Digital currency analysis tools

1.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency 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. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

2. Isn't that normal? Small software, of course, is not very reliable. You just like this network know that at the beginning, he could withdraw a dollar. Now, without knowing it, it has been changed to 30. So the operators of software have the right to change. So you can either wait or treat it as a cheater's software. Anyway, it's not realistic. If you want to make money, you should find some big software, which is more reliable. I wish you a happy holiday, good luck, loneliness, longevity and happiness

3. As for the business process and technology of digital asset trading system development, we thought for a long time that 80% of blockchain implementation needs business process changes, and 20% needs to find the technology behind it. In fact, a good project and a good market need the support of a strong technology research and development company. At the same time, you also need to have enough ambition to deal with the bottlenecks in the process of changing the business process. This month, the Hong Kong Securities Regulatory Commission (SFC) issued a new rule on digital assets, including the digital asset portfolio under the supervision of the SFC, and launched a "regulatory sandbox" plan for the digital asset exchange to study whether the digital asset trading platform can be regulated. The exchange development company believes that this news has a clear direction for those in the instry who need to manage digital assets and establish exchanges, and explore the sustainable development of digital assets and blockchain ecosystem. In the instry, doubts about digital assets and blockchain technology have been rising and falling, but the combination of blockchain and various applications has never stopped. Especially in Hong Kong, more market participants believe that this distributed network consensus mechanism is a disruptive technology. In view of the future development of exchanges, the key points of licensing adaptability are very beneficial to the global joint governance of the global market of digital assets. The entry of Wall Street tycoons such as the New York stock exchange means that the main force and "regular army" of professional level are running to enter the market to lay out digital assets, which indicates that bitcoin is more and more valued by professional financial investment institutions, and bitcoin will become more and more popular and be recognized and accepted by more people. The financial instry first embraces blockchain technology. This is mainly e to the high degree of centralization of traditional financial instry. There are a large number of centralized credit intermediaries and information intermediaries in the chain of traditional financial instry, which slow down the operation efficiency of the system and increase the cost of capital flow. Any "exchange" should be a big data company. In essence, it should be a data analysis company. It must know what time and space, what driving force, what transaction frequency, what expectation and what path users obtain information to decide the transaction
the foreign currency trading platform is built, and the blockchain digital currency exchange develops the following trading forms of blockchain exchange: 1. Price limiting transaction: price limiting buy / sell refers to that the user sets the price and quantity of a buy / sell currency, generates a commission order, and the system will automatically match the buy order and sell order in the market, Once the price set by the user is reached, the transaction will be executed automatically according to the priority of price and time. Yuanzhongrui exchange system development 2. Market price trading: market price buying refers to that the user only sets a total amount, generates the order, matches from the beginning of selling to the completion of the total amount. Selling at market price means that the user only sets the total number of currencies to be sold, generates a commission document, and matches it from the beginning of buying to the completion of the total number of currencies transaction. 3. Currency transaction: currency transaction is mainly aimed at the transaction between virtual currency and virtual currency, in which one currency is used as the pricing unit to purchase other currencies. The currency transaction rule is also to complete the matching transaction according to the price priority and time priority. 4. C2C transaction: both sides of the transaction release the transaction information of buying or selling coins on the C2C transaction platform according to the demand. The buyer and the seller complete the transaction offline according to the agreed payment method, and the platform, as an intermediary, charges a certain proportion of the handling fee from each successful transaction. 5. OTC OTC trading: it is a set of platform for offline purchase of digital currency independent of the exchange. Anyone can publish purchase / sale advertisements on the platform. The purchase / sale users can purchase / sell through offline transfer. After the transfer, the platform will transfer the frozen digital currency to the buyer
What are the characteristics of digital currency trading system 1) Digital currency trading system has rich functions, powerful and practical. The unique full interface functions of fast recharge, cash withdrawal, cash charging and cash withdrawal can provide customers with the most convenient means of fund transfer 2) Using the blockchain technology, and in-depth running safe and reliable price limit, market price, plan three transaction modes, a variety of free combination of transaction modes, fully covering the needs of users, using exclusive advanced algorithm to complete the transaction automatically 3) Digital currency trading system platform back office proprietary accounting mechanism to monitor the funds of all users, as well as multi-dimensional exclusive reports, to ensure that the funds are accurate. The so-called development of digital currency trading system can also be called a development project with blockchain technology as the core and other technologies as the auxiliary. You should also understand this sentence. In fact, blockchain technology is the most important technology in the development of trading system 4) Proprietary powerful log management to fully grasp the system state, to ensure the stability and security of the system 5) Digital currency trading system features user-defined settings, free and flexible system configuration and dynamic management of the foreground website, which brings great convenience to the use of the platform 6) Procts can use the existing virtual digital currency in the market, or can be customized according to their own needs, and then issue a variety of different algorithms of virtual digital currency, using the unique hot and cold wallet multiple encryption storage technology to ensure the security of virtual digital currency. Foreign currency exchange platform construction and blockchain digital currency exchange development

