Innovation and challenge of digital currency and financial manag

1. The traditional electronic payment system is built on the basis of credit, relying on the centralized third-party institutions to complete. digital currency technology such as bitcoin can effectively integrate electronic payment with decentralized system
the monetary property of digital currency has attracted a lot of attention, and the distributed accounting system behind the payment system is undoubtedly a more attractive innovation. In view of the fact that bank deposits and other financial assets are only in pure digital form, this just provides a broader opportunity for distributed accounting system to change the whole financial system
money and payment system are naturally linked. The payment system, the medium of transaction, must be safe and reliable. Any trading system needs an accounting system to record the assets you own in the system
modern payment systems usually use computers to store data. To put it bluntly, the money you deposit in the bank is a series of numbers recorded in the bank account
this article will focus on the recent innovative events in the field of payment, such as bitcoin, a global digital currency, which skillfully integrates the most perfect payment system with the most perfect currency. Users can rely on it to complete the exchange of legal money, commodity trading, purchase services and other activities without the participation of third-party institutions (such as banks). Its innovation lies in that it is not controlled by any centralized banks
bitcoin, the largest digital currency at present, was founded in 2009 and has been supported by thousands of businesses around the world, from pizza to virtual host. Most digital currencies, including bitcoin, have a fixed supply set. This chapter will give a brief introction to its working principle. It will give you a brief introction on how to strengthen the secure payment system with technical means, evaluate the possibility that the old payment system should be replaced by new technology, explain how the distributed accounting system removes many problems in the existing system, and explore new areas where new technology may be applied
many media reported that bitcoin only reported the discussion on its currency property and price. This paper focuses on the revolutionary innovation of the payment system brought by the distributed accounting system of digital currency - the payment system without the participation of any centralized institutions. These innovations can also be expanded in other areas, such as encrypted communications, decision-making, P2P networks
central banks have the responsibility to stabilize their monetary and payment systems to ensure the stable operation of the economy. The recent innovation in payment technology has been related to the topic of "digital currency". Most of the payment systems in today's economies follow the pattern of centuries ago, that is, they use centralized institutions to carry out secured transactions. For example, the Jinpu bank appeared in the 16th century. People can exchange physical gold for gold tickets, which can be used as gold coins or gold coins, but can not be used across banks. With the requirements of social development, there is an increasingly urgent need for an inter-bank payment system, now the practice is a variety of UnionPay organizations
bitcoin, Ruitai coin, Weimeng coin, Laite coin and other digital currencies may disappear in the future, because now it is only a small experiment, but this idea may continue.

2.

At present, there are mainly two regulations about virtual currency in China. In 2013, many ministries and commissions issued the notice on prevention of bitcoin risk, giving important tips on bitcoin risk. On September 4, 2017, the central bank and other seven ministries and commissions jointly announced again that the first token issue was an unauthorized illegal financing

According to Zhao, there are various ways to launder money by using digital currency. For example, technical means may be used to transfer funds into the cryptocurrency system, and then deploy various transfer addresses, making it difficult to query its transaction path. In other words, money laundering promoted by technological progress is more and more difficult to be detected and prevented. In addition, it has cross regional characteristics, and the lack of global response mechanism exacerbates this situation

3. At present, digital currency is not reliable except for some mainstream currencies like bitcoin, so we should invest cautiously. The exchange also tries to choose the top big exchange, but there are also relatively big risks. The market is full of sickles, and they are all looking for leeks. Think twice before you leap.

4. blockchain technology is the basic technology to construct digital currency. From bitcoin blockchain to Ethereum and super ledger, blockchain technology is still in the process of continuous development and improvement, which needs to be based on the actual needs of the central bank's digital currency. At present, Guido team has developed a digital currency technology theory and construction method suitable for China.

5. Digital currency is proced and developed with the development of information technology, which is driven by application practice. The development of digital currency is closely related to the payment environment, and the continuous progress of payment technology will provide a broader space for the evolution and innovation of digital currency.

6.

Do you mean there is no essential difference between digital currency and the existing monetary system? I don't know where to draw this conclusion. At present, the general digital currency mainly includes bitcoin, Ethereum, reborn, Leyte and other virtual currencies. These virtual currencies are very different from the existing monetary system! For example:

1. issuers: the issuers of existing legal tender are national government agencies, generally the central bank. Bitcoin and other digital currencies are issued according to the program encryption algorithm. If we want to say that the issuing subject, even one person can issue them. There is no credibility or coercion

2. credibility. The existing monetary system, that is, legal tender, has the endorsement of national credit, which has more credibility. Bitcoin and other digital currencies rely on algorithms, which are often issued by a community or even indivials, with weak credibility

3. mandatory. The existing monetary system, namely legal tender, is issued by the state and circulates in a country or region according to law. Digital currencies, such as bitcoin, do not have the power to enforce the law

4. volatility. In the current monetary system, there are exchange rate fluctuations in various legal currencies, but they are basically in a relatively stable state. As for bitcoin and other digital currencies, you can look at the market of digital currencies on investing. It can be seen that the price difference of bitcoin even one day is more than 10%, which is obviously unstable

   

7. I've never heard of this kind of digital currency, and now I'm not sure whether it's deceptive or not. However, there are a lot of money in digital currency circle now, so players need to be careful, especially those coins that are not well-known
it is suggested to pay more attention to the mainstream digital currencies such as bitcoin, Leyte coin and dogcoin, as well as the application-oriented digital currencies in China.