Can individuals develop digital currency

1. 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 an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. 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. Digital currency is a kind of venture capital. Some people can make profits in this market, while others can make losses in this market. To make money, digital currency can be invested by mining and trading on the platform. Digital currency has price fluctuation and is investable in theory

warm tips: the above explanations are for reference only, without any suggestions. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: December 2, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

2. If you have your own technology, you can develop it yourself. If you have money, you can hire people to develop it.

3. Digital currency is in its own name and account, which is its own assets. The digital currency issued by the state is endorsed and guaranteed by the national credit, unlike bitcoin.

4.

It's illegal

First, digital currency ICO is illegal in China.

in September 2017, the people's Bank of China issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate

later, it was announced on April 23, 2018 that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China

Second, digital currency exchange is prohibited in China.

after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchange is illegal in China

all trading platforms, including bitcoin China, okcion and fire coin, announced in 2018 that they would stop the RMB recharge business and graally shut down their trading platforms. As of April 2018, all digital currency exchanges had completely withdrawn from the Chinese market

< H2 > extended information

digital currency generally has a special digital currency exchange. We can buy the digital currency we need in our digital currency exchange

we can buy from our friends in addition to the exchange. If a friend has something, you can discuss and ask if he can sell it to you

we can buy our digital currency from traders nearby if we need more

we accept payment by digital currency payment service. If we open a physical store, we can support payment by digital currency, so we can also get our digital currency

finally, we can get digital currency by mining, and we can get digital currency by equipping mining machine to work mining, such as investing more hardware

digital currency trading: it can be traded only after RMB or digital currency is recharged in a third-party digital currency exchange

purchase of digital currency: no matter how many coins you buy, there is no limit. For example, if bitcoin is 100000 yuan, you can buy 0.0001, and there is no limit on how many coins you can buy or sell

digital currency trading time: 365 days a year, 24 hours a day, can be traded

5. China does not support the registration of trading platforms for the time being. The Chinese currency trading platforms that can be registered in Samoa are mostly registered abroad

6. Can we invest in digital currency
of course, it's OK to invest, but the risk is too great, so it's better for ordinary people not to participate

7. Strictly control the system loss sharing:
when the system loss is generated, it is shared equally by the profit-making customers after the settlement. Especially when the big market occurs, the sharp drop or sharp rise of the price will cause the customers to burst their positions in a large area, forming a huge system loss, and the loss will be shared equally by the profit-making customers. The mechanism of position margin + floating margin is adopted, A customer's position needs a fixed margin. When the floating margin reaches the warning line, the system will remind the customer to add margin. Otherwise, when the margin is not enough to hold so many positions, the system will forcibly level off the excess positions to control the risk of the customer. This mechanism strictly controls the leverage, and the leverage of futures can reach 10 times at most, The size of the position is determined by the customer's capital. Generally, a slightly larger fluctuation will not cause the customer to burst the position, so that the profit customers will not be allowed to share the system loss. Then the customer's profit capital can be fully recorded<

circuit breaker price mechanism:
the exclusive digital currency circuit breaker mechanism is provided. When the price fluctuates sharply in a short time, such as 10% within a few minutes, the circuit breaker mechanism will be triggered. If the price exceeds the circuit breaker price within one minute, the Commission will stop reporting. If the circuit breaker price is still maintained after one minute, the circuit breaker price will continue to be expanded. At this time, the client can continue to commission, But still can not exceed the current price. In this way, the fairness of the trading environment is prevented from being affected by human malicious entrustment, and the price manipulation is also avoided

- "detailed explanation of lightcoin Futures Rules"

8.