4.

in terms of cloth storage and mining, I recommend Heshu hardware wallet and jiajiabao intelligent home miner. The core advantage of the proct is safety

take sum hardware wallet as an example. The advantages of sum hardware wallet are as follows:

1. The private key seed is encrypted layer by layer, physically isolated and never touched the Internet.

firstly, when creating the wallet, the seed password is generated and stored in the local encryption chip, and the 10 bit payment password is required

then, the transaction is made in the wallet. At this time, the user needs to enter the payment password to obtain the private key to digitally sign the transaction, and the transaction is completed. In addition, the private key seed is permanently stored in the chip, which is physically isolated and never touches the Internet. There is no need to worry about my password being stolen by hackers

Second, the bank system verifies the financial level motherboard and encryption chip

uses the bank system to verify the financial level motherboard, and the private key seed is stored in the chip. If the proct is stolen or lost, and destroyed by malicious violence, the chip will trigger a self destruct circuit, and immediately permanently and irrecoverably delete all the information in the area

Third, it supports the withdrawal of global bitcoin ATM, which is convenient and fast

the reason why digital assets attract the attention of many fields in the world is that it is creating a global fast circulation, and the larger the circulation field is, the wider the scope is, and the higher its use value is. The core of digital assets is the medium it acts on among currencies. The Heshu wallet has built-in many mainstream exchanges in the world. It can trade digital assets anytime and anywhere. With one machine in hand, it can walk around the world without worry, and no longer have to worry about exchanging foreign currency

Different from conventional digital wallets, multi signature wallets need the authorization of multiple key holders to transfer digital currency, so the security of multi signature wallets is higher. Ordinary Wallet: a wants to transfer a bitcoin to X. A only needs his signature (using the private key) to complete the transaction. Sum Wallet: if a wants to transfer a bitcoin to x, a multi signature verification is set (at least two signatures of Abc3 indivials are required to transfer the money), then a needs B or C to complete the signature (using the private key) when a wants to transfer the money to X. I hope I can help you. Thank you

5. On the issue of issuing their own digital currency, central banks are always less thunderous. Central banks around the world are considering issuing their own digital currencies to compete with cryptocurrencies such as bitcoin, but they have been unable to do so for a long time

the media's attention to the central bank's digital currency has increased significantly, especially after Zuckerberg testified in Congress on the Libra issue and Christina Lagarde acknowledged the "clear demand" for stable currency at her first media reception as president of the European Central Bank, which seems to have changed the public's view on this matter, Let many people in cryptocurrency community think that cbdcs is in sight<

according to the latest survey report released by the bank for International Settlements, central banks in the past seven years have been investigating this technology and assessing its impact. Of the 63 central banks surveyed, 55 said they were unlikely to issue cbdcs in the next three years, and only one reported that they were "highly likely to issue large-scale cbdcs in the next three to six years."

although the proportion of central banks studying cbdcs is very high, the crux of the problem is that it is mainly theoretical and investigative work. Only five central banks have concted more in-depth research and real project development or experimentation - but that still does not mean that they will necessarily issue cbdcs

through close observation, it is more and more obvious that both Libra recently released by Facebook and the new stable currency assets have had a significant impact on the central bank. Today's situation took hundreds of years to form, but it changed in a few months; Competition, the most terrifying and unfamiliar concept that has never been thought of before and penetrated into the elite society of central banks, is now knocking at the door

it can be said that the solution to the current situation is still unclear. Some people who are familiar with these things even say that they are bluffing. However, in Lagarde's own words, the slow and wait-and-see regulatory approach can no longer meet the needs

