There are several stages in issuing the new digital currency

1. As early as 2014, the people's Bank of China has set up a special research group to study the central bank's digital currency. Until today, the central bank's digital currency has a real sense of landing. China may become the first economy to issue sovereign digital currency, and 2020 is expected to be the first year of global central bank digital currency

the DCEP issued by the central bank is a digital currency, which is very similar to Alipay and WeChat payment. But it is different from Alipay and WeChat, because it is more like paper money, and the third party can not get the information from both sides of the transaction. It is anonymous and centralization, and the endorsement of the state can be assured.

what is the use of central bank digital currency

from the perspective of the central bank, if the central bank wants to put in funds, it doesn't need these scientific and technological means to trigger conditions, and it could have done it

for users, they have one more option when paying. Users only need to download the central bank's digital currency wallet app, and then associate with their existing bank accounts to exchange the previous banknotes into the corresponding digital currency

for the current mobile payment, users are still accustomed to using Alipay and WeChat to pay. But how to say? Personally, Alipay was originally a professional payment software, but after all these years of development, the Alipay interface is extremely complex, and the user experience is not very friendly.
as for wechat payment, wechat started from social networking at first, and has evolved from professional social software to comprehensive software in recent years. To put it plainly, whether it is Alipay or WeChat, it seems that it has deviated from its original intention. This may bring opportunities to the central bank's digital currency

when will central bank digital currency become popular

according to the bank, considering that the early digital RMB is only limited to the pilot, it will not be issued in large quantities and promoted comprehensively in the short term, and the speed of currency circulation will also maintain a normal level

many people say that digital money has no effect on Alipay. I beg to differ. As Ma Yun said, sometimes it's just a document that beats you. What is the impact of the central bank's digital currency on Alipay? Let's wait and see.

2. It is very clear in the speech of the central bank that the digital currency is M0. What is M0? M0 is cash. We speculate that the basic framework for the central bank to issue digital currency in the future should be a two-tier structure. The core is the database of the central bank, and the periphery is the blockchain of different instries, regions and third parties. Why? Only by using a decentralized system in the second layer can you ensure that the money is controlled by the users themselves and that the digital currency really becomes M0

we speculate that once the central bank issues digital currency in the future, the periphery of the structure must be a decentralized system. At present, blockchain is the best choice

when talking about digital currency, the central bank also mentioned another concept, which is called programmable currency. How to understand? For the computer, it has a certain internal self-control function. Take the early object-oriented language as an example, it requires at least two functions, one is the constructor, the other is the destructor. You have to solve the problem of its creation as well as its extinction

through programming, the central bank can control the whole life cycle of money creation, circulation and withdrawal

in the absence of digital currency and programmable currency, the currency issued by the central bank circulates freely in the society. How to return to the cage in the end? One is the return of derivative currency of commercial banks, the other is the return of basic currency of central bank. The former is controlled by the central bank through deposit reserve and other policies, while the latter is controlled by the tax system. If we go up to programmable digital currency in the future, the central bank will have much more control. Even in circulation, control can be increased. That's why central banks are very interested in blockchain technology.

3.

There are four stages of currency experience:

1, accidental barter

accidental barter refers to the human's initial commodity exchange at the end of the primitive society. It occurs under the extremely accidental situation that both sides of the tribe have surplus procts. At this time, commodity exchange has great contingency, so it is called accidental barter

With the development of proctivity and social division of labor, the frequency of barter has increased, and the types of commodities participating in the exchange have also increased. At this time, commodity exchange is the expanded barter

When the scope of the transaction is expanded and the variety is increased, the exchange of things is very difficult. Even if it can be established, it will cost too much manpower, material resources and time. The low exchange efficiency has seriously hindered the development of commodity proction

Therefore, the general equivalent is a special commodity separated from the commodity world as a unified expression of the value of all other commodities. This is the proct of the development of commodity proction and exchange to a certain stage

The general equivalent is fixed on gold and silver.

