Digital currency anchoring legal currency

1. Hello, the investment of legal currency is generally through the exchange, with a high degree of security. Generally, domestic exchanges only support point-to-point trading, that is, indivial to indivial trading, because of national restrictions. Through the exchange, directly to the other party's account and confirm payment, the other party will put money to you. Generally, the secondary market is directly through the exchange of legal currency. Legal currency can directly purchase the corresponding digital currency or buy stable currency first and then buy the digital currency you want
if you say that you are directly trading in US dollars, you are likely to encounter cheaters. It is not recommended that you trade with strangers through forums or circles,

2. Friends who are new to the currency circle are dazzled to see all kinds of digital currencies. What are the origins and characteristics of these cryptocurrencies? Here is a brief introction to some mainstream cryptocurrencies< bitcoin is the earliest cryptocurrency. In 2008, an Internet geek named Nakamoto Tsung published a paper called bitcoin: a peer-to-peer e-cash system. In 2009, the first creation block was g up by Nakamoto Tsung and has been developing ever since. The original block size of bitcoin was only 1m, and the congestion problem was getting more and more serious. As a result, the block expansion was put on the agenda. The core development group advocated the use of isolation witness and lightning network to realize the expansion, while the big block group advocated the direct expansion of the block. At last, on August 1, 2017, bitcoin cash (BCH) forked from bitcoin (BTC) and expanded its capacity by expanding the block. After this split, bitgold, bitdiamond, super bitcoin, bitgod and many other split coins have sprung up. Later, BCH itself encountered a bifurcation. The Australian CSW, who calls himself Nakamoto Tsung, has to continue to expand the block and lock the underlying protocol of bitcoin. He claims to make a bitcoin that meets Nakamoto Tsung's vision. This time, the bifurcation coin is called BSV

apart from BCH and BSV, most of the other bifurcated currencies have declined. BTC, BCH and BSV represent the exploration of three different directions respectively. BTC is the most conservative and cautious, BSV is the most radical, and BCH is relatively mild and graal. At present, BTC enjoys the name of bitcoin in fact and has the largest market value< br />
< At the end of 2013, vitalik buterin (V God), a gifted programmer born in 1994, published a white paper on Ethereum, proposing the idea of adding various smart contracts to cryptocurrency, which can be used in social networking, trading, games and other fields. The market value of Ethereum has soared all the way, and it will soon be second only to bitcoin, Ethereum with smart contracts is also known as blockchain 2.0

in 2016, Ethereum encountered a serious hacker coin theft incident (DAO), and God V decided to delete the coin theft record by using rollback method. However, some people who insisted that the blockchain should not be tampered with opposed rollback, so Ethereum also split. Unlike bitcoin, the original Ethereum chain has become a minority, known as the Ethereum classic (etc), and the new chain that has been rolled back has become a majority, the de facto Ethereum (ETH)

stable currency system

stable currency is generally anchored legal currency, which can be used to exchange legal currency 1:1 to the issuer. The currency value is relatively stable, but sometimes there will be a small amount of premium in transactions, which is widely used in cryptocurrency transactions. Now the most common stable currency is the usdt issued by tether company, 1 usdt = 1 dollar. Stable currency is generally issued on other cryptocurrency networks, such as bitcoin Omni protocol, Ethereum erc20 protocol, etc< br />


in anonymous currency

on bitcoin, every transaction is clear and searchable, although we don't know who the person behind the address is. Some people think that the privacy of bitcoin is not enough, so some anonymous coins, such as XmR, dash and zcash, which can cover up user information, have emerged. Monroe coin uses ring signature technology, dasey coin adopts mixed coin technology, and big zero coin uses zero knowledge proof, which can play an anonymous effect in different degrees

platform currency system

some digital currency trading platforms often release their own platform currency, and there are certain discounts for trading with platform currency, such as okb of okex, HT of fire currency, BNB of coin security, etc<

some other mainstream currencies

lightcoin (LTC) has copied the code of bitcoin, replaced the consensus algorithm, and shortened the block out time. When bitcoin wants to upgrade, it often does experiments on bitcoin first. Lightcoin is known as "bitcoin, lightsilver"

