Design of digital currency in the world
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
The use of digital currency license: 1. Packaging platform, good publicity 2. Developing OTC legal currency business of exchange currency trading and contract futures 3. Platform compliance, risk aversion
the commonly used licenses are: MSB of the United States, Estonia (al license digital currency trading license and wallet license), MSB of Canada, Australia, caymann, Singapore, Malaysia, Saint Vincent Philippines, etc
the license of each country should be applied by the local company, or the company can be registered before applying for the license. It can also register with the Singapore foundation, and lawyers can issue legal opinions on the project white paper
1. Litecoin is similar to bitcoin, which is also an encrypted digital currency, and its price has risen sharply recently. It is a P2P open source digital currency, which can be regarded as a branch of bitcoin. However, although lightcoin is based on bitcoin protocol, it does not require very high computing power. It can also be mined using ordinary computers. Lightcoin's algorithm comes from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems)
2. Namecoin
namecoin is also based on bitcoin, which is another branch of open source. Namecoin is a distributed DNS protocol -- generally speaking, it can transform the website name (such as ifeng. Com) that can be understood by human into the address that can be understood by machine. As its own DNS, this kind of currency can operate outside the normal Internet, so it can break away from the control of ICANN
the monetary value and domain name of namecoin are stored in the user's blockchain records, limiting the total number to 21 million
3. Peercoin
peercoin is a peer-to-peer variant of bitcoin, which can improve mining efficiency and security, and improve safeguard measures to avoid group mining. Now, group mining has been considered as a potential defect of bitcoin. According to the statistics of emerging currencies by coinmarketcap.com, peercoin currently ranks fourth in the market value of digital currencies
4. Primecoin
primecoin is a cryptocurrency similar to bitcoin, but it uses a completely independent mining algorithm. Bitcoin uses the hashcash algorithm, while prime coin uses the long Cunningham chains to create the value of money - a sequence of prime numbers named after mathematician AJC Cunningham
in the process of bitcoin mining, as the amount of money goes on, the difficulty will increase sharply. But prime is different. Every time a primecoin is mined, the mining difficulty will increase slightly, and the process is much more stable< 5. Feathercoin
based on the design of litecoin, released in April 2013, can adjust the mining difficulty more frequently than litecoin. Feathercoin will be updated frequently, adding new features and improvements to eliminate malicious mining behavior
6. Novacoin
another P2P digital cryptocurrency. Novacoin is different from most other currencies in that it integrates a protection mechanism in the currency core, which can identify illegal mining activities
the total number of novacoin is limited to 2 billion, which is considerable. If necessary, the total can be adjusted upward
7, infinitech
published in June 2013. A by-proct of litecain. According to the mining situation and the total amount of money, infinite money can frequently adjust the mining difficulty ratio< Megacoin was only released in the fourth quarter of 2013, imitating bitcoin in the early stage. The total number of megacoin is limited to 42 million, which can be mined like other virtual currencies. Its biggest selling point is brand publicity, which other digital currencies lack< It was released in 2013 and is still in its infancy. In the security part of quarkcoin, nine independent loops are deployed and six different algorithms are used.
RMB: &
US dollar: $
Euro: &
Brazilian real: R $
Bulgarian Lev symbol: лв
British Pound: £
Singapore Dollar: S $
Japanese Yen: J ¥
Argentine Peso: ARS $
Vietnamese Dong: &
¤( Li Yuan (big Li TianChao international currency, sub currency 100 Li Fen (cent) = 1 Li Yuan, international currency rate is 70% of the U.S. dollar)
& #3647; Thai baht symbol
BS Venezuela Bolivar and boliviano symbol
br Belarusian ruble, Belarusian currency symbol
&8373; Ghana CEDI, the currency symbol of Ghana; The symbol of the U.S. dollar and some other monetary auxiliary units is
& ᦇ 8353; Koran symbol (used in Costa Rica and El Salvador)
& #8363; Vietnamese Dong symbol
& #8364; The symbol of euro is used in euro area countries, some small non European countries, Montenegro and Kosovo
ƒ Aruba florin, the currency symbol of Aruba. It was also used as a symbol for the Dutch shield
ft Hungarian Forint
rs; Guarani, Paraguay, the currency symbol of Paraguay; The currency symbol of Laos, kip, Kr, can represent Danish krona, Norwegian krona, Swedish Krona and Icelandic krona; It can be divided into three parts: 1; Lira (possibly confused with pound)
LM Maltese lira, currency symbol of the Republic of Malta; Text (meaning one thousandth of a dollar or one tenth of a dollar)
& T; 8358; Nigerian naira, the currency symbol of Nigeria; Philippines pesos, Philippines's currency symbol
P Botswana PRA, Botswana's currency symbol
Q Guatemala char, Guatemala's currency symbol
R, South African rand, South Africa's currency symbol
Sk Slovakia kronor, Slovakia's currency symbol
Rp, Indonesian shield, Indonesia's monetary symbol
৲ 2547; Rupee symbol (used in Bangladesh)
R $real, Brazil's currency symbol
s /, Peru's new SOL $Dollar Symbol (used in the United States, Australia, New Zealand, Hong Kong, etc; This symbol is also used by various pesos and former escudos of Portugal and Cape Verde. This symbol sometimes has two vertical lines)
"Kazakhstan tenge, Kazakhstan's currency symbol
&8366; Tugrik, the currency symbol of Mongolia; Currency symbol of Korean won / Korean won; Currency symbol of RMB
nt and currency symbol of NT
Z & #; Zloty, Poland, the currency symbol of Poland
& #8372; Hryvnia, the currency symbol of Ukraine; Israeli new Shek symbol
& #6107; The currency symbol of Cambodia is
& ᦇ 65020; Iranian Riyal, Iranian currency symbol
руб Russian Ruble; Euro currency symbol
$dollar currency symbol
according to incomplete statistics, more than 200 counterfeit coins have been proced since 2014, and more than 100 have survived. The life cycle of Shanzhai coin is generally about 2-3 months. Because the purpose of some Shanzhai coins is to earn money without any innovation. When the price is high enough, the makers will sell a lot to cash out. Without the support of the makers, this kind of counterfeit money will eventually die.
there are two main reasons why user experience optimization is listed separately. First, LBTC wants to build an excellent peer-to-peer e-cash system. Its basic idea is to put payment experience and user first, so it puts it at a high level, such as cross platform light wallet, accelerating payment confirmation speed, optimizing irreversible block mechanism, etc. Second, LBTC has always emphasized superior chain governance system. Before that, there was a standardized SGS (spark governance system) governance system, but it still needs to constantly improve the relevant mechanisms. For example, we should greatly optimize the node parameters and election mechanism, establish the LBTC foundation, multi-channel proposal process, and light wallet's support for the governance function on the chain.