Digital currency in blockchain

1. Thank you
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.

2. The two complement each other. In fact, chain and currency are inseparable. Blockchain technology has spawned digital currency, and digital currency has expanded the application of blockchain. At present, the most successful digital currency is bitcoin. If you want to invest, you can open an account at okex bitcoin exchange and buy it with wechat. If you are not clear, please ask at any time

3. Digital currency is an application of blockchain
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.

4. Digital currency is represented by blockchain 1.0, mainly bitcoin; As a virtual currency system, the total amount of bitcoin is limited by network consensus protocol, and no indivial or institution can change or modify the supply and transaction records. Therefore, after years of successful operation of bitcoin network, blockchain is the underlying technology to support the operation of bitcoin, Its essence is a very clever distributed shared ledger and point-to-point value transmission technology. It will have a great potential impact on finance and even all walks of life
blockchain 2.0 technology application represented by smart contract
the era of blockchain 3.0 has come. Behind the operation of all walks of life, we can see the mode of collaborative operation of blockchain. Therefore, blockchain is bound to widely and profoundly change the way of human life, so the whole life service will enter the era of blockchain. In the process of Internet development, blockchain + physical instry, blockchain e-commerce and blockchain community operation can be applied to blockchain technology.

5. If you look closely at these two fields, you will find that they have begun to develop away from each other. Although digital currency is technically inseparable from blockchain, blockchain technology is not limited to digital currency. It is favored by various technical companies in terms of proct traceability, data transparency and distributed consensus. So what impact does the central bank's entry into digital currency have on the blockchain instry, It's not going to change much. At present, the ant gold clothing behind Alipay is the largest patent application company in the global block chain.
what benefits most from this is the domestic currency circle. In 2017, digital currency and related fund-raising activities were banned in China, which is quite negative in the eyes of ordinary people. In fact, the central bank's initiative to explore into cryptocurrency is the recognition of the core concept of digital currency. With this incentive, domestic enterprises will actively enter the instry and inject fresh blood into the instry, which is the most important
about this, you can see the reports of blockchain media, such as golden finance, coin easy to know column, chain news and so on.

6.

At present, the most successful application of blockchain technology is the digital currency represented by bitcoin, and blockchain also benefits from the deeper development of digital currency

instry insiders said that if a wants to send a bitcoin to B, it first needs to send a transaction request to the blockchain network, provide the addresses of a and B as well as the number of bitcoins sent, and at the same time use the private key to digitally sign the sent information to prove its identity to B. After the information is sent, the miner needs to determine the uniqueness of the transaction, the legitimacy of the address involved in the transaction, the authenticity of the digital signature and the correctness of the number of bitcoins after receiving the information sent by A

after successful verification, the transaction will be added to the block, and each block contains all the transactions in the past ten minutes. Generally speaking, each transaction must be confirmed six times before it can be recognized as a legal transaction on the blockchain. Finally, the block is chained, the transaction is completed, and B receives 1 bitcoin

source: bit110