Can digital currency purchase foreign exchange
we can't say the timetable of digital currency yet. China has a large population and a large volume. For example, a new version of RMB can be changed in a few months for small countries, but it will take about 10 years for China. Therefore, digital currency and cash will be parallel and graally replaced for quite a long time. In the later stage, the transaction cost of cash will graally rise. For example, in the past, banks were asked to count a large number of coins, and there was no charge for them. Later, they may need to charge. With the incentive mechanism, people will naturally use more digital currency, but the two will still co deposit in the longer term
the central bank's issuance of digital currency is also inspired by cryptocurrencies such as bitcoin and lettercoin, and the European crowdfunding model of combining digital currency with real assets also draws on the experience of bitcoin.
In 2020, the competition of digital currency is becoming more and more intense, and the new actions and new progress of various countries continue. Since 2014, the Central Bank of China has been promoting the research and development of digital currency, making it clear that digital RMB is mainly positioned as cash in circulation (M0). At present, digital RMB has been tested in Shenzhen, Suzhou, xiong'an, Cheng and the future Winter Olympic Games
Zhang Zhijun: the most basic payment carrier of digital RMB is mobile app. Of course, in order to enable people who do not use smart phones to use digital RMB, there can also be other carriers, such as smart payment card, which can be the same size as credit card, and even have password or biometric authentication functions, so that the holder can use it to pay, or recharge in some outlets. In fact, the process of digital RMB exchange can also be seen as a specific payment process, that is, using digital RMB to buy foreign currency or gold
it's like an account book. We can record all our loans on it. Anyone can write on it, but how can we ensure that others don't Scribble
you will want to sign at the back, but someone will fake your signature. So we need to use electronic signature, that is, each account will generate a key, which only you know, and then confirm that the signature is your own through the public key
the above is only a safe way of lending, but it still needs a website to act as a bank, so the website can modify the amount of lending at will, and there is no law to restrict it
therefore, it is necessary to decentralize, that is, to publish one's own account and let everyone share it, so that the opposite side will not cheat. But how do you make sure people don't tamper with your bills
first of all, an account book must be divided into one page, that is, blockchain. According to the content of the blockchain, a hash function (a bit like a key, but with different functions) will be generated. The hash function is a one-way function and can't be pushed backward, so you can only rely on guessing to decipher it. The amount of enumeration needed to decipher a password is called workload. Then the computer will stamp the proof of workload on your bill, and the proof of workload means there is no mistake. So how can you convince others that you're not lying
this requires credibility. The measure of credibility is workload. The bill with heavy workload has more credibility. The workload here does not refer to the amount of calculation, but refers to the number of bills, that is, the number of blockchains. The more repeated the same account is received, the stronger the credibility is. Because others will sort out the accounts they receive, and then re publish them, which is an infinite cycle process. This prevents people from cheating by not publishing their bills
every time a blockchain is released, it will be rewarded, that is, "mining". But in order to prevent the unlimited expansion of bitcoin, bitcoin will dig less and less, that is, the rewards will be less and less. Therefore, players want to increase the release volume of blockchain by paying others a reward (service charge) at their own expense, and at the same time form its monetary function
furthermore, the total number of bitcoin is unchanged, but more and more people use it, so it is more and more difficult to dig, which is why many people have been complaining about the mine disaster
in my opinion, bitcoin is not so much a currency as a game. In short, it means that you pay more for mining, and the more you dig, the more you win.
for others, you can only say that as long as it is a new digital currency with low price, you can start a little bit!
Recently, the central bank recently stated that digital currency can also realize cross-border transactions when conditions are ripe in the future. Therefore, it held a press conference, which mainly introced the design of China's digital RMB and its future applications
at the beginning of the primitive society, people's proctivity was not enough to achieve the situation of surplus proction capacity. People lived together, and there was almost no surplus of food and goods necessary for life, so there was no necessary condition for the proction of money, and goods for goods{ RRRRR}
the buying and selling price of cash is the price that the teller can buy digital foreign exchange through mobile banking or online banking, or at the counter. The buying and selling price of cash is the price that the bank can exchange for paper foreign exchange notes. Generally speaking, cash is more expensive than foreign exchange because it involves transportation, storage and other costs. Spot exchange is just a numerical conversion
at present, China, or many other countries in the world, can only withdraw money from local currency, and foreign currency can only be purchased. So you can't take this 4W yen at home, and to be honest, it's useless to take Japanese yen at home. You can take it out in Japan and bring it back to your country, but you have to fill in a declaration form. Economically speaking, it is more cost-effective to remit these yen to domestic banks and then settle the exchange.