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Conversion between digital currency and physical cash

Publish: 2021-04-23 03:11:57
1. The world's first digital currency was invented and issued by David Chaum, known as the father of digital currency. As a mathematician, cryptographer and computer expert, he began to study how to make digital currency in the late 1970s. Digital currency is a kind of currency existing in the form of electronic number, which is an electronic flow of information transmitted on the network through the circuit composed of 0 and 1. Compared with the traditional real currency, i.e. paper money and coins, digital currency has obvious advantages: traditional currency has greater storage risk, expensive transportation costs, and requires a lot of investment in security and anti-counterfeiting. Digital currency is different from e-currency such as credit card and e-check. It has higher level and higher technology content. It can be used without connecting to the bank network and is very convenient for customers. By the end of 1995, as more and more users of the digital currency invented by JOM, it was accepted by a bank called Mark Twain, enabling it to convert to the real deposits in the user's account
network virtual currency can be roughly divided into
the first category is familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as bitcoin (BTC), Wright currency (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency.
2.

1. Digital currency

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

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. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography

features: the use of P2P peer-to-peer network technology to issue, manage and circulate currency theoretically avoids bureaucratic examination and approval, so that everyone has the right to issue currency

Electronic money means that a certain amount of cash or deposit is exchanged from the issuer and the data representing the same amount is obtained. By using some electronic methods, the data is directly transferred to the payment object, so that the debt can be paid off. Strictly speaking, consumers pay traditional money to the issuers of electronic money, and the issuers store the equal value of traditional money in the electronic devices held by consumers in electronic form. In short, when we deposit money into our bank account, there will be an extra number in the bank account, which means how much money we have saved. In this process, we give the banknotes in our hands to the bank, and the bank adds a number to our bank card, which is our electronic currency

features:

< UL >
  • e-money and paper money (or physical money) can be easily converted to each other

  • the data of electronic currency corresponds to the same amount of physical currency

  • we need to pay physical money to the issuers of e-money (banks and other financial institutions) in order to exchange for the same amount of e-money

  • < / UL >

    3. The similarity between digital currency and electronic currency: both exist in the form of electronic data

    The differences between digital currency and electronic currency are as follows:

    electronic currency has an issuing institution, and the corresponding amount of physical currency in the institution can be exchanged with physical currency; However, digital currency has no specific issuing institution (decentralization) and can only exist in network data

    at present, there is no international consensus on whether digital currency is a currency or not, so in China, the main form of digital currency is "investment proct", which is a rather risky investment proct, and only a few businesses are willing to accept digital currency consumption; Of course, some countries (Germany, etc.) have officially recognized the currency status of digital currency

    3. 24h volume refers to the trading volume of the currency within 24 hours. Generally speaking, the larger the trading volume, the more active the transaction, and the stronger the liquidity of the currency.
    look at today's volume:
    4. There is no need to exchange it. It is the digital form of RMB. It's legal tender. It's compulsory circulation.
    5. Two of them said the same person said that person. For example, two of them said a, that's where a is
    6.

    People often talk about these initiatives in the context of digital money supply. In fact, more than 90% of the money in circulation has become digital money. In most instrial countries, only about 10% of the money is in the form of physical cash. The central bank is making a huge investment to further accelerate and simplify the digital payment process. In the US, the Federal Reserve will soon unveil a new solution, fednow. It can support nationwide real-time electronic payment. In addition to the United States, Britain, Australia, Mexico and Nigeria have also built and deployed similar infrastructure

    7. I don't know what you mean by OBB digital currency. The advantages of bitcoin are: it won't be frozen, it can't be tracked, it doesn't need to pay taxes, and the transaction cost is extremely low. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
    bitcoin is a relatively mainstream digital currency, which can be properly invested. There are risks in the transaction. You can invest cautiously. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are relatively large trading platforms. Invest in mainstream digital currency, do not invest in counterfeit currency or air currency.
    8.

    Denmark plans to transfer all of them to e-cash transactions, and the traditional paper currency is on the verge of disappearing. Of course, it is impossible to cancel it completely in a short time, but this is a trend

    Cash is vulnerable and easy to forge

  • there are bacteria and viruses, which are the transmission media

  • anonymity, not easy to trace, money laundering is the best< br />

  • 9. Yes, just operate directly on the trading platform. Click to withdraw cash. Of course, this requires that the trading platform you are in is regular and has a regular license. For example, fire coin and Saturn exchange all have a regular license. These are easy to use.
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