1. What is central bank digital currency<

what is the difference between central bank digital currency CBDC and other digital currencies

CBDC is a new form of currency, which is directly issued by the central bank in digital form as legal tender. The current form of legal currency is cash, reserve deposit or balance settlement< There are two main differences between CBDC and other digital currencies (including cryptocurrency and other forms of central bank currency):

1. CBDC has nothing to do with cryptoassets. They're not decentralized, they don't have to be blockchain based, and they're certainly not anonymous, they're not unlicensed, they're not censored< 2. Contrary to the current digital cash, the operation structure of CBDC will be different from other forms of central bank currency. CBDC has more powerful functions. They are programmable, can generate interest, can be cleared in near real time, and have cheaper handling charges and wider openness

when designing CBDC, the speed of central banks is different. Different central banks adopt their own approach. However, in general, there are three problems being explored: whether CBDC should be based on token or account number, whether CBDC should be batch (only open to banks) or retail (open to the public), and whether it should be based on DLT

when CBDC is to be implemented, things will become complicated, and there are many thorny problems to be considered

for example, once CBDC is launched, does it need to cancel cash? Should CBDC carry interest? Should they have face value like cash? Or linked to the total price index? What impact will this have on commercial banks? What about anonymity and privacy? All these questions need to be answered<

2. Motivation for issuing CBDC

in the 2017 staff discussion paper, the Bank of Canada gave six reasons for issuing CBDC in an article entitled "central bank digital currency: motivation and impact":

1. Ensure that the central bank provides sufficient cash to the public, and maintain the seigniorage revenue of the central bank

2, Support non-traditional monetary policy

3. Rece overall risk and improve financial stability

4. Improve payment competitiveness

5. Promote financial inclusiveness

6. Curb criminal activities

looking back at the bank for International Settlements survey we analyzed earlier, payment security and domestic efficiency are selected as the most important motives of the central bank. According to a large number of papers published by the central bank and other large financial institutions, for developed countries, the transformation into a cashless society is the main driving factor, while for developing countries, financial inclusiveness, cost rection and operational efficiency are the main motivation

throughout the rest of the reports and the literature that can be found, the fierce competition brought about by bitcoin and other innovations in the cryptocurrency instry, as well as the clear need for "one step ahead", of course, are not listed as the reasons for issuing CBDC< The advantages and potential risks of CBDC are very low.

if the central bank starts to launch CBDC and succeeds in the end, there are many potential benefits

from a technical point of view, CBDC is much better than the current form of legal currency. They can be tracked better, collect taxes more conveniently, transmit monetary policy better, have better financial inclusiveness, and rece the cost of procing physical currency

the most obvious advantage is that payment is cheaper and faster, whether it is domestic payment or cross-border payment

in addition to the design and implementation problems, a key problem of issuing CBDC is that CBDC may increase the risk of bank operation. However, this only happens when banks promise that their deposits can be converted into CBDC on demand, which is not necessarily the case, according to the Bank of England document

4. Facts on the ground

how far is it from us to see a real CBDC appear in the market? It's hard to estimate, but at present, we can sum up the current situation in one sentence: all talk but no practice

if we put aside the failed digital currencies of Ecuador, Tunisia and Venezuela, we can only do theoretical research, a small amount of experiments, and issue some feasible CBDC issuance announcements supported by the state in the future

the most famous CBDC projects in progress are: e-peso in Uruguay (the project was successfully tested in 2018), DCEP in China, "project Inthanon" in Thailand, e-krona in Sweden (still in the research stage)...

5. The revolution has not yet been successful, and comrades still need to work hard

considering the factors mentioned above, Most of the headlines about CBDC's upcoming release are groundless. All projects scheled to be released this year have been delayed

in fact, there is still a long way to go for the birth of CBDC, and to convince the public, we need more than a statement. Given the current situation, it seems that CBDC and other cryptocurrencies may not affect each other - at least for now.

6. Digital currency does not worry about counterfeit money. If it is paper money, it worries about counterfeit money. I don't worry. I didn't take any money with me.

7. At present, the most popular one should be flush, but there are many advertisement thieves who always ask you to open VIP. There is no free lunch in the world....