Digital currency with high anonymity

1.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

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 currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by 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

2. Block eye analysis: digital currency is an alternative currency in the form of electronic currency (which can be used for real goods and services transactions). In short, it is the electronization of RMB, which is equivalent to paper currency, but more flexible than paper currency. It can track the flow of your money and pay without the Internet
digital currency has the main characteristics of network packet. This kind of data packet is composed of data code and identification code. The data code is the content we need to transmit, while the identification code indicates where the data packet comes from and goes
based on the characteristics of digital money, the direct benefit of digital money to the central bank is not only saving the cost of paper money issuance, circulation and settlement, but also enhancing the central bank's ability to control funds.

3.

Yin Zhentao, deputy director of the law and Finance Research Office of the Financial Research Institute of the Chinese Academy of Social Sciences, said that digital currency faces two risks. The first is the technical level. Digital currency relies on blockchain technology and a system, which will make it suffer from security impact, such as hacker attacks on computer systems. We have seen many practical problems in this process

Zhao Zhanzhan, a special researcher of intellectual property research center of China University of political science and law, believes that digital currency has anonymity, quickness and irrevocability. In addition, bitcoin and other digital currencies have high circulation in the world, so many criminals use digital currency as a new money laundering channel. Moreover, there are many different ways to realize money laundering through digital currency. Generally speaking, the probability of new money laundering being found and investigated is lower than before. Many countries have no effective means and technology to combat money laundering through digital currency. These factors lead to criminals prefer this way of money laundering

4. 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
digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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5. The anonymity of digital currency market is still there, which is also very popular. Although bitcoin has anonymity, its anonymity is not particularly good. Zcash is similar to bitcoin in many ways. First of all, it is also based on the distributed ledger (blockchain) for transactions. But there is one big difference between zcash and bitcoin: zcash is completely anonymous
according to the introction, zcash uses a technology called zero knowledge proof (known as "ZK snark") to verify the authenticity of the transaction. It uses a public blockchain to display the transaction, but it will hide the amount of the transaction. Viewing the owner of the key (i.e. the owner of the coin) allows others to view the information associated with the key
in short, this method of calculation allows users to prove that they have the currency they want without exposing information about where the currency came from or is going. It's like zero knowledge proof allows you to enter a password on a website and verify it by the website's server without actually transmitting the password
in contrast, although bitcoin and other digital currencies are famous for their concealment of transactions, in real life, they can often track transactions through the records of ordinary bitcoin blockchain, so that people can accurately know the sender and sending location of bitcoin. Nowadays, zcash has realized the transaction of original data in the form of encryption, rather than publishing the transaction data to the public like bitcoin. Snowden also said that the anonymous zcash project can solve the monitoring risk of bitcoin
therefore, zcash, an anonymous function that pursues the ultimate privacy protection, is first considered to have great value in the financial instry. Foreign media pointed out that the traditional financial instry has an extraordinary demand for information protection. Although many people think that the privacy requirements of bitcoin and other blockchain systems come from crypto anarchists and liberals, the fact is that the traditional financial instry is promoting the hiding of transaction information on the blockchain
however, the anonymity of digital currency is also a headache for the regulatory authorities, and it is very difficult to popularize it in the world. At most, it is only a niche proct. However, the platform developed by using blockchain technology has great potential. For example, the blockchain content publishing platform decent, Ethereum's intelligent contract and so on.

6. Raspberry pie can't be connected with an external graphics card. Even a computer can't be connected with an external graphics card. If you want to mine, you must buy a miner

7. My friend, first of all, you can find out what is virtual currency and what is digital currency!

8.

Digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects:

① e to some open algorithms, digital currency has no issuing subject, so no one or organization can control its issuing

(2) the total amount of digital currency is fixed because the number of algorithm solutions is determined, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency

(3) as the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough

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extended data

features:

1, low transaction cost

compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to a 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, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster

3, high anonymity

in addition to the physical form of currency can achieve point-to-point transactions 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

therefore, it has higher anonymity and can protect the privacy of traders, but it also creates convenience for cyber crime, which is easy to be used by money laundering and other criminal activities

9. Digital currency and cash, of course, a stronger cash.