The technical field of encrypted digital currency

1.

Encrypted digital assets: encrypted digital currency is not issued by legal tender institutions and is not 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. It is generated by a large number of operations of computer graphics card and CPU, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The design based on cryptography can make the cryptocurrency only be owned by real users

encrypted digital asset is also a kind of gold existing in the network world, which is a kind of encrypted digital currency based on the block chain technology and using the digital encryption principle. In a sense, it has the same circulation function as ordinary currency. Encrypted digital assets apply blockchain technology to the global financial field, which makes consumers all over the world make business investment through encrypted digital assets, and create a new business model of win-win between investors and users, which is a trend for development

virtual currency:

virtual currency (enterprise currency) is self issued by companies or private indivials. It can be issued indefinitely, and it does not need to be obtained by solving the equation through the CPU program of computer graphics card. Because it can be issued unlimited according to the market demand, it does not have the value of collection and appreciation. There is no ore pool website, no original code. Price can be manipulated, mostly one-way relationship

2.

1、 Different definitions:

1. Virtual currency:

virtual currency refers to non real currency

Digital 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

Second, the characteristics are different:

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:

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

3.

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 />

   

4. There are many advantages of encrypted digital currency. Here are two

1. Secure
transaction of cryptocurrency on the decentralized platform of blockchain, the E-wallet used by it is authorized to send and receive cryptocurrency by the cryptosystem using the unique public key and private key. And the account does not need to be identified by a third party, so outsiders can not know the identity of the trader
2. Tamper proof
after the transaction on the blockchain is confirmed, it is tamper proof, and this kind of data is traceable, so the illegal elements can't cheat by deleting or modifying the records
you can learn about cryptocurrency through some media platforms, so I won't go into details here.

5. The hottest time of encrypted digital has passed, and cryptocurrency was the hottest year in 2015. At that time, shortly after bitcoin entered China, people did not know much about cryptocurrency and worshipped it blindly. Now, people have graally become rational
since 2013, the popular digital currencies are bitcoin, Ethernet, lightcoin, DCT and so on.

6. What is money? Money is the medium for the exchange of goods (including services). Now our currency is issued by a reputable bank, which is basically guaranteed by its reputation. As long as the users agree, then we can use it to trade. Currency has a certain value preserving property. After I change my labor / services / all my goods into currency, the bank guarantees that I can exchange it for something of almost equal value one day in the future. The premise of this guarantee is that banks will not issue new currencies indiscriminately and that everyone will trust it

in the past, we used precious metals as currency. Because precious metal proction is not high, the speed of new money increase is limited, and the economy is growing, the market needs more money to let the goods flow as much as possible. There is value when there is demand. In this sense, the value of precious metals in making other things is secondary. The economy needs money to circulate goods, and this demand is the main one. However, if the proction of precious metals is limited, and the precious metal currencies in circulation will withdraw from the market for various reasons, then even the newly made precious metal currencies have the same or even higher value

why does bitcoin keep its value? BTC (short for bitcoin) exists in a huge P2P network. Bitcoin group has recognized an algorithm. Under current conditions, only about 6 new BTCs will be generated per hour. At present, there are 50 new BTCs in each group. That is to say, in this world, only about 300 BTCs are generated per hour. This output will also be limited by the difficulty automatically adjusted by the network. You can't speed up money proction by modifying everyone's client algorithm and parameters (client is open source). Counterfeit currency will be discarded by the network (unless you can control most of the network nodes)

what is the value of BTC itself

the value of BTC is the trading channel itself. A new set of BTCs provides a mathematical guarantee to transfer old BTCs from one account to another. The price behind this security guarantee is a lot of computing power. It takes a lot of energy to proce such a safe passage, so the whole BTC user group will reward the mint (currently 50 BTC), which will become 25 BTC after December 2012, and it will be halved every four years

to put it simply, my understanding is that all BTCs in the world are generated by the energy of running computers. Their total value (up to now, there are about 12W groups of BTCs proced, 50 in each group, and the market price is about US $7.3), should be less than the total market value of consumed energy. However, I think most of the energy used to proce BTC is wasted resources< br />4

7. The encryption of jinwowo blockchain can ensure that the privacy of data sources can be better protected when big data is called, so as to eliminate the bad phenomenon of reselling data.

8. It's very professional.