The future development of Libra digital currency

1. In the future, digital currency may become a form of world currency, which is accepted by countries all over the world. Of course, there may also be a situation of "one over many strong", which is the same as the current global circulation mode of US dollar, euro, pound sterling, RMB and yen. The digital currency that the central bank plans to launch is just the digitization of RMB
bitcoin, Ruitai coin and vitality coin may also exist as a form of currency or as an asset class.

2. Let's first explain digital currency. The real digital currency is issued by the state, based on the national credit, and stored in the form of electronic data. This is the national legal currency that can be circulated. So far, no country has issued digital currency, so has China. Therefore, anyone claiming to be a digital currency issued by the state is a fraud. The function of legal digital currency is the same as that of paper currency. So there is no concept of investment. Just imagine, would you spend 100 yuan to buy a ten yuan RMB? Bitcoin is still a virtual currency, not a real currency. Bitcoin is an encryption algorithm based on the blockchain, and the calculation results are obtained. The biggest characteristics are decentralization, uniqueness and finiteness. Because of these characteristics, it is impossible for a country to use bitcoin as legal tender. So I have no objection to using bitcoin as a target of speculation. But if bitcoin is promoted as a digital "currency", I think it is suspected of cheating, because it does not have the characteristics of national legal tender. Some people in the world are willing to accept bitcoin transaction. I think it is actually a "barter" transaction, not a real currency transaction. At present, bitnet exchange can provide the most trading pairs, and investors can participate in leveraged trading and perpetual contract trading.

3. Recently, the rising price of bitcoin has given birth to all kinds of digital currency financing (ICO) boom. To become a future currency form, digital currency must first have all the functions of the existing currency. However, the existing digital currency represented by bitcoin and blockchain technology still has challenges in some traditional problems< There is no doubt that digital currency is a beneficial attempt to establish the future monetary system, but its premise is to adapt to the current level of human proctivity, technology and culture. In the past, we overemphasized the anonymity, credit and wealth attributes of digital currency under the current credit standard system, but ignored the basic functions of currency
according to the prospective instry research institute, an investment institution, the current upsurge of various types of digital currency financing does not mean that digital currency is becoming more and more popular as a currency. On the contrary, it is regarded by some people as "digital assets" to store, hype or use for illegal purposes, which can not but arouse enough attention and vigilance.

4. There may be two situations. One is the emergence of a globally recognized digital currency, which can circulate globally. Another situation is the emergence of a super strong situation, just like the current international situation. This kind of digital currency may be issued by a powerful country or alliance, and other countries will also have their own digital currency, but it mainly plays a supporting role. Bitcoin, Ruitai coin and vitality coin may only exist as an asset class at that time.

5. In the future, digital currency will be unified, and there will be a situation of one super and many strong
the Central Bank of China held a seminar on digital currency at the beginning of this year, and the issue of digital currency by the central bank has been put on the agenda. Some international banking giants and technology companies are also developing digital currency, and the Bank of England also plans to issue digital currency. All this means that digital currency is getting closer to our real life. However, the digital currency issued by the government may be in circulation in the future, but bitcoin, Ruitai currency and vitality currency can only exist as an asset class.

6. BTT is the incentive token on BitTorrent (bitstream), and Chinese is the stream token. For BitTorrent, the early Internet practitioners are very clear. At that time, the network download was very slow, and many students would use BT download resources in dormitories. This protocol enables client software endpoints to cooperate with each other, so as to efficiently and reliably distribute large files to multiple clients. The more users download, the more users, The faster the speed is, BitTorrent can be regarded as the originator of decentralized system application
BitTorrent was originally a point-to-point distributed communication protocol born in 2001, with more than 100 million users. Last year, the Tron foundation officially issued a community open letter, announcing the acquisition of BitTorrent company, which marks the strategic partnership between BitTorrent agreement and Tron wave blockchain agreement

in 2001, Bram Cohen invented the BitTorrent agreement. On September 22, 2004, BitTorrent company was established. On July 24, 2018, Tron foundation completed the acquisition of BitTorrent company. On January 20, 2019, BitTorrent token (BTT) was issued on Tron. On January 28, 2019, BTT was put on sale in binance launchpad
Bram Cohen, also translated as Bram Cohen, is known as the father of BT and a computer programmer in the United States. His software BitTorrent makes him famous. He is also one of the founders of codecon, the organizer of bay area P2P hackers conference and the writer of codeville. What's more famous is that he personally developed and designed the famous game platform steam. In history, BitTorrent once appeared as a rule breaker, which has a profound impact on the Internet. At the peak of 2006, BT traffic even accounted for 70% of the total network traffic, and almost all the download software we use now is improved on the basis of BT. However, e to the business model and other reasons, BitTorrent failed to become a profitable company. On the 30th day after BitTorrent was acquired by BoChang, the founder Bram Cohen announced his resignation. At present, the actual controller of BitTorrent is sun Yuchen

7.

Yes

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