June 21 digital currency

1.

As of September 2019, the central bank's digital currency has not been issued

the development history of the central bank's digital currency is as follows

in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues faced

in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen

in September 2018, the Institute of digital currency built a trade finance blockchain platform

On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions

on August 2, 2019, the central bank said at the second half of 2019 work video conference that it would speed up the research and development of legal digital currency

on August 10, 2019, Mu Changchun, deputy director of the payment and Settlement Department of the central bank, said at the Yichun forum of 40 people of China finance that "the central bank's digital currency can be said to be ready"

on August 18, 2019, the CPC Central Committee and the State Council issued their opinions on supporting Shenzhen to build a leading demonstration zone of socialism with Chinese characteristics, which mentioned supporting innovative applications such as digital currency research in Shenzhen

on August 21, 2019, the official micro blog of the people's Bank of China released two articles on digital currency. One is fan Yifei, vice president of the people's Bank of China, who was published in January 2018, talking about some considerations of digital currency of the people's Bank of China. The other is mu Changchun, deputy director of the Department of payment and settlement, who delivered a speech in Yichun on August 10

extended data:

practical significance

the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate

can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit

operation system

fan Yifei, vice governor of the people's Bank of China, said in the article that the digital currency of the people's Bank of China should adopt a two-tier operation system. This model does not change the relationship between creditor's rights and debt of currency in circulation, does not change the existing money supply system and al account structure, does not constitute a competition for commercial banks' deposit currency, and does not increase commercial banks' dependence on the interbank lending market

will not affect the lending ability of commercial banks, and will not lead to the phenomenon of "financial disintermediation". At the same time, because it does not affect the existing monetary policy transmission mechanism, it will not strengthen the pro cyclical effect under the pressure environment, and it can improve the convenience and security of payment, and it also has the credit advantage of central bank endorsement

2. The central bank's digital currency is the legal digital currency approved by the State Council. The central bank organizes market institutions to engage in the corresponding work of the central bank's digital currency research and development

2019 August 21st, the official account of WeChat central bank released two articles on digital currency.

3. bitcoin, of course, is the hottest one. In addition to bitcoin, there are also:
1. Litecoin is similar to bitcoin, which is also an encrypted digital currency, and its price has risen sharply recently. It is a P2P open source digital currency, which can be regarded as a branch of bitcoin. However, although lightcoin is based on bitcoin protocol, it does not require very high computing power. It can also be mined using ordinary computers. Lightcoin's algorithm comes from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems)
2. Namecoin
namecoin is also based on bitcoin, which is another branch of open source. Namecoin is a distributed DNS protocol -- generally speaking, it can transform the website name (such as ifeng. Com) that can be understood by human into the address that can be understood by machine. As its own DNS, this kind of currency can operate outside the normal Internet, so it can break away from the control of ICANN
the monetary value and domain name of namecoin are stored in the user's blockchain records, limiting the total number to 21 million
3. Peercoin
peercoin is a peer-to-peer variant of bitcoin, which can improve mining efficiency and security, and improve safeguard measures to avoid group mining. Now, group mining has been considered as a potential defect of bitcoin. According to the statistics of emerging currencies by coinmarketcap.com, peercoin currently ranks fourth in the market value of digital currencies
4. Primecoin
primecoin is a cryptocurrency similar to bitcoin, but it uses a completely independent mining algorithm. Bitcoin uses the hashcash algorithm, while prime coin uses the long Cunningham chains to create the value of money - a sequence of prime numbers named after mathematician AJC Cunningham
in the process of bitcoin mining, as the amount of money goes on, the difficulty will increase sharply. But prime is different. Every time a primecoin is mined, the mining difficulty will increase slightly, and the process is much more stable< 5. Feathercoin

based on the design of litecoin, released in April 2013, can adjust the mining difficulty more frequently than litecoin. Feathercoin will be updated frequently, adding new features and improvements to eliminate malicious mining behavior

6. Novacoin

another P2P digital cryptocurrency. Novacoin is different from most other currencies in that it integrates a protection mechanism in the currency core, which can identify illegal mining activities

the total number of novacoin is limited to 2 billion, which is considerable. If necessary, the total can be adjusted upward

7, infinitech

published in June 2013. A by-proct of litecain. According to the mining situation and the total amount of money, infinite money can frequently adjust the mining difficulty ratio< Megacoin was only released in the fourth quarter of 2013, imitating bitcoin in the early stage. The total number of megacoin is limited to 42 million, which can be mined like other virtual currencies. Its biggest selling point is brand publicity, which other digital currencies lack< It was released in 2013 and is still in its infancy. In the security part of quarkcoin, nine independent loops are deployed and six different algorithms are used.

4. The currency has rebounded and raised again. I like this kind of digital currency very much, but I can't find a good platform all the time?

