What is the main payment method of digital currency
digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. More generally speaking, digital currency is actually a commodity
just like gold, it took more than 200 years to be graally recognized by the world. In the early days, many people questioned gold's ability to store value. If we take digital currency as a substitute, people's questioning attitude towards gold in the past is equivalent to many people's attitude towards digital currency now
extended data
digital currency is a balance between financial security and innovation ability. Financial instry should have clear access threshold. Digital currency involves finance, so it must have clear access threshold. The enterprise qualification of blockchain and digital currency needs to be reviewed and an access system set. One of the core of supervision is that blockchain enterprises must have qualified technical personnel
for example, enterprises of different levels in the construction instry need different levels and numbers of registered structural engineers to ensure the safety of buildings and bridges, which can also be used for reference in the supervision of digital currency. In addition, investors need to refer to the requirements of the "measures for the appropriateness of securities and futures investors" issued by the CSRC, and only those who meet certain conditions can participate in the investment
definition of digital currency:
the alternative currency in the form of electronic currency belongs 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 the digital expression of value, which is not issued by the central bank or authorities, nor linked with legal currency, but because it is accepted by the public, it can be used as a means of payment, and can also be transferred, stored or traded electronically
digital currency can be considered as a virtual currency based on node network and digital encryption algorithm
the core characteristics of digital currency are mainly reflected in three aspects: first, e to some open algorithms, digital currency has no issuing subject, so no one or institution can control its issuing; ② Because the number of algorithm solutions is fixed, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency; ③ Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough
the emergence of bitcoin poses a great challenge to the existing monetary system. Although it belongs to the generalized virtual currency, it is essentially different from the virtual currency issued by network enterprises, so it is called digital currency. This paper compares digital currency with electronic currency and virtual currency from the aspects of issuing subject, scope of application, issuing quantity, storage form, circulation mode, credit guarantee, transaction cost and transaction security.
definition of currency
digital gold currency is a form of electronic currency named after the weight of gold. The typical unit of measurement for this currency is the Troy gram or troy ounces, although sometimes the golden Dinar is used. Digital gold currency is funded by gold storage without quota or decentralized quota. By January 2006, digital gold currency suppliers held more than 8.6 metric tons of gold as reserves, worth about $154 million
future trend
in November 2016, the central bank prepared digital currency, and it is likely that cash will not exist in ten years
in November 2016, China digital currency Research Institute was established to cultivate high-level talents of digital currency, carry out digital currency research, consultation, development planning and related activities. It is a non-profit unit with legal license approved by relevant ministries and commissions, and is committed to promoting the integrated development of scientific research and practice of digital currency instry
up to now, Hangzhou, Shenzhen and Guizhou have become three hot areas for the central bank's digital currency pilot. It is reported that Hangzhou is actively promoting the planning and construction of Qiantang River financial harbor, including the blockchain instry. Hangzhou will build the first blockchain Instrial Park in China, which is located in the Internet Finance town of Xihu District, surrounded by ant financial services, e-commerce bank, Zhejiang University and its science and Technology Park and other well-known enterprises and parks
in February 2020, digital currency was selected by MIT Technology Review as one of the top ten breakthrough technologies in the world in 2020
Digital money (electronic money or electronic currency) is a kind of money in digital form (different from paper money and coins). It shows properties similar to physical currency, but allows immediate transaction and boundaryless ownership transfer. Examples include virtual currency, cryptocurrency and currency issued by central bank and recorded in computer database (including digital base currency). Like traditional currencies, they may be used to buy physical goods and services, but they may also be restricted in some communities, such as online games