Bitcoin cryptocurrency
Differences:
non encrypted currency (enterprise currency):
1, personal behavior
2, company's own currency
3, unable to decentralize
4, unable to trade on international trading platform
5, unlimited issuance
6, no mine website, no original code
7, controllable price, mostly one-way relationship (dining ticket of an enterprise, Qmoney and so on)
open source digital cryptocurrency:
1. Decentralization -- not regulated by indivials, companies and national banks
2. Limited issue
3. Free trade on international trading platform
4. Original code
5. Not taxed, not frozen, uncontrollable price
cryptocurrency advantages:
1. Compared with paper money, Save the cost of printing, data audit, anti-counterfeiting, escort circulation, safe keeping and so on
2. It is impossible to control the number of issues without issuing institutions
3. Borderless. If you use cryptocurrency transaction, directly enter the account address, click the mouse, wait for the network to confirm the transaction, a lot of money will pass
4. Using cryptocurrency in any store can save the cost of tax and capital supervision
5. It is not controlled by the central bank and the quantity is limited, so it can completely resist the pressure of inflation. Let the wealth of the common people keep its value and increase its value The cryptocurrency other than bitcoin is also known as counterfeit currency and competitive currency (English: altcoin). Part of it is a virtual currency similar to bitcoin, which is based on the ideas, principles and source code of bitcoin. At present, more than 800 cryptocurrencies are in circulation
because bitcoin itself does not have an authoritative issuing institution and state power to maintain its authority and uniqueness, bitcoin and its imitators can only get along equally. It is not absolutely exclusive
Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation
development materials:
-
definition of digital currency:
digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />
in fact, virtual currency covers a wider range, including not only q-coin, y-coin and various game coins, but also bitcoin, Leyte coin, doggy coin, ether coin, Ruitai coin and tokens of different crowdfunding projects launched by European crowdfunding platform
cryptocurrency specifically refers to bitcoin, Leyte coin, dogcoin, ether coin, Ruitai coin and the tokens of different crowdfunding projects launched by European crowdfunding platform.
PSTN (public switched telephone network)
is a global voice communication circuit switched network, including commercial and government-owned
includes commercial and government-owned. It also refers to simple old fashioned telephone service (POTS). It is a collection of all circuit switched telephone networks since Alexander Graham Bell invented the telephone. Today, in addition to the final connection between the user and the local switchboard, the PSTN has been fully digitized technically
extended data:
the main components of PSTN network are as follows:
1. Transmission system: cable (cable, optical fiber) is the main, cable and wireless (satellite, ground and radio) are used alternately, and the transmission system transits from PDH to SDH and DWDM
2. Switching system: the switching equipment in the telephone office, the exchange, has been programmed and digitized graally, and the connection process is controlled by computer User system: including telephone, fax and other terminals, and a pair of wires used to connect them with the switch (called user loop). The user terminal has been graally digitized, multimedia and intelligent, and the user loop has been digitized and broadband Signaling system: in order to realize the communication between users, various control signals are provided between exchange offices, which are mainly call establishment and releaseaccess through PSTN:
dial up Internet / Intranet / LAN- Network interconnection between two or more LANs
Although PSTN has some problems in data transmission, it is still an irreplaceable networking medium (Technology). In particular, the application of xDSL technology and procts invented by Bellcore, which is based on PSTN, expands the development and application space of PSTN, making the networking speed between 9mbps and 52mbps