What does it mean to make virtual currency

1. virtual currency needs to be developed by a professional development team, not by itself. The development of virtual currency technology has become mature, there is no difficulty in technology, but the positioning of virtual currency is the biggest problem. In fact, bitcoin, Ruitai coin, Laite coin and doggy coin are not very different in technology. The difference is that they have different names, different algorithms, different numbers and different positioning.

2. The people's Bank of China and other five ministries and commissions have made it clear in the notice on prevention of bitcoin risks issued in December 2013 that bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market The circular has previously required that financial institutions and Payment institutions shall not provide bitcoin registration, trading, clearing, settlement and other services for customers. Therefore, blindly "speculation" has risks, and investment needs to be vigilant to follow suit.

3. Today, with the rapid development of information technology, real money is far from meeting people's demand for capital flow. Virtual currency refers to the information flow or data flow that replaces the real currency in high technology

virtual currency is different from check and wire transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard

according to incomplete statistics, there are no less than 10 kinds of network virtual currency (referred to as network currency) currently in circulation, such as Q currency, u currency, network currency, bubble currency, cool currency, Warcraft gold coin, Paradise currency, Shanda counting, etc. Take Q coin as an example, there are more than 200 million users. Instry insiders estimate that the domestic Internet has a virtual money market scale of several billion yuan per year, and is growing at a speed of 15% - 20%.

4. It's the currency used in the virtual world. There is no real object, just a symbol.

5. The mother currency is the total number of virtual coins issued by the system at the beginning. Please accept it

6.

Every other time, the bitcoin system will generate a random code on the system node. All computers in the Internet can search for this code. Whoever finds this code will generate a block and get a bitcoin. This process is often called mining

at present, one bitcoin is divided into eight decimal places based on the current data structure, that is, 0.00000001btc. The smallest unit of bitcoin g by miners is 0.00000001btc

generally speaking, bitcoin is like a gold mountain with a total amount of 21 million gold coins. To get it, players need to use the computing power of the computer to calculate a group of numbers according to the existing algorithms

extended data:

unlike all currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

7.

Bitcoin BTC 2009 Satoshi Nakamoto is bitcoin / org ~ $24.3 billion is SHA-256; LTC 2011 coblee is litecoin / org ~ $3.6 billion is script infinite; IFC 2012 ifccion is ifccoin / ORG~$ $20 million is a script quark, qrk 2012, qrkcion is cgbcion / org - $10 million is a script zeta, ZET 2012 zetcony is ZET / org - $10 million is a script proof of work / POS

8. Connecting with the wallet on the first floor is equivalent to calling LTC to him. It's really bad. It's a cheat for novices
please accept if you are satisfied

9. In short, there are three ways: