Specific quantity of digital currency
digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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Generally, the excellent digital currencies are mostly imported procts, such as bitcoin, Leyte coin, ether coin and so on. However, the domestic Yuanbao coin, Ruitai coin, bitcoin and the tokens of different crowdfunding projects of European crowdfunding are excellent digital currencies
digital currency (English: digital currency) is an alternative currency in the form of electronic currency. At present, no central bank of any government has indicated that it will issue digital currency, and digital currency does not have to have a benchmark currency and a central bank
it 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 currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography
the development of this kind of digital currency depends on the quantity. There are more than 30 million digital currencies. Dogcoin is a typical example. Although dogcoin is the digital currency with the second largest number of users in the world after bitcoin, its recent development momentum is not optimistic. The total number of thousand gold cards is only 3 million, but the development momentum is good.
the well-known digital currencies in the currency circle include bitcoin, Ruitai coin, Laite coin, doggy coin, etc.
is it a reliable currency? Just compare it with the mainstream currencies such as bitcoin, Leyte, decent and ether.
why
let's take a look at the current definition of DCEP
Digital legal tender
in addition to being different from legal paper money in carrier, it has the same function as paper money: value scale, circulation means, payment means and value storage
this is also the function of paper money
the issuance of DCEP is based on 100% reserve and will circulate with cash currency, that is, M0 issuance
although the central bank's digital currency was slowly launched after the rise of blockchain technology, it is not pure blockchain technology, but only uses some technologies related to blockchain
we all know that the commercial application of block chain technology still faces many problems, such as concurrency, data storage and so on
a country with a large population like ours, if we use blockchain technology in a strict sense, it will not be able to carry it at present<
Wanxiang blockchain analysis:
from the information disclosed by the people's Bank of China, DC / EP does not use the real blockchain like Libra
although digital currency is not a token in the blockchain, it is similar to the token in the blockchain in the key features of non double flower, anonymity, unforgeability, security, transitivity, separability and programmability
therefore, DC / EP still belongs to token paradigm rather than account paradigm
the central bank is responsible for the maintenance of the DC / EP issuance registration subsystem, which is centralized and does not need to run consensus algorithm, so it will not be subject to the performance bottleneck of the blockchain
in DC / EP, blockchain is used to confirm the right registration of digital currency and plays an auxiliary role
each country's base currency issuance is increasing every year
therefore, the central bank's digital currency improves the bearing property of money. Paper money is naturally suitable for the atomic world, and digital currency is more suitable for the consumption scenarios in the bit world
the supply is definitely the same as that of the previous monetary system, increasing every year.