Central bank digital currency algorithm
The digital currency of the central bank is DCEP
the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency
The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous
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Application of digital currency
I. fast, economic and safe payment and settlement
cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed
At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:3. Bill finance and supply chain finance
in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs
reference materials
network digital currency
what benefits most from this is the domestic currency circle. In 2017, digital currency and related fund-raising activities were banned in China, which is quite negative in the eyes of ordinary people. In fact, the central bank's initiative to explore into cryptocurrency is the recognition of the core concept of digital currency. With this incentive, domestic enterprises will actively enter the instry and inject fresh blood into the instry, which is the most important
about this, you can see the reports of blockchain media, such as golden finance, coin easy to know column, chain news and so on.
2019 August 21st, the official account of WeChat central bank released two articles on digital currency.
According to reports, the world's major central banks are focusing on digital currency. Some countries have clearly put forward the plan of issuing legal digital currency. For example, the central banks of Canada, the Netherlands, Australia, Russia and other countries have already announced the launch of digital currency research
different from the centralized delivery of traditional electronic payment instruments, the fund transfer of electronic payment instruments must be completed through the account, which adopts the account tight coupling mode, while the central bank's digital currency should be based on the account loose coupling mode, so that the transaction link's dependence on the account is greatly reced, and the central bank's digital currency holders can directly apply it to various scenarios, It is concive to the circulation and internationalization of RMB
According to the experts, digital currency was born in the existing financial system and will inevitably be affected by the existing payment system and information technology. Theoretically speaking, the payment system mainly deals with the demand deposit part of the broad money, while digital currency mainly belongs to the category of cash source: bit110
digital currency
has its own unique algorithm, so you need to think about your application, then you can do it according to
you don't want to
do it yourself, and you will be the
mathematical genius.