What is the difference between token and digital currency

1. Currency: in essence, it is a contract between the owner and the market about the right of exchange, and it is essentially an agreement between the owners. The essence of money contract determines that money can have different forms, such as general equivalent, precious metal money, paper money, electronic money and so on. Its basic function is the measure of value and the means of circulation—— Extracted from the Internet

fiat money: it means that it does not represent real goods or goods, and the issuer has not cashed the currency into physical obligation; A currency that becomes legal currency only by government decrees. The value of fiat money comes from the owner's belief that money will maintain its purchasing power in the future. Money itself has no intrinsic value, that is to say, when the paper money comes into being, legal tender is essentially the negotiable paper money stipulated by law

the legal currency of the people's Republic of China is RMB, and the people's Bank of China is the national authority in charge of the management of RMB, which is responsible for the design, printing and issuance of RMB—— From the Internet

e-money: in fact, it is the electronization of legal money, including our common bank card, online banking, e-cash, etc; There are also third party payments developed in recent years, such as Alipay and WeChat payment. No matter what the form of these electronic money is and through which institutions it circulates, its original source is the legal money issued by the central bank

virtual currency: virtual currency refers to non real currency, and its existing state is intangible. The most important difference between virtual currency and electronic currency in narrow sense is the difference of issuers. Virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. For example, game currency, q-coin, and ticket counting are mainly limited to circulation in a specific virtual environment

digital currency: digital currency which applies the latest digital network technologies such as blockchain, has the characteristics of Distributed Accounting, unique encryption technology, decentralized settlement, etc. Of course, digital tools with these characteristics must be supported by national credit if they want to become sovereign currency or legal tender

therefore, digital currency must be currency; In today's social system, money must also be sovereign money or legal tender. Secondly, digital currency must have the basic attributes and main functions of currency.

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1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin

However, some digital currencies have independent issuers

The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency

digital currency 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 currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

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illegal digital currency

in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life

not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence

therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing

3. Thank you
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to know the difference between them, we need to know the definition of them first
digital currency: short for digiccy, which is the abbreviation of "digital
currency", is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
blockchain: blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database, also known as the trust machine
from the above definition, we can know that blockchain is a technology, and digital currency is a kind of virtual currency
digital currency is not equal to blockchain
many people will understand blockchain as blockchain. Here I want to correct that digital currency is not equal to blockchain. Digital currency is only an application of blockchain, and some digital currencies may not be applied to blockchain technology.

4. Digital currency is an application of blockchain
blockchain is the core supporting technology of digital cryptocurrency system represented by bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the common high cost, low cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry
taking the tourism instry as an example, blockchain applications mainly focus on tourism travel, tourism community reviews, digital identity management, credit consumption management, tracking pilot's professional certificate and qualification, loyalty plan of hotels and airlines, reservation management and consumption points management. In addition, blockchain also has applications in finance, games, entertainment and other fields.

5. Blockchain is the underlying technology of digital currency, and digital currency is the carrier of blockchain. Therefore, Singapore saiailin agricultural data alliance Co., Ltd. released bgaa, a digital currency with the full name of global agricultural ledger. We join the global agricultural association as an alliance chain, store the agricultural information in the global agricultural ledger bgaa, and form the bgaa token. So as to realize the automatic link of non-human mechanized data, broadcast consensus of the whole network, and achieve the information can not be tampered with
bgaa has not been listed in any exchange and has not been included in any platform, so we should pay attention to the risk of trading

6. This is the extension of the recently popular blockchain technology. Tongzheng economy is the third emerging economic system. It is a new form of Internet parallel digital economic system, which is related to bitcoin and other digital currencies.

7.

In the field of blockchain, token refers to the negotiable proof of encrypted digital rights and interests, and in a narrow sense, token

and entity token is the token that condenses the entity contribution value, that is, the incentive token issued by the entity enterprise to the user according to the user's value creation behavior by using the blockchain technology. It has three characteristics: legal (forbidding the issuance of air currency), credible (based on blockchain Technology) and value-added (condensing entity contribution)

for example, consumption rebate, reading gold coin, click advertising rebate, etc. are suitable for online and offline consumption and interactive scenes of various enterprises and users

for example:

the transformation and upgrading of Zhongtai alliance company from a traditional enterprise of 28 years to Internet token + ecological agriculture, our token is different from pure blockchain currency and token in the market, they are all virtual currency, but we are entity token, to be exact, enterprise integral token. Buy vegetables and get points, that's all. The technology is provided by the National Institute of administration of the people's Republic of China. Different from ordinary enterprise points, Zhongtai entity pass has the legal attributes of Internet pass: constant total amount, never additional issuance, tamper proof, open and transparent, traceable, tradable, shopping, cash withdrawal, appreciation, legal compliance, central enterprise holding and investment value. It is the first entity pass in the global market at present

China Alliance token is a digital currency attached to entities, which is different from traditional bitcoin; It has all the advantages of blockchain technology, including efficient circulation, decentralized security encryption, and supervision, control and distribution by central enterprises; It is mainly dependent on the energy instry. With the continuous development of the instry, the market value of the token will continue to rise. The company's self-developed online platform will provide a series of follow-up proceres, such as access to pass and use of cash, in addition to shopping

different from the traditional integral, the entity pass is based on the blockchain, inherits the high trust system and high circulation system of the decentralization of the blockchain, and carries the value-added condensation of the real economy, which greatly improves the user's recognition and desire for the entity pass

the ecosphere of entity token can use blockchain technology to help enterprises bind the co creation relationship with users, increase the scene interaction between users and enterprises, and enhance the economic gain of enterprises. Ordinary users can create their own value while using procts

8.

Entity token is the token that condenses the contribution value of entity, that is, the incentive token issued by entity enterprises to users according to their value creation behavior by using blockchain technology. For example, consumption rebate, click advertising rebate, etc. are suitable for users' online and offline consumption and interactive scenes

Tong Zheng is the most beautiful flower and fruit of blockchain technology. They are inseparable. The most important thing of Tong Zheng is to confirm the right of assets and transaction behavior in an economy. There are many types of pass, such as equity type, currency type, physical type and so on

for example, in the past, it was very easy to confirm the rights and interests of goods, but it was very difficult to confirm the rights and interests of enterprises. In the future, many business models will change because of the introction of token, such as the business model of franchisees and agricultural cooperatives. Such business fields as points, crowdfunding, franchise and distribution can be reshaped by token economy, Digitize assets and behaviors

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when blockchain technology is applied at different levels, it will proce different efficiency improvement or other social values. At the level of distributed ledger, in the past, bookkeeping was through a certain organization, but in the era of blockchain, it is possible to rely on consensus mechanism for distributed bookkeeping. Its advantage is tamper proof, which can be used in many fields

for example, the efficiency of electronic invoice has been greatly improved, which no longer needs the management of tax bureaus, and the information can not be tampered with. This kind of account book technology, which is only used for blockchain, is also a non currency blockchain that has been discussed more at present, which can increase the credibility. The efficiency of the shipping instry can be greatly improved by using the public ledger, that is, the alliance chain

in the value transmission network, there can also be blockchain. Through blockchain, a technology of credit construction, a network of point-to-point value transmission is constructed. For example, Ruibo carries out clearing through the blockchain network, and then makes payment. All capital flows are traceable

9. Big trading platforms such as hotcoin pro, Xigu and OK are more reliable, because they usually take the initiative to eliminate bad money into the market in order to maintain public praise. For example, fire coin Pro only has 100 digital currencies on line. Although some potential God coins may be eliminated, generally speaking, they still have a bottom in mind.