Why develop digital currency? From the perspective of the central bank, there are six advantages:

first, to improve the convenience and transparency of economic transactions; second, to rece the high cost of the issuance and circulation of traditional paper money; third, to better support economic and social development; fourth, to help the comprehensive realization of Inclusive Finance; fifth, to rece money laundering, to promote the development of the economy and society Sixth, improve the central bank's control over money supply and circulation

steps of digital currency development:

the first step,

first, we need to download the source code of a blockchain system from git, such as choosing the backbone code of bitcoin to download the relevant source code

At the same time, prepare the corresponding compiling environment (c + + is recommended in Linux) and install the corresponding development environment and tools

the second step and

code all need to be compiled, so you need to prepare the compilation environment and tools, download the environment compilation tools, configure

system environment variables, QT environment and other files, and compile commands are described in detail in the files in ITC source code

however, the construction of the system and development environment, program compilation and other processes are cumbersome, so it is not recommended for ordinary users to make their own. For developers, it may take 2-3 days to install and configure for the first time

the third step,

take bitcoin development as an example, it is the development environment of Q. after downloading the source code and configuring the environment, open the source code of the bitcoin core in qtcreator, configure relevant files and compilers, and start to try to compile the client of the bitcoin core

Step 4,

transform into your own digital currency, open each source file, find the corresponding local adjustment parameters, such as adjusting

the number of coins in each block, the total output, the adjustment difficulty, and so on. Then the most critical point is to change the name to your own currency

name as you want, and don't forget to replace the related icons in the resource folder. If all goes well, after re compiling, your new coin will be invented successfully

for the development of this digital currency, the technology is relatively professional, so it is better to have a professional team to assist

framework for digital currency development:

1. Build ethereum private chain test environment and public chain node environment configuration

2. Ethereum transaction and confirmation principle

3. Ethereum JSON RPC interface

4. Ethereum transfer and withdrawal principle

5. The server connects Ethereum public chain interface, and its own server stores business data, Public chain storage transaction anonymous data

6, private key security processing

the following is the development code example:

for example, the common digital currency wallets in the market are:

app class: kcash Imtokenweb: myethereumwallet Google browser plug-in: metamask

one of the most commonly used is imtoken

blockchain transaction technology concept:

let's take a look at how blockchain transaction is handled with bitcoin as an example. In order to send a certain amount of bitcoin to another wallet, you need the following information: the address to send the funds to your wallet, the amount of cryptocurrency you want to send

the ID of the recipient's wallet

each transaction is signed with a unique confidential private key. Once the payment is signed by the sender, it becomes publicly available. The transaction still needs to be confirmed so that the payee can get the money. In order to confirm the transaction, it is necessary to generate a new chain block

these blocks are generated by complex mathematical calculation to find the unique key. It takes 10 minutes to create a new block, and the person who finds the key gets a certain amount of coins as a reward. Once a new block of the chain is created, it is not possible to remove it from the database or change the information in some way. Therefore, blockchain transaction is final and irreversible

three core advantages of digital currency:

first, digital currency is a fair currency

digital currency has no specific issuing institution, is not issued by a country, only depends on a specific algorithm, which means that digital currency can not be manipulated by manipulating the number of issues, so digital currency is a free, non-state currency

we can see that there are many countries that directly recognize the virtual currency, so if there is a demand, it needs a trading platform

many investors who want to build a virtual currency trading platform now, why can't they go to these areas to build a trading platform? Building a virtual currency trading platform is a good business opportunity, isn't it

Second, the security factor of digital currency is higher.

although the emergence of paper money facilitates the transactions in our daily life, there are risks of being stolen and received. Although e-money can avoid these risks, there will be new problems such as theft and swiping

digital currency can avoid the above problems. And broadcast every transaction record on the network. Yes, all nodes save all the currency circulation information, so that any node can easily find the currency circulation before the transaction

Thirdly, the transaction of digital currency can realize anonymous transaction. Although you can query the flow information of each account according to the local complete transaction records

but we can't know who the owner of this account is, and no one has the ability to manipulate the digital currency on other people's accounts, which protects the privacy of users

if you also hold trading digital currency, foreign exchange gold, crude oil, contract Futures:

9. Certainly, it can't. what's the point of his introction? It's to encourage all people to participate. Digital currency is a trend in the future, such as the recent chaos of Saipan coin and Yuanbao coin

10. No. Now you see the most domestic these are fake, fraud agencies