Why digital currency with RMB
1、 What is digital currency RMB
with the development of Internet technology, especially blockchain technology, many so-called & lt; virtual currency;, Such as bitcoin and Wright currency, which are controversial in recent years
as a substitute for M0 (cash in circulation, i.e. cash in circulation outside the banking system), the difference between the central bank's digital currency and the virtual currency such as bitcoin is that bitcoin is decentralized, while the digital currency to be launched by the central bank is centralized
the central bank's digital currency is a legal digital currency issued by the central bank based on national credit, which is exactly the same as RMB cash and is equivalent to cash{ RRRRR}
it can be predicted that the era of digital RMB is coming. For commercial banks and other financial institutions, digital currency will lead to more innovations such as digital credit, digital assets and digital liabilities. In addition, the central bank can improve the efficiency of monetary operation monitoring and enrich monetary policy means after the issuance of digital currency
In addition, the issue of central bank's legal digital currency will make it possible to collect real-time data such as money creation, bookkeeping and flow. After data desensitization, it will conct in-depth analysis through big data and other technical means, so as to provide a useful reference for money supply, formulation and implementation of monetary policy, and provide a useful means for economic regulation In the short term, the introction of digital currency has little impact on the exchange rate; Digital RMB & quot; At present, it seems that the aim is to partially digitize the currency in circulation (so there will be zero interest rate compensation, 100% reserve requirement and limited weakening of financial intermediaries, also known as & lt; Disintermediation, Considering China's current capital account restrictions (especially the restrictions on capital outflow), the introction of digital currency is unlikely to have a great impact on the trend of RMB exchange rate in the short termthe development of Sino US relations, portfolio capital flow, yield advantage and valuation are still the driving factors for RMB. Due to the outbreak of the second wave of the epidemic, there was an outflow of funds from the United States. This should also boost market confidence in the RMB in the short term
2、“ Digital RMB & quot; It is a milestone of RMB internationalization; Digital RMB & quot; The design of settlement technology is very complex and becomes ubiquitous (by making full use of the increasing popularity of mobile phones and Internet applications in China and the inclusion of RMB in the IMF's special drawing rights basket), which may promote the internationalization of RMB and the diversification of the current US dollar centered International Monetary System in the long run
conclusion: when the central bank issues digital currency, it focuses more on domestic factors. On the one hand, it is the trend of the times; on the other hand, it has many advantages. And the internationalization of RMB, more often, is a matter of course. The introction of digital currency by the people's Bank of China is a major change in the monetary system, both domestically and internationally
Currencies like foreign exchange, which are called stocks, are acceptable to more people
before the main network goes online, EOS refers to the temporary EOS token based on Ethereum erc20, which will be issued through crowdfunding. Crowdfunding will start at 13:00 UTC on June 26, 2017, lasting for 341 days
crowdfunding will issue 1 billion EOS in total, which is divided into two stages. The first stage is 200 million EOS, which will start from June 26, 2017 to July 1, 2017; In the second stage, the 700 million EOS will be divided into 350 copies for sale, that is, 2 million EOS will be sold every 23 hours. The remaining 100 million EOS will belong to block.one and cannot be traded on the Ethereum network
after the main network of EOS goes online, an additional 5% of EOS will be issued every year, of which 1% will be used to reward block procers and candidate nodes
before the main network is mapped, the existing EOS is based on the temporary EOS token released by Ethereum erc20. When the EOS main network goes online in June this year, these temporary EOS need to be converted into real EOS platform token. This operation is mapping, which is equivalent to directly building a bridge between Ethereum and EOS main network
before the main network line, you need to generate an EOS native currency address of the main chain and associate it with the Ethereum wallet address through a series of operations. Before June 2, you need to transfer the temporary EOS token into Ethereum wallet. Within 23 hours after that, EOS will take a snapshot of the EOS in the wallet and send the EOS platform token to your EOS address in the form of airdrop, 48 hours later, the temporary EOS token on Ethereum was frozen and could not be used. If the main network is not mapped, the temporary EOS token on hand will not be recognized by the main network, that is, the so-called zero without mapping. In the EOS of fire coin exchange, fire coin will help users to do automatic mapping without any operation.
Electronic payment tools based on deposit currency of commercial banks, based on account tight coupling mode, still have great room for improvement in application scenario coverage, inclusive finance, payment efficiency, user privacy protection and anonymous payment
on the other hand, although the utilization rate of cash shows a downward trend, the absolute quantity will also maintain a certain growth, indicating that the digital supply of legal tender in retail has not kept up with the change of demand. Especially in areas where financial services are not fully covered, the public is still highly dependent on cash and has realistic demand and expectation for obtaining and using digital central bank money. In addition, the management cost of cash is high, and there is a risk that it will be used for money laundering and other criminal activities
in addition, encrypted assets and other centralized technologies used to process payment transactions will erode national currency sovereignty, and the pressure of cash digitization is actually increasing. In recent years, bitcoin, global stable currency and other encrypted assets try to play the monetary function, and start a new round of private currency, foreign currency and legal currency game. In response to this situation, it is necessary for the country to use new technologies to digitize M0 to provide a universal base currency for the development of digital economy
extended information:
there is no timetable for the launch of digital RMB
at present, the central bank is steadily promoting the research and development pilot work of digital RMB
Sun Guofeng, director of the Monetary Policy Department of the people's Bank of China, said at the regular policy briefing of the State Council on August 25 that at present, the research and development of digital RMB is following the principle of "steady, safe, controllable, innovative and practical", and concting internal closed pilot tests in Shenzhen, Suzhou, xiong'an, Cheng and the future Winter Olympic Games to test the theoretical reliability, system stability, system stability, and financial stability Function availability, process convenience, scenario applicability and risk controllability Sun Guofeng said that at present, the digital RMB is still in the internal closed pilot test stage. There is no timetable for the official launch of digital RMBplease choose professional safety protection tools after mobile phone poisoning. Can download Tencent mobile phone housekeeper, it can accurately intercept and kill trojan virus, prevent mobile phone poisoning, effectively protect the user's mobile phone security