Background of digital currency

1. On November 13 this year, the official microblog of the people's Bank of China announced that the people's Bank of China has issued legal digital currency, and some institutions falsely use the name of the people's Bank of China to trade relevant digital procts under the title of "DC / EP" or "DCEP" on the digital asset trading platform. The central bank stressed that no legal digital currency (DC / EP) was issued and no asset trading platform was authorized to trade. Neither "DC / EP" nor "DCEP" traded in the market is legal digital currency, and the launch time of legal digital currency transmitted through Internet is inaccurate information<

at present, the so-called issuance of legal digital currency in the Internet, and the behavior of indivial institutions launching "DC / EP" or "DCEP" in the name of the people's Bank of China to conct transactions on the asset trading platform may involve fraud and pyramid selling. The general public should raise their risk awareness, not be partial to trust, and guard against interest damage
as early as September 4, 2017, the central bank and other seven departments jointly issued the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement), pointing out that the issuance of virtual currency, ICO and other suspected illegal financial activities seriously disrupted the economic and financial order, and no organization or indivial may engage in the above activities illegally.

2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

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3. Let's first explain digital currency. The real digital currency is issued by the state, based on the national credit, and stored in the form of electronic data. This is the national legal currency that can be circulated. So far, no country has issued digital currency, so has China. Therefore, anyone claiming to be a digital currency issued by the state is a fraud. The function of legal digital currency is the same as that of paper currency. So there is no concept of investment. Just imagine, would you spend 100 yuan to buy a ten yuan RMB? Bitcoin is still a virtual currency, not a real currency. Bitcoin is an encryption algorithm based on the blockchain, and the calculation results are obtained. The biggest characteristics are decentralization, uniqueness and finiteness. Because of these characteristics, it is impossible for a country to use bitcoin as legal tender. So I have no objection to using bitcoin as a target of speculation. But if bitcoin is promoted as a digital "currency", I think it is suspected of cheating, because it does not have the characteristics of national legal tender. Some people in the world are willing to accept bitcoin transaction. I think it is actually a "barter" transaction, not a real currency transaction. At present, bitnet exchange can provide the most trading pairs, and investors can participate in leveraged trading and perpetual contract trading.

4. Since 2008, Nakamoto has proposed bitcoin, a peer-to-peer cash trading system. Since then, it has entered the eyes of the world.

5. This is where the myth of bitcoin really takes over. According to legend, Satoshi Nakamoto, an unknown person, released an agreement on the digital point-to-point system of decentralized digital currency on October 31, 2008. I urge you to read this short and wonderful paper. While the idea behind bitcoin is revolutionary, it can now begin to make more sense in the context of all other systems, not all of them. Bitcoin proposed blockchain as a synchronous network to solve the probability consensus. According to BFT, from having less than 50% of the total network hash rate of Byzantine rivals Security is achieved in different ways than other historical protocols. Blockchain is designed to support availability rather than consistency, and can support thousands of distributed nodes. The cost of decentralization is much lower throughput in terms of transactions per second (TPS).

7. There are good and bad virtual currencies, such as bitcoin and Ethereum, complicated ones, such as EOS and wave field, and pure money frauds, such as 90% erc20 projects.
90% of stocks are money frauds. Don't look at how good PE looks. Next year, we will directly rece goodwill, not too elegant, and drop 90% in a straight line! I'm not talking about Tianshen entertainment. Please don't take your seat according to the number. I'm talking about all the small cap stocks
if you are not a technology stream, don't read the code or the white paper, then you can play with virtual currency
no matter what genre you are, don't touch stocks. You'd rather live than die

8. 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 a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form.

9. UEX, a new digital currency trading platform, has been officially put into operation

10. The rapidly expanding market size has also brought traffic dividends to some single function wallet applications. As a tool for storing and using digital currency, wallet plays an important role in the field of blockchain. A safe and reliable storage environment is undoubtedly an important requirement of digital currency wallet. Now the market is in urgent need of an all currency, all currency, all-purpose, all-purpose wallet Secure Wallet to manage more and more digital assets, hicoin wallet came into being.