XRP is currently the third largest currency in market value. It is an Internet transaction protocol, allowing users to transfer money around the world quickly and cheaply

grapefruit coin (EOS), known as blockchain 3.0 and Ethereum upgrade, attempts to introce more functions and application expansion on it

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"bitkangaroo" is the first digital currency financial service platform in the world that allocates theoretical revenue from its own mines and machines without power failure. The platform is mainly based on cloud computing procts, and the theoretical revenue is allocated by "1tash" of Wanyou computing power's professional mine, a strategic partner, on a regular basis every day, integrating high-yield, security, liquidity, transparency and professionalism

High Yield: the platform aims at "increasing users' assets", and customers can choose a variety of derivatives to prevent systemic risks

Security: the team stores the standby digital assets in the cold multi signature wallet, and in case of any accident, the reserve fund will be used to distribute revenue to customers

Liquidity: the platform allocates income every day, and can withdraw as soon as it reaches the minimum currency withdrawal standard

transparency: mine data and mine logs are open and transparent, and users can monitor the actual computing power of the mine at any time through the data center monitoring system

Professional: the mine is operated and managed by professional personnel who have been engaged in deep mining for many years. Each unit is isolated by professional network interruption to prevent virus invasion. Multiple standby networks are used in the computer room to eliminate non systematic risks in an all-round way

3. You can sell your currency to others through currency trading, and then convert it into RMB
it can't be converted directly. There is a certain guarantee for RMB exchange in currency transaction! In case of being cheated.

4. At present, there is no digital currency in the world that can be directly converted into legal currency in banks. However, it can be exchanged for legal money on the platform supporting its transaction. Basically, the digital currency that claims to be able to exchange legal money directly in the bank is mostly pyramid scheme
the choice of digital currency investment depends on whether it has a good application scenario planning. Bitcoin has been recognized worldwide; Ethereum is an intelligent contract platform, and decent is a distributed content publishing platform based on blockchain technology.

5. Too many, pure quartz veins! There are more geologists, big ones.

6. Because digital currency is endowed with value, its value is measured by the value of legal currency. At present, although the exchange supports the withdrawal and exchange of digital currency, there are still limitations. Dabit exchange can be said to have further changed the relationship between digital currency and legal currency in a way, making the exchange between digital currency and legal currency faster and more secure without geographical restrictions.

7. It can be converted into US dollars one to one. Because this currency is known as anchoring the US dollar, it is a stable digital currency. How many TEDA coins are sold to you, and how many US dollars the TEDA currency issuer will keep for you. But in fact, can the company really deposit 1:1 margin and keep its value? I can't tell if there is a moth inside. Outsiders don't know.

8. The digital currency in the form of legal currency can not replace the issuance and circulation of RMB by the central bank.

9. Anchor token is the base currency of many exchanges. After the direct exchange of digital assets and legal currency is prohibited in many countries, anchored token stands out as stable token. Users can use anchored token to exchange 1:1 between anchored token and legal currency, such as 1usdt ≈ 1 US dollar and 1vhkd ≈ 1 Hong Kong dollar.

10. Stable currency is a digital currency that anchors a kind of legal currency and maintains a relatively stable exchange ratio with legal currency
in the digital currency trading market, the pursuit is to obtain the maximum benefit, but the income is directly proportional to the fluctuation of digital currency
therefore, at this time, a relatively stable digital currency is needed as a medium to stabilize the risk of fluctuations, so stable currency is born. All stable currencies need to anchor a legal currency and accept public supervision, such as the most commonly used stable currency usdt. The stable currency is issued by tether company. It is anchored in US dollars according to the ratio of 1:1. For each usdt issued, one US dollar needs to be deposited into the bank account and publicized to accept the supervision of users, so as to ensure the asset transparency and value stability of usdt
in addition to usdt, there are Pax, tusd, Dai and other stable currencies, which are anchored to the US dollar and subject to supervision.