The past and present of digital currency
Bitcoin is an Internet virtual asset
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions
and use the design of cryptography to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
the design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
extended data:
currency features:
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform Mining: users can explore the computing power of different hardware on many platforms
bitcoin is an Internet virtual asset . The central bank defines bitcoin as an Internet virtual commodity
bitcoin is a consensus network, which promotes a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system. This is the consensus of the bitcoin circle, but it has not been recognized by the mainstream society< br />
first of all, it can be determined that digital RMB can be exchanged for gold and foreign exchange
Digital RMB is only a payment method of legal tender, which is endorsed by the state. The research and application of legal digital currency is concive to meeting the public's demand for legal currency under the condition of intelligent digital economy, improving the convenience, security and anti-counterfeiting level of retail payment, so as to accelerate the development of China's digital economy. It has all the functions of paper money, including the exchange of gold and foreign exchange
this book not only expounds the earth shaking changes and impacts of digital currency on people's lives, but also discovers the essence of digital currency from its past and present development, expounds the principles and investment methods of digital currency, as well as the concept of wealth creation such as sharing economy mode under Internet finance, and foresees the future of digital currency
however, this book is not a best seller in China, and its popularity in the currency circle is also very low. Digital currency is constantly evolving, from bitcoin to lettercoin, then to Ethereum, and then to the new mode of European crowdfunding, which combines real assets and digital currency crowdfunding.