Working mechanism of digital currency

1. digital currency is the proct of currency development to a certain stage. The issuance of digital currency is mainly to make transportation more convenient and also concive to the supervision of the economy.

2.

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 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

Compared with paper money, digital money has obvious advantages, which can not only save the cost of issuance and circulation, but also improve the efficiency of transaction or investment, and enhance the convenience and transparency of economic transaction activities. The issue of digital currency by the central bank also ensures the continuity of financial policy and the integrity of monetary policy, and also ensures the security of monetary transactions

although the issuing method of digital currency is still under study, paper currency has been regarded as "the currency of the previous generation" by some professionals, and it is the general trend to be replaced by new technology and new procts. Due to China's large population and volume, the timetable for issuing digital currency is still uncertain. It is predicted that digital currency and cash will be in parallel and graally replaced for quite a long time. When the era of digital currency really comes, people will carry less and less cash, travel more and more safe, poverty alleviation more and more accurate, corruption more and more difficult to escape, and thieves more and more difficult

extended information:

in November 2016, the central bank prepared digital currency, and the cash is likely not to exist in ten years

in November 2016, China digital currency Research Institute was established to cultivate high-level talents of digital currency, carry out digital currency research, consultation, development planning and related activities. It is a non-profit unit with legal license approved by relevant ministries and commissions, and is committed to promoting the integrated development of scientific research and Practice of digital currency instry

so far, Hangzhou, Shenzhen and Guizhou have become the three hot areas for the central bank's digital currency pilot. It is reported that Hangzhou is actively promoting the planning and construction of Qiantang River financial harbor, including the blockchain instry. Hangzhou will build the first blockchain Instrial Park in China, which is located in the Internet Finance town of Xihu District, surrounded by ant financial services, e-commerce bank, Zhejiang University and its science and Technology Park and other well-known enterprises and parks

3. Once you install a hobbit wallet on your computer or mobile phone, it will generate your first hobbit address, and it can generate more addresses whenever you need.

4. "The age of digital currency: the application and future of blockchain technology" is a book that makes the past and present of digital currency and blockchain technology clear and thorough in easy to understand and humorous language. The digital currency represented by bitcoin itself is not a disruptive innovation. The blockchain technology behind it is the subverter of the rules of the game. Reveal the future development direction of digital currency and the revolutionary changes and opportunities brought by blockchain technology. The innovation of bitcoin is to disintermediate financial services, and the blockchain technology behind bitcoin has revolutionized the transmission problems that have plagued computer networks for decades, so that information can be safely transmitted on unsafe networks. It can not only be applied to money, but also has the potential to end the phenomenon of identity information being stolen, create a secure, password free Internet, and change the way enterprises do business. Blockchain technology is a small step, but it is a big step forward in human history. There are still more money speculators in the market than those engaged in blockchain technology. At present, the mainstream digital currency transactions in the market include coin security, okex, bitnet, etc.

5. It is the occupation of trading margin. In futures trading, because the trading mode is margin trading, it has a certain leverage nature. For example, if you take 1 million yuan as futures, open a few hands, and use 300000 yuan for a certain variety, the risk / position is 30%, and more than 80% of the exchanges will issue a warning that too high a position will lead to too high a risk. When the risk exceeds 100, it will be forced to close out. We call it a burst
the strong leveling of the exchange will be carried out in the best position, generally the price of the limit up or down, so the strong leveling will lead to the loss of customers. If the loss is large, the customer needs to make up the loss before he is out
Digital futures have risks, so investment should be cautious! After all, there is no internal supervision and no record
warm tips: please stay away from illegal fund-raising, illegal fund allocation, financial management on behalf of customers, false or misleading publicity / inced trading, illegal consultation / order calling, providing trading software and other illegal behaviors
headquarters of futures companies! Account opening, crude oil / iron ore / PTA / stock index / service charge return! Just ask!

6. 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 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

extended information:

digital gold currency is a form of electronic currency named after the weight of gold. The typical unit of measurement for this currency is the Troy gram or troy ounces, although sometimes the golden Dinar is used

digital gold currency is funded by gold storage without quota or decentralized quota. By January 2006, digital gold currency suppliers held more than 8.6 metric tons of gold as reserves, worth about $154 million

the relevant person in charge of the central bank said that the digital currency research team of the people's Bank of China should establish a more effective organizational guarantee mechanism, 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.

7. To design digital currency, we need to consider the following things:
first, we need to clarify the concept, definition, classification, functions and characteristics of digital currency, put forward the Chinese definition of digital currency, distinguish the similarities and differences and relations between legal digital currency and private digital currency in technical characteristics, economic characteristics and institutional arrangements, and discuss the process of digital currency performing monetary functions, And how to meet the requirements of a high-quality monetary system
Second, we need to conct in-depth research on the operation of digital currency, and explore the issuance, circulation, transaction and withdrawal mechanism of digital currency based on the al system of central bank and commercial bank. On this basis, the selection of technical route and key technology to meet its operation mechanism is discussed, and the key technology research and breakthrough are carried out
thirdly, we should study the effect and influence of digital currency on monetary and financial operation system
fourthly, based on the above research results, the scientific top-level design of digital currency supervision is formed, including the development and design of digital currency, the development of applicable regulatory coordination tools, and the selection of appropriate regulatory indicators
more importantly, the digital currency that the central bank plans to issue is different from bitcoin, Leyte, dogcoin, decent and other digital currencies.