5. If you have nuclear power, if you don't have it, you need to build more diesel generators. Or put in a supplement mod and dig for oil. In addition, make more capacitors, turn off the machines you don't need, and save more electricity. It's enough in theory. When you build an electric arc furnace, it won't be your headache.

6. On June 21, 2018, it was sponsored by Singapore everyday token foundation, hosted by Onyx (new horizon), supervised and directed by the Organizing Committee of China blockchain Development Conference and Singapore blockchain Science & technology foundation, cbdn China blockchain technology alliance, Singapore group computing technology PTE. Ltd., block distribution Fachian ecation public chain (FAC) and the "365t blockchain ecological conference" supported by science and technology of the district were successfully held in Cheng Onyx. This conference aims to one belt, one road to the development of the digital instry in the area.

Onyx, the world's first consumer ecological blockchain bar, opened at the same time, which became the highlight of this conference. Onyx (new horizon) is a professional social platform with blockchain technology research and exchange as the core, the most cutting-edge technology research and open investment. At the same time, it is committed to building itself into a gathering place for the collision and exchange of talents and ideas in the latest Internet technology, instrial integration and entrepreneurship< br />
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the media and other cooperation units participating in this press conference mainly include: Golden Finance, hip-hop finance, Oriental capital, block house, world chain finance, Youtong block capital, new finance, girl blockchain, currency capital, currency finance, zero finance, etc< br />

on the day of the press conference, celebrities from all walks of life gathered in a hot atmosphere. Mr. Yu Yuanqi, founder of onxy bar, Cheng Yong, representative of investment director of 365token in China, Du Meng, famous independent economist, Wu Biliang, founder of cbdn, Tang Yanling, chief operating officer of 365token, Zhang Weijin, chief information officer of 365 token, famous Kung Fu Mingxing, Shi yanneng, founder of Yineng public welfare, Zhang Hui, famous procer One belt, one road digital Blockchain trading partner, the Singapore Cloud Computing partner Xu Shiliang, Singapore Blockchain Science & Technology Foundation secretary general, and the ASEAN ASEAN area, the Southeast Asian operations director, Jason Wei, Sun Shenghai, chairman of Limited by Share Ltd of China Welfare bank, Wu Daming, chairman of Hongkong Tian Bao group, and Wang Bao Bao, chairman of Shenzhen Bao Zhi de Instrial Co., Ltd. Dongdong, founder of Oriental capital, Li Yi, founder of Xiamen Lalong fund, Wu Qiang, investor of block distribution capital, Wu Zilong, founder of Qu kuaigu, Xu Ting, founder of currency capital, Xu Youqiang, founder of shisan capital, Yang Dongjin, partner of hip-hop finance and economics, ye Meng, specially invited lecturer of Alibaba, and Zhu Changhua, founder of Youtong capital, also made a surprise appearance< br />
< Yu Yuanqi, the famous leader of entertainment instry and founder of onxy bar, first delivered a speech at the press conference, introcing that the predecessor of Onyx is Cheng's famous bar zero. Since September 1996, the first zero bar has been established. Over the past 20 years, it has developed from the first nightclub to more than 40 famous nightclubs in China, including 823, story village, Mingmen and a + seven, And participated in the shares of Muse, space, Bense, Iam OK, susho, cargo, Mr. nine, play house and other well-known nightclubs in Cheng. Regarding the cooperation with 365 token to create the world's first blockchain ecological bar, Mr. Yu Yuanqi said that he believed that the strong combination of blockchain and entertainment instry would create a greater miracle< br />
< In his speech, Cheng Yong, the representative of investment director of 365token in China, said that in this era of technology first, he always hopes to combine entertainment culture with blockchain technology. It is a great honor to reach a consensus with Mr. Yu Yuanqi, the founder of Onyx, to invest in the project of 365token, Work together to contribute to the implementation of China's blockchain instry, and wish this conference a complete success. At the press conference, 365 token and Singapore cloud computing reached a strategic cooperation. As the first cloud computing super node of 365 token, Singapore cloud computing provides stable and high-performance cloud computing services for 365 token blockchain< br />
< Mr. Cheng Yong and Mr. Xu Shiliang, the head of cloud computing in Singapore, jointly signed the 365t blockchain cloud computing strategic cooperation agreement
Du Meng, a famous economist
he is a famous independent economist. His works money, investment, real estate development and management, and ghost town theory are known as one of the "four financial geeks" in China. Dr. ghost town once served as deputy director of Peking University real estate research and development fund center, vice president of Peking University real estate Alumni Association, and visiting scholar of Copenhagen University, Du Meng, a lifelong Professor, also shared his profound insights on blockchain. He said blockchain is the future of mankind. Dr. Du Meng and 365token reach strategic cooperation on Financial Consultant