The influence of cryptography on digital currency

1.

Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation

development materials:

1. definition of digital currency:

   digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />

   

2.

It is almost impossible for bitcoin to become a global currency

taking China as an example, the main means of the central bank to regulate the economy are monetary policy, fiscal policy and exchange rate policy. The global use of bitcoin means that all countries lose their economic initiative. Once the economy is in recession, the central bank can not use the expansionary monetary policy to stimulate the economy. Once the international trade is in a disadvantageous position, it can not use the exchange rate policy to adjust the balance of payments. It's fatal for the country

However, it is the general trend that digital currency will replace paper currency. Therefore, in order to ensure the central bank's ability to intervene in the economy, countries are likely to introce their own digital currency to replace paper money. That is to say, RMB is paperless, unified digital transaction, and US dollar is paperless, digital transaction is carried out, and then digital RMB is linked to us dollar exchange rate

for a long time, the hot digital currency can and can only be the investment target. At present, digital currency is set up by private indivials, no country will allow currency issuance rights to remain in the hands of a single person . Bitcoin is not even as good as Ethereum at this point - we don't even know who Nakamoto is. Although the Federal Reserve is privately owned, it is the proct of the combination of American commercial banks and the anonymous creation of bitcoin by Nakamoto

therefore, from this perspective, it is likely that the currencies of various countries will graally become paperless and digital in the future. In the future, it is not impossible to form a set of global digital currencies on the basis of the main digital currencies of various countries and with reference to the idea of SDR

after the currency digitization, the impact on China is actually small. At present, China's third-party payment is very developed, and the utilization rate of paper money is graally declining, so it has a good foundation to be a digital currency. Third party payment in Europe and the United States is weaker, and Japan lags far behind in this step. This means that Japan will have more resistance to the implementation of digital currency