proction blocks are centralized clusters

9. This may be caused by a variety of reasons. First of all, as far as I know, Mt. GOx (commonly known as Mentougou), the world's largest bitcoin trading platform at that time, announced before February 10 that the withdrawal of bitcoin had been suspended e to technical problems, and planned to solve the technical problems and resume bitcoin on February 10. However, on February 10, bitcoin did not recover, and the problem of address forking of bitcoin wallet broke out, claiming that it was not only his own problem, but the same problem existed in the whole bitcoin system, which affected the price of bitcoin plummeting for the first time. The Mentougou incident cast a shadow on bitcoin and once plummeted below 2000

however, this has something to do with the wantonly one-sided reports of the media, which has caused excessive panic among bitcoin players and made selling bitcoin popular

the bitcoin mining machine instry is also deeply affected by this incident. At this stage, bitcoin miners are mining at a loss, and the mining machines in the market are also ignored. Take the mainstream Avalon chip in the market as an example. As the price of bitcoin continues to fall, the price of the third generation Avalon chip has been reced from 80 yuan to 14 yuan since it was released. However, with the recovery of bitcoin price, the sales of bitcoin mining machines are booming again.