How to divide the four types of digital currency
digital currency wallet is not classified, it's just a menu . On August 29 this year, China Construction Bank added & lt; Recharge digital wallet; And & lt; Digital currency & quot; Two submenus in fact, the concept of digital currency has been mentioned for several years. Although is just a test, this activity makes people excited. Is it true that the digital currency that they are thinking about will be issued? But just excited soon, I found that the two submenus were offline. In response, CCB said to the media: CCB has carried out relevant function test in the mobile banking system. At present, the test is over. At present, Internet information is the testing content in the process of technology research and development, does not mean that digital RMB is officially released moreover, the digital currency Research Institute of the people's Bank of China has indicated that it can realize the circulation of digital currency between different user clients in the transaction process through technical solutions, generation of new digital currency, cancellation of old digital currency, etc
virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency
in 2013, the central bank, together with five ministries and commissions, issued the notice on preventing the risk of bitcoin, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, not in the form of currency and legal currency< At the same time, digital currency is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationized. Such as Internet banking, WeChat, Alipay and so on pay the popularization of electronic technology, physical cash accounts for only a very small part of the total circulation of money. In spite of this, because the money used in the transaction comes from the bank account, it actually corresponds to the banknotes.
1. Litecoin is similar to bitcoin, which is also an encrypted digital currency, and its price has risen sharply recently. It is a P2P open source digital currency, which can be regarded as a branch of bitcoin. However, although lightcoin is based on bitcoin protocol, it does not require very high computing power. It can also be mined using ordinary computers. Lightcoin's algorithm comes from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems)
2. Namecoin
namecoin is also based on bitcoin, which is another branch of open source. Namecoin is a distributed DNS protocol -- generally speaking, it can transform the website name (such as ifeng. Com) that can be understood by human into the address that can be understood by machine. As its own DNS, this kind of currency can operate outside the normal Internet, so it can break away from the control of ICANN
the monetary value and domain name of namecoin are stored in the user's blockchain records, limiting the total number to 21 million
3. Peercoin
peercoin is a peer-to-peer variant of bitcoin, which can improve mining efficiency and security, and improve safeguard measures to avoid group mining. Now, group mining has been considered as a potential defect of bitcoin. According to the statistics of emerging currencies by coinmarketcap.com, peercoin currently ranks fourth in the market value of digital currencies
4. Primecoin
primecoin is a cryptocurrency similar to bitcoin, but it uses a completely independent mining algorithm. Bitcoin uses the hashcash algorithm, while prime coin uses the long Cunningham chains to create the value of money - a sequence of prime numbers named after mathematician AJC Cunningham
in the process of bitcoin mining, as the amount of money goes on, the difficulty will increase sharply. But prime is different. Every time a primecoin is mined, the mining difficulty will increase slightly, and the process is much more stable< 5. Feathercoin
based on the design of litecoin, released in April 2013, can adjust the mining difficulty more frequently than litecoin. Feathercoin will be updated frequently, adding new features and improvements to eliminate malicious mining behavior
6. Novacoin
another P2P digital cryptocurrency. Novacoin is different from most other currencies in that it integrates a protection mechanism in the currency core, which can identify illegal mining activities
the total number of novacoin is limited to 2 billion, which is considerable. If necessary, the total can be adjusted upward
7, infinitech
published in June 2013. A by-proct of litecain. According to the mining situation and the total amount of money, infinite money can frequently adjust the mining difficulty ratio< Megacoin was only released in the fourth quarter of 2013, imitating bitcoin in the early stage. The total number of megacoin is limited to 42 million, which can be mined like other virtual currencies. Its biggest selling point is brand publicity, which other digital currencies lack< It was released in 2013 and is still in its infancy. In the security part of quarkcoin, nine independent loops are deployed and six different algorithms are used.
2. Shanzhai coin is called Shanzhai coin because it has many similarities with mainstream coin in technical mode. Shanzhai coin also has its own real project, which is based on the underlying technology of blockchain and is implemented according to the plan of its white paper. The common counterfeit coins are EOS and BTM
3. Generally speaking, there is only one white paper that looks very strong. However, in the actual development, there may not be any procts or business landing. People just want to make money. However, the current laws and regulations have no way to take it, using formal means to achieve the goal of money. Hero chain, superstar, space chain and so on Welcome to the previous articles of chain horse: it has dropped from 2.6 yuan to 0.1449 yuan, breaking 18 times in six months, and the routine of air currency can't be prevented)
4. MLM currency, in the name of blockchain, has nothing to do with blockchain. The currency he issued can't be found on the Internet, and it's completely internal control. Usually, people will build their own trading platform, and then the K-line of the coin will always rise, telling investors that our future value will exceed bitcoin.
Generally speaking, blockchain wallet is used to store digital currency. In fact, blockchain wallet does not store digital currency, but a tool to store key (private key and public key). With the key, you can have the right to control the digital currency in the corresponding address, and use the digital currency collection address generated in blockchain wallet, You can accept the digital currency transferred to you by others, and you can also transfer the digital currency you own to others.
classification of digital currency wallets:
can be roughly divided into two categories, hot wallet (online wallet) and cold wallet (offline wallet)
first, hot wallet
Hot wallet is also called online wallet, It includes light wallets and heavy wallets (all node wallets). The wallets that need to be connected to the Internet can be directly traded
1. Light Wallet:
does not store the complete blockchain, only stores the data related to itself. It is small in size and can run on mobile phones, computers, web pages, etc
advantages and disadvantages: it does not occupy memory, supports a variety of digital assets, has a good user experience, is fast for novices, but transaction verification is a little slow
2. HEAVY WALLET (full node wallet)
maintains all blockchain data, completely decentralizes and synchronizes all data. It has better privacy and can verify the validity of transaction data locally
advantages and disadvantages: it has better privacy and faster verification of information, but it needs to synchronize data before each use, takes up a lot of hard disk space, and does not support multiple digital currency transactions
Second, cold wallet
cold wallet is not connected to the Internet, also known as offline wallet; For example, professional hardware devices, or private keys (mnemonics) written on paper
1. Hardware wallet
Hardware wallet is to store digital currency with professional hardware, store the private key of digital assets in a chip, isolate it from the Internet, and plug and play
2. Paper wallet
the advantages and disadvantages of writing the private key on paper and then deleting
cold Wallet:
is relatively safe, but it is very troublesome to create a wallet and trade. It is difficult for novices to operate, and the price of wallets is relatively expensive, generally ranging from thousands to tens of thousands of yuan. If you don't have a large amount of digital assets, you don't need to consider
generally, it's recommended for novices to use light wallet. Light wallet is easy to operate and easy to use. Personal used geekwallet
simple and convenient light wallet supports bitcoin (BTC), lightcoin (LTC), Ethereum (ETH), EOS Storage and management of mainstream digital currency assets such as usdt
using bip44 mnemonics, local private key, off-line signature and other security mechanisms, as well as mobile phone and computer al backup strategy, completely solve the loss of digital currency assets caused by hacker attack, virus infection, mobile phone loss, forgetting mnemonics and other ways, and provide users with online Multi Chain digital assets one-stop management service. The platform also has tiaoshao market, which can carry out token trading of physical assets on the chain
according to the definition of "appearance design", it refers to the new design of proct shape, pattern or their combination, as well as the combination of color, shape and pattern, which is aesthetic and suitable for instrial application
it can be seen that the carrier of modeling must be "proct". If your "coin" is a souvenir or decoration, it should be a proct and can be declared. But if your "coin" belongs to money, it can't.