Is it reliable for digital currency companies to work in Beijing

1.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

extended data

to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />

2. At present, the size of bitcoin block is 1m, and it can only process about 7 transactions per second. With the continuous growth of bitcoin transaction volume, it is difficult for bitcoin network to confirm transfer transaction quickly, resulting in congestion in bitcoin network
there is a backlog of tens of thousands of transactions on the bitcoin blockchain, and the transaction cost of bitcoin transfer is as high as tens of dollars. When the network is congested, bitcoin transactions even take several days to be packaged. We started to discuss how to expand the capacity
since 2013, people have put forward a lot of schemes for bitcoin expansion. Some people say they want to raise the upper limit of block size, and some people say they want to take out some useless information in the block... But these schemes have not been widely recognized. As a result, the expansion of bitcoin has been controversial.

3. Bitcoin, then, is a virtual string of numbers, which need to be calculated by the computer. It must be calculated by the computer

4. Take a very simple example. For example, there is a safe with 21 million yuan in it. Everyone can take it, but the password of the safe is 2 times 3, but everyone is very stupid. Only a few people can work out 6, so the one who can work out will earn 21 million yuan. When you pay, you just need to tell someone that the password is 6, which is equivalent to giving him the money. In the same way, your computer gets something similar to the payment password (which is hard to calculate) through a lot of calculation (running bitcoin software, which is difficult to calculate, such as electricity bill and computer loss).