Is digital currency being done
The state did not allow it
digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games
Internet of things in China: the Internet of things refers to a network concept of intelligent identification, positioning, tracking, monitoring and management, in which information sensing devices, such as GPS, laser scanners, connect any item with the Internet according to the agreed protocol for information exchange and communication
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People's network Internet of things digital currency is related news of scam, In the future, we will have to put our own money together
when we look at private equity investment, although the artificial intelligence we invest in is on the air, the more we are in the forefront of science and technology, the greater the risks we face in technology, market, instry, etc., and the greater the uncertainty of investment, so it is difficult to achieve the goal of making a huge profit
in the face of an enterprise that does not even understand its own professional field and does not understand it, it is easy to fall into the trap to invest only on the oral recommendation of others
it is precisely by seizing people's desire to get rich quickly that all kinds of so-called new "financial management" procts have sprung up, and started to breed and spread with popular financial hot words or in the name of responding to national policies:
with the soaring price of bitcoin, the concept of digital currency has caught fire, A lot of wealth management is still exploring new concepts such as "digital currency", "cryptocurrency" and "blockchain" to collect money everywhere
some local exchange alternative investment platforms seem to have a complete trading system, but the operation process behind it is not necessarily known to ordinary investors. To identify these financial procts, we must first see the situation clearly and maintain a peaceful investment mentality
In the eyes of speculators, the value of virtual currency can be expected. The value of money is not the same as that of general commodities. It does not lie in its own value, but mainly comes from the degree of recognition
there is a commodity widely criticized as a fraud, which is also very expensive and has a certain degree of similarity with bitcoin. That is the symbol of love which is hyped by businesses and recognized by the public - diamond
the price of diamonds is very expensive, but in fact, if not as decorations and souvenirs, the practical value can not support the amazing price
However, this does not affect the market value of diamonds at all. The reason is very simple, people have accepted the existence of diamond as a symbol of love, in the decoration and souvenir market, diamond is highly recognized. As for legal tender which is closer to virtual currency, its value almost entirely comes from the high degree of recognition brought by government credit guaranteebitcoin has brought the blockchain technology into the public's attention. If the virtual currency based on the blockchain technology can be widely recognized one day, the value of bitcoin is beyond doubt. So it's a bit early to conclude that virtual money is worthless. If it is an undoubted fact that virtual currency is worthless, no one will hype any virtual currency including bitcoin. The reason why many people hype virtual currency is very simple. Some people think that virtual currency is not only valuable, but also undervalued
coinbase transaction is a special transaction that generates bitcoin "out of thin air". Only miners can write this kind of transaction, and the number of generated bitcoin is limited by rules (new currency reced by half for every 210000 blocks + transaction fee for this block)
however, the rules do not stipulate that the miner must take away all the rewards that can be taken, and can choose not to take them
therefore, a mine pool connected with the RSK side chain has made a bug before, forgetting to take away the reward and occupying a pit in a block for nothing, which is equivalent to destroying the corresponding amount of bitcoin, making the total amount of bitcoin decrease a little bit permanently
in addition, to spend a bitcoin, you only need to specify the transaction ID and output serial number
as like as two peas in multiple blocks repeatedly write identical coinbase transactions, the transaction ID is also repeated.
therefore, this kind of situation also occupies the pit of a block in vain, and permanently destroys the corresponding amount of bitcoin
it seems to me that this is still a security vulnerability, so the new version of bitcoin software later banned the writing of repeated coinbase transactions. But until now, there has been no ban on miners not getting their e rewards
generally speaking, a coin is controlled by a private key. If a coin is transferred to an address where no one knows the private key, it will be destroyed
if the owner does a good job in security, and the private key is not disclosed and cannot be guessed, but he accidentally loses the private key, it is equivalent to destroying all the coins he owns
there are only some special circumstances that require intentional destruction of coins
one is irreversibly converted into another kind of currency, such as the contract currency XCP attached to bitcoin and wormhole cash WHC attached to BCH
the second is to save certificates and data on the chain, such as the time stamp: panbiao.com/2013/08 /
and the crowd funding of the original Ethereum founding team: zhuanlan.hu.com/p/29
the private key is essentially a big number. Whoever knows this number can control the currency on the corresponding address. So the private key must be generated with reliable random number, otherwise it may be guessed and stolen
compared with the token, the address is the hash of the public key. There is no way to judge whether an address has a corresponding public key and private key (even if the public key is known, the corresponding private key cannot be known). Therefore, even if it is explicitly the address of "burned" token, the system does not prohibit the transfer in
strictly speaking, what locks the currency is a small program (script). This program takes the input as the public key and digital signature. First, check whether the public key hash is consistent, and then check whether the digital signature is valid. If it is valid, it will be verified and transfer is allowed; Otherwise, it will be judged that the transaction is illegal and refuse to package into the chain
it is the whole node software that explains and executes this program. It can be said that the software code of the whole node specifically defines a coin
however, the current situation is very embarrassing. Most miners do not run the whole node, only a few mines are running. The vast majority of users do not run the whole node, even if they run the whole node, they can only perform verification, no computing power, no block.