Digital currency linked to gold and silver

1.

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

digital currency:

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

Second, the characteristics are different:

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

Cryptocurrency:

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

2.

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

3.

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 it can allow real-time transaction and borderless 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, these currencies may be used to purchase physical goods and services, but they may also be restricted in some communities, such as online games

digital currency is the currency balance that is electronically recorded on stored value cards or other devices. Another form of electronic currency is network currency, which allows value transfer on computer network, especially on the Internet. E-money is also a creditor's right to other financial institutions such as private banks or bank deposits

digital money can be centralized, that is, it has a central point to control the money supply, or it can be decentralized, that is, the control power can have different sources

4. Digital currency is the trend, but I don't know when it will be released in China. I haven't heard of the currency you said, and it may not be issued. Otherwise, there will be no news on the Internet.

5.

In the digital currency market, the X after each coin represents an unknown probability of a growth value of each bitcoin; Digital currency is usually issued and managed by developers and accepted and used by members of a specific virtual community

The digital representation of value is not issued by the central bank or authority, and has nothing to do with fiat money, but because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded electronically

At the present stage, digital currency is more like an investment proct, because there is no strong guarantee institution to maintain its price stability, and its value measurement function has not been shown, nor can it be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investors

extended information:

features of digital currency:

low transaction cost: compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to a third party, and the transaction cost is lower, especially compared with cross-border payment, Cross border payment to payment service providers costs more

fast transaction speed: the blockchain technology used in digital currency is decentralized, and it does not need any centralized institutions such as clearing center to process data, so the transaction processing speed is faster

high anonymity: in addition to the physical form of money intermediary participation can achieve point-to-point transactions, one of the advantages of digital currency compared with other electronic payment is that it supports remote point-to-point payment, it does not need any trusted third party mediation, and both parties can complete the transaction in a completely unfamiliar situation without mutual trust, which is higher anonymity

6. Digital currency is an alternative currency in the form of electronic currency. It 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. It is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currencies, such as bitcoin, lightcoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography
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

7. It is wrong to say that China's digital currency comes from the people, because it comes from the present. Science.

8. The application scope of online token is generally limited to the consumer items of the issuing company, such as q-coin, which can only purchase value-added services (such as red diamond and yellow diamond) and online game consumption (such as flying car and dazzling dance) under Tencent
at present, virtual currency only has the value of speculation and collection, and there are not many real instries that accept virtual currency payment

9. The Bretton Woods monetary system refers to the international monetary system with us dollar as the center after World War II. As a supplement to the Bretton Woods conference in 1944, GATT, together with the agreements adopted by the conference, is collectively referred to as the "Bretton Woods system", that is, the multilateral economic system with foreign exchange liberalization, capital liberalization and trade liberalization as the main contents, which constitutes the core content of the capitalist group in accordance with the principles formulated by the United States, The system to realize the economic hegemony of the United States. The establishment of the Bretton Woods system promoted the recovery and development of the post-war capitalist world economy. Due to the frequent outbreak of dollar crisis and American economic crisis, and the inextricable contradiction of the system itself, the system came to an end in 1973<

Introction

origin of the name
"Bretton Woods system" refers to the international monetary system with us dollar as the center after World War II. In July 1944, representatives of major western countries established the system at the international monetary and financial conference of the United Nations. Because the conference was held in Bretton Woods, New Hampshire, the United States, it is called the "Bretton Woods system."

Introction to the system
the Bretton Woods system is a gold exchange standard system based on the US dollar and gold. Its essence is to establish an international monetary system with us dollar as the center. The basic contents include US dollar pegged to gold, currencies of other countries pegged to us dollar and the implementation of fixed exchange rate system. The operation of the Bretton Woods monetary system is closely related to the credibility and status of the US dollar<

play a role

the Second World War broke out. After several years of war, people found that the United States became the biggest winner of the war at the end of the Second World War. The United States not only won the war in the end, but also made war money economically. According to statistics, at the end of the Second World War, The gold owned by the United States accounted for more than 75% of the total official gold reserves of all countries in the world at that time. Almost all the gold in the world flowed to the United States through the mechanism of war. In July 1944, the United States invited representatives of 44 governments participating in the preparations for the establishment of the United Nations to hold a meeting in Bretton Woods. After heated debate, all parties signed the "Bretton Woods Agreement" and established a new international monetary system after the collapse of the "gold standard". The Bretton Woods system is actually an international gold exchange standard system, also known as the dollar gold standard system. It made the US dollar in the central position in the post-war international monetary system, and the US dollar became the "equivalent" of gold. The United States undertook the obligation to exchange the official price for gold. Only through the US dollar can the currencies of various countries have relations with gold. The US dollar is in the central position and plays the role of world currency. Since then, the US dollar has become the payment means of international settlement and the main reserve currency of various countries. The Bretton Woods system is a gold exchange standard system based on US dollar and gold<

background

in the 20 years between the two world wars, the international monetary system was divided into several competing currency groups, and the currencies of various countries competed
Click to see the picture
Bretton Woods system conference negotiation
devalued and volatile< In the late stage of the Second World War, the British and American governments conceived and designed the post-war international monetary system for their own interests, and put forward the "white plan" and "Keynes plan" respectively“ "White plan" and "Keynes plan" both aim at establishing international financial institutions, stabilizing exchange rate, expanding international trade and promoting world economic development, but they operate in different ways. Since the United States became the world leader of capitalism after the world economic crisis and World War II, the international status of the US dollar has been stabilized because of its strength in international gold reserves. In April 1944, the two sides reached a "joint statement of experts on the establishment of the International Monetary Fund" reflecting the white plan<

the key person to establish the Bretton Woods system is Harry white, former assistant secretary of the Treasury of the United States. Relying on the post-war status of the United States as a great power with two-thirds of the world's gold reserves and strong military strength, his proposal to strengthen the status of the US dollar defeated Keynes, the head of the British delegation and a great economist, The "white plan" became the blueprint for the final resolution of the Bretton Woods conference< On July 1, 1944, economic envoys of 44 countries or governments held the United Nations Monetary and financial conference in Bretton Woods, New Hampshire, to discuss the post-war world trade pattern. After three weeks of discussion, the meeting adopted the International Monetary Fund Agreement and the international bank for reconstruction and development agreement based on the "click to view pictures
Bretton Woods conference
White plan", and established the international monetary system centered on the US dollar, namely the Bretton Woods system.