Value representation of virtual currency transaction
the first category is familiar game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the first two types can be regarded as one, which is only a detailed difference in function. Since the end of 2016, the third type of digital currency has quietly entered our life, which refers to the digitization of currency. Digitization doesn't mean scanning. This is just like digital signature. Digital signature does not mean scanning your signature into a digital image, or using the touchpad to obtain the signature, let alone your signature. Digital currency is often mistaken for virtual currency. But virtual currency refers to non real currency. For example, when you play "Three Kingdoms" (game) or "grand Voyage", you have money, which is virtual, that is, the first and second categories we just described. Of course, the virtual money will also have its real value. For example, if you buy her / his account from another player, you can get all the virtual assets of that player, and then it will be much easier for you to continue playing. Virtual money is not necessarily digital. For example, children play games with pebbles as virtual currency
there are also obvious differences between the transaction rules of digital currency and virtual currency. In most cases, the value of digital currency is higher than that of virtual currency, and it needs more strict transaction rules to carry out transactions
the top three currencies of digital currency are BTC eth EOS
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
e-money: in fact, it is the electronization of legal currency, including our common bank card, online banking, e-cash, etc; There are also third party payments developed in recent years, such as Alipay and WeChat payment. No matter what the form of these electronic money is and through which institutions it circulates, its original source is the legal money issued by the central bank
virtual currency: virtual currency refers to non real currency, and its existence state is intangible. The most important difference between virtual currency and electronic currency in narrow sense is the difference of issuers. Virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. For example, game currency, q-coin, and ticket counting are mainly limited to circulation in a specific virtual environment
digital currency: a digital currency that applies the latest digital network technologies such as blockchain and has the characteristics of Distributed Accounting, unique encryption technology and decentralized settlement. Of course, digital tools with these characteristics must be supported by national credit if they want to become sovereign currency or legal tender
commonly referred to as Q / currency and bitcoin, all belong to virtual currency. Compared with digital currency, the most fundamental difference lies in the difference of issuers. Virtual currency is the electronization of illegal currency. The issuer is not the central bank, and it can only circulate in a specific virtual environment, such as Tencent Q / currency and other game currencies; Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency, bitcoin is illegal digital currency.
whether electronic currency can be called currency depends on whether electronic currency can independently perform the function of currency. At present, e-money can play the role of payment and settlement, but e-money is only a quasi currency that may perform the function of currency.
e-money can be divided into two types: one is e-cash based on the Internet environment and keeps the binary data representing the value of money in the hard disk of the computer terminal; One is the electronic wallet that keeps the monetary value in the IC card and can be circulated without the bank payment system
therefore, from an economic point of view, the use of e-money can indeed rece the circulation of paper money