Token in the field of digital currency

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

Pure blockchain technology can also be applied in non-financial fields. Here are some examples of blockchain technology application:

1. cross center sharing of provident fund blacklist
   ant financial blockchain and Huaxin Yong build "cloud platform of joint dishonesty punishment and deposit proof", Hainan province takes the lead in sharing the black list and deposit certificate of provident fund across centers and regions through the platform

2. business service blockchain platform
   the platform uses blockchain technology to open the service mode of "all-weather, zero meeting, one click" and applicants can apply for business license through the "blockchain + AI" platform, which takes only one and a half hours

3. Jingdong Logistics creates a blockchain traceability platform with one click traceability of beef and mutton

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there are many areas where blockchain technology can be applied, and it does not have to be related to digital currency. Cryptography focuses on blockchain information< br />

Themis public chain is the first decentralized digital asset custody public chain based on blockchain technology

Themis provides third party trusteeship services (similar to the role of Alipay and PayPal in online shopping), issuing tokens global trust token Global Escrow Token (GET) on the chain, Themis introces the group trust mechanism and reputation mechanism based on economic incentives to encourage block chain nodes, using escrow contracts and arbitration contracts to achieve digital money between them. Fair exchange between digital currency and real assets. Through the payment of custody fees and arbitration service fees, it can provide incentives for the nodes to actively participate in fund custody and dispute arbitration. In the process of using digital currency payment, users need to pay get token to get hosting and arbitration services. Participating in the trusteeship and arbitration node, after the transaction is completed, you can get the service charge and reward of get token from the trading party, so as to realize the closed-loop flow of get token on Themis