What does public offering of digital currency mean
definition of digital currency:
the alternative currency in the form of electronic currency belongs 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 the digital expression of value, which is not issued by the central bank or authorities, nor linked with legal currency, but because it is accepted by the public, it can be used as a means of payment, and can also be transferred, stored or traded electronically
digital currency 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: first, e to some open algorithms, digital currency has no issuing subject, so no one or institution can control its issuing; ② Because the number of algorithm solutions is fixed, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency; ③ Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough
the emergence of bitcoin poses a great challenge to the existing monetary system. Although it belongs to the generalized virtual currency, it is essentially different from the virtual currency issued by network enterprises, so it is called digital currency. This paper compares digital currency with electronic currency and virtual currency from the aspects of issuing subject, scope of application, issuing quantity, storage form, circulation mode, credit guarantee, transaction cost and transaction security.
1. The price of bitcoin is an unregulated price. Like gold and cabbage, it is determined by the supply and demand curve. There is no such thing as "exchange rate setting"
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2. Generally speaking, there are several kinds of "demand"
A, purchasing bitcoin for value storage, investment, avoiding inflation of legal currency
b, purchasing bitcoin for use, such as payment, cross-border remittance, settlement
C, purchasing bitcoin for speculation, speculation
3. Generally, there are several kinds of "supply"
A, selling of miners' mining income
B People who buy bitcoin for stored value, investment, speculation, speculation and other reasons sell it again
4. Exchanges, such as 58coin, only provide matching services and guarantee transaction security between the supply and demand sides, and the price is determined by the supply and demand sides, not by the exchange
digital currency is an alternative to electronic currency. Both digital gold coin and password currency belong to digital currency. It can not be completely equivalent to the virtual currency in the virtual world, because it is often used for real goods and services transactions, not limited to online games and other virtual space. At present, the central bank does not recognize or issue digital currency, and digital currency does not have to have a benchmark currency. Digital currency refers to the digitization of money. Digitization doesn't mean scanning. This is just like digital signature. Digital signature does not mean scanning your signature into a digital image, or using the touchpad to obtain the signature, let alone your signature
digital currency is an alternative to electronic currency. Both digital gold coin and password currency belong to digital currency. Digital currency can be divided into three categories: the first is the familiar game currency. In the era of stand-alone games, the protagonists accumulate money by knocking down the enemy, entering the gambling house and winning money. The second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services within the website. The third kind of virtual currency on the Internet, such as bitcoin (BTC), Wright currency (LTC), Fuyuan currency (FTC), etc.