The latest knowledge of digital currency
digital currency is characterized by low transaction cost, fast transaction speed and high anonymity
1, low transaction cost
compared with traditional bank transfer, remittance and other ways, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment that provides high handling charges to payment service providers
2. Fast transaction speed
the blockchain technology used in digital currency has the characteristics of decentralization. It does not need any centralized organization similar to the clearing center to process data, and the transaction processing speed is faster
3. High anonymity
in addition to the point-to-point transaction without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote point-to-point payment, and it does not need any trusted third party as intermediary, Both sides of the transaction can complete the transaction in a completely unfamiliar situation without mutual trust, so they have higher anonymity, which can protect the privacy of traders. But at the same time, it also creates convenience for cyber crime, which is easy to be used by money laundering and other criminal activities
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the impact of digital currency:
digital currency is a double-edged sword. On the one hand, the blockchain Technology it relies on realizes decentralization and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular
On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stabilityFrom 2015 to 2017, the price of bitcoin increased from more than $100 to $17000, a 100 fold increase. Today, the market value of various numerical currencies is more than 700 billion US dollars. The myth of their benefits is not nonsense
but there are many things behind the chaotic digital currency. You may ask why air currency can be listed on the stock exchange? It's very simple. The exchange also has to charge a part of the fee. Raise the price and then sell it to make money. So the question is, how to identify air currency
first of all, you need to look at the projects behind the digital currency and see what their team background is. Generally speaking, teams without experience in the instry tend to earn money, but how much experience do they have? It is better to be able to participate in the construction of Ethereum and bitstock communities. Such a team is often more reliable. This requires investors to have a certain screening ability to identify good or bad
secondly, there is no way to implement many projects. How can we identify them? In addition to the ability of the team, we also need to see the feasibility, which requires us to systematically learn the knowledge of bitcoin and blockchain. For example, Zhu Jiawei, the COO of fire coin network, learned the blockchain from 0 to 1, and clearly described the development process of bitcoin and blockchain in the form of audio and text. Besides, don Tapscott and Alex Tapscott's "blockchain revolution" are worthy of careful taste
moreover, the bubble of digital money is very large nowadays. In the bubble, it is not difficult to make money, but the key is not to be greedy. Long term holding is not good, but it can be operated in a short term. You can make money if you want. However, the key is that people are all profit-making and greed is their nature. Therefore, many people do not accept what they see. They originally made money, but later they lost everything. The gain is not worth the loss. Therefore, it is necessary to control greed
Generally, the excellent digital currencies are mostly imported procts, such as bitcoin, Leyte coin, ether coin and so on. However, the domestic Yuanbao coin, Ruitai coin, bitcoin and the tokens of different crowdfunding projects of European crowdfunding are excellent digital currencies
digital currency (English: digital currency) is an alternative currency in the form of electronic currency. At present, no central bank of any government has indicated that it will issue digital currency, and digital currency does not have to have a benchmark currency and a central bank
it 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