Privacy technology guide for central bank digital currency

Publish: 2021-04-10 12:37:59

1. Is a way of payment, WeChat, Alipay, the biggest drawback is private enterprises, your money to leave your bank card, it is not yours, they can seal your account, the account has your property, they say occupy, no mercy, the central bank will not say occupy, is illegal imprisonment, do not say occupy, WeChat can be suspected of breaking the law. Don't think that if you have less money, they don't covet it, they just don't have a chance. Don't think how good ma Yun and Ma Huateng are. They are businessmen, and you are the same. You don't care if a lot of money passes by you

As of 2019, the digital currency seminar of the people's Bank of China was held in Beijing to further clarify the strategic objectives of the central bank's issuance of digital currency, do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible. At present, it is under study, and many problems need to be improved slowly

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

If digital currency is accepted by the public, its use will increase greatly and replace legal currency to a certain extent, then negative events such as network attacks on user terminals related to digital currency will cause currency fluctuation, which will have an impact on financial order and real economy

in addition, the virtual currency based on blockchain technology is usually held by a few people at the beginning. For example, the first purchase of bitcoin in May 2010 was $25 pizza purchased by 10000 BTC, and the price of each bitcoin rose to $1200 in more than three years by the end of 2013

3. The specific time has not been determined, but it has been concerned for three years
more than three years ago, the people's Bank of China started to organize a seminar on digital currency, and then set up the digital currency Research Institute of the central bank. The latest action is to jointly organize distributed R & D with the instry and cooperate with the market

the name of R & D used by the central bank is DCEP, which is actually electronic payment. What is paid is digital, not paper money. Digital money also has monetary attributes. The study of digital currency is not to realize the application of a certain technical solution, but to pursue the convenience and low cost of retail payment system, as well as security and privacy protection
the digital currencies of bitcoin, wikilink and Ethereum provide some reference for the digital currencies issued by the central bank, especially blockchain.

4. From commodity currency to later credit currency, the digital currency and bitcoin that the central bank plans to issue and promote economic upgrading are very necessary. They are all natural selection to adapt to the development of human commercial society. New procts are the trend of the times. Digital currency is different. Digital currency is issued by new technology. The people's Bank of China holds a seminar on digital currency, The paper currency technology content is low. On January 20, this year, the construction of financial infrastructure and the establishment of circulation system will be improved. As the currency of the previous generation, money has always been accompanied by technological progress and cost, but it may be applied to blockchain technology. In particular, with the development of the Internet, it is proposed to strive for the early launch of the digital currency issued by the central bank. Central bank governor Zhou Xiaochuan also said in an interview with the media that the central bank has actually started to study digital currency for a long time. From the perspective of historical development trend, great changes have taken place in terms of early physical currency and economic activities, security and global payment methods. However, there is no money. before

5. A decentralized digital currency storage scheme is provided for users. The wallet key and the address and private key information of all kinds of currencies are stored in the user's local system. At the same time, the wallet provides a convenient key backup scheme - users only need to backup once and save it in a safe place. Even if the types of digital currency are added subsequently, all types of digital currency assets can be recovered with backup. In addition to allowing users to fully control the key of the wallet, the wallet also provides multi signature technical support and two-step authorization verification for digital asset management of different scales. Users can choose mobile phone verification code, fingerprint, living body and other verification methods ring transfer transactions to ensure the security of digital currency assets in an all-round way.

People often talk about these initiatives in the context of digital money supply. In fact, more than 90% of the money in circulation has become digital money. In most instrial countries, only about 10% of the money is in the form of physical cash. The central bank is making a huge investment to further accelerate and simplify the digital payment process. In the US, the Federal Reserve will soon unveil a new solution, fednow. It can support nationwide real-time electronic payment. In addition to the United States, Britain, Australia, Mexico and Nigeria have also built and deployed similar infrastructure

7. However,
after the identification,
remember that under no circumstances can you remit money first, whether it is franchise fee, deposit or other name,

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Privacy technology guide for central bank digital currency

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