Credit endorsement of digital currency
however, the digital currency that the central bank plans to issue has the monetary attribute and has the credit endorsement of the central bank. The central bank's version of digital money will first be applied to the bill market. It is still difficult for the central bank to popularize the digital currency in China, because the degree of economic development is different across the country
at the same time, there are some applied digital currencies in China. For example, the Puyin digital currency launched by Puyin group is a standard digital currency with credit endorsement of related tea assets.
as far as I know, there is a big difference between the use of digital currency and traditional paper currency. The purpose is the same, but the technology, security and application are different. The simplest difference is that one is printed on paper, and the other is printed on the blockchain information system in digital form 
there are two simple understandings: currency digital currency is in the form of e-wallet, and RMB is paper currency. When it is used, one is to exchange currency and goods directly, and the other is to use digital currency wallet for transaction and transfer. Digital currency is certainly more convenient, while paper currency will have many problems, such as ring the epidemic, We should try our best to rece the risk of paper money transaction
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:
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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
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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
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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
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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
Tesla bought nearly 10 billion! Bitcoin is worth more than Facebook. This series of events makes the strengthening of bitcoin continue to rise, and it is easy to cut leeks to invest in bitcoin now the continuous development of Internet technology not only has a profound impact on people's way of life, but also promotes the vigorous development of Internet finance instry. The resulting digital cryptocurrency is widely concerned by investors for its novel architecture design and high price
the current digital currency implemented by the central government also affects the investment value of bitcoin the digital currency of the central bank is the first digital currency issued by major economies in the world. At present, the preparatory work before the release is in progress. This kind of digital currency will replace RMB paper currency and provide functions such as transaction and storage, which is expected to change people's lives in the future. Although the issuing methods of digital currency of the central bank are different from those of bitcoin and other digital coins, it can learn from the valuable experience of bitcoin and other digital currencies that have been mature for more than ten years< strive to further improve the digital money market of the central bank, provide more convenience for people's economic life, so as to make the country's economic construction to a higher level
Many people think that bitcoin is the first digital cryptocurrency in the world, but it is not
In 1982, cryptographer and computer scientist David Chaum proposed a creative scheme blind signature: on a piece of paper, I choose a serial number that only you know, and then I sign it. Because I don't know the serial number, I can't it to another person. This idea forms the first real e-money scheme, which makes anonymous transaction possible
at present, China is experimenting with digital currency, which is legal currency with national credit as guarantee, just like paper money. In the environment of legal digital currency, it will be possible for the economic system to decide the money supply spontaneously and endogenously, issue and recover money automatically through preset and reliable program algorithm rules and on the premise of ensuring the stability of currency value. The role of the central bank may not only be the decision maker of money circulation, but also the designer of the rules of money circulation algorithm
in fact, digital currency is just a form of electronic payment to replace traditional paper money, and the specific application scenario is mobile wallet payment. Digital money is not a virtual currency that can be generated by underground mining and easy to form investment bubbles. Investment in bitcoin and other virtual currencies and electronic money is a Ponzi scheme in a strict sense. The ordinary people need to be careful to avoid leeks. p>
When it comes to digital currency, your first reaction may be bitcoin or Libra, which Facebook plans to launch
from the perspective of usage scenarios, the central bank's digital currency does not pay interest, and can be used in small, retail and high-frequency business scenarios, which is no different from paper money. At the same time, the use should comply with all the existing regulations on cash management, anti money laundering and anti-terrorism financing
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system
"the emergence of digital currency follows the inevitable law of currency evolution, and is also the inevitable result of the development of science and technology. From the perspective of historical process, the carrier of currency has evolved from shellfish and precious metals to paper money, and then to the popular third-party payment electronic currency in modern society
in essence, they are pursuing the convenience and low cost of transaction, and this trend continues to develop, and the manifestation in the future society is digital currency. The first thing to solve is the technical barriers, although today's blockchain is regarded as the Internet of the 1990s, and its future is limitless. But it is not mature enough to support the huge payment system. At the same time, the issuance of legal digital currency will greatly increase the number of point-to-point transactions, bypass the original regulatory system to a certain extent, and easily facilitate illegal transactions. As digital currency makes it very convenient to convert deposits into cash, financial panic and financial risk will accelerate the spread once they occur, which increases the difficulty of supervision. In addition, in the process of using legal digital currency, a large number of user data and transaction information will be obtained. How to store and manage these data to prevent the disclosure and illegal use of user information is also an important challenge.