the commodity used as the general equivalent is different in different regions and periods, which is not concive to the development of commodity economy objectively. Because gold and silver are rare and easy to be separated and stored, they are graally fixed as general equivalents, and money comes into being

extended data:

money is a fixed commodity separated from commodities and serves as a general equivalent

In essence, money is a contract between the owner and the market about the right of exchange, which is essentially an agreement between the owners. I give what I have to the market in exchange for what I need. Money is the agreement in this process, which reflects the economic cooperation between indivials and society

the nature of money contract determines that money can have different forms, such as general equivalent, precious metal money, paper money, electronic money and so on. It can be used as a medium of transaction, storage value, deferred payment standard and accounting unit

According to issuers, money can be divided into public money (fiat money), private money and regional money (community money). Generally speaking, public money is issued by the government. When it exists, it is generally dominant. Private money and regional currency are issued by non-governmental organizations

According to the classification of materials, people used different goods as money in different historical periods. It can be divided into shell, bead, stick, metal currency (see commodity currency), paper currency and digital currency. In terms of nature, it can be divided into real money and virtual money

reference: network currency

4. There is no established timetable for digital currency
Zhou Xiaochuan pointed out that as legal tender, digital currency must be issued by the central bank. The issue, circulation and transaction of digital currency should follow the idea of integration of traditional currency and digital currency, and implement the same principle of management. That is to say, q-coin and the like are definitely not good
as for whether to use blockchain technology to create digital currency. Zhou Xiaochuan said that the blockchain technology is an optional technology, but so far, the blockchain still occupies too many resources. Whether it is computing resources or storage resources, it can't cope with the current transaction scale, and whether it can be solved in the future depends on it. Zhou Xiaochuan said that in addition to blockchain technology, the digital currency research team of the people's Bank of China has also concted in-depth research on other related technologies involved in digital currency, such as mobile payment, trusted and controllable cloud computing, cryptographic algorithm, security chip, etc
in addition, Zhou Xiaochuan also mentioned that there is a lot of discussion about "51% attack" (assuming that indivials have 51% of the computing speed of the whole network, they can realize double payment, reverse transactions, paralyze the whole network, and completely lose the transfer function). More specifically, compared with the special currency, bitcoin does not need the central bank. Zhou Xiaochuan mentioned that for the digital currency controlled by the central bank, a series of technical means, mechanism design and laws and regulations will be adopted to ensure the security of the digital currency operation system, which is different from the design idea of bitcoin from the beginning
as for the digital currency timetable, Zhou Xiaochuan said that there is no established timetable. The relationship between digital currency and cash will be parallel and graally replaced for quite a long time. For reference.

5. There are too many virtual currencies newly developed in 2016, and I feel that the most innovative one is the vegan alliance network [VTC vegan currency]

vegetarian coin (VTC), English Name: Vegetarian coin. Is the use of: blockchain encryption technology generated by a virtual digital currency unit. Vegetarian currency will be used in the vegetarian instry in the future, mainly through the virtual digital currency into points, forming dividend rights and interests, and to create a centralized business circle, to promote business cooperation and expand the business scope. At present, some large financial, trade, energy and other traditional enterprises at home and abroad are trying to develop this new business model.

6.

is not online yet, but it can be put into use immediately after it is online. The digital currency of CCB a few days ago is actually a test. However, some people say that this warm-up is likely that the digital currency will be issued and used immediately. what is the use of digital currency? Is it the same as WeChat Alipay? In this regard, Wang Jian, chief analyst of Guoxin Securities financial instry, believes that the number of Renminbi and banknotes and coins are RMB cash. Alipay, WeChat payment and so on are just a payment tool. Through these two channels, the balance of personal bank card is still used, or the credit card is being brushed, and the digital Renminbi payment is used. What we spend directly is digital RMB, just like cash

However, I would like to say that although the digital RMB itself is very safe and the central bank's digital currency should also carry out anti money laundering and anti terrorist financing, we should also prevent it from being used for online gambling and any cyber criminal activities

7. It's official that your account is frozen. You must have violated some official regulations. Your mobile phone is bound to your frozen account. Account freezing cannot be unbound. You can only use a new number from a new registered account, which should be noted in the future.