The circulation quantity of CRV virtual money
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
extended data
monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform mining: users can explore the computing power of different hardware on many platforms
the definition of traditional currency
traditional currency, that is, currency in the general sense, refers to the paper money and subsidiary currency issued by the central bank, which includes cash and deposits in circulation. Traditional currency has the functions of value scale, circulation means, payment means and storage means< (2) the definition and characteristics of virtual currency, also known as network currency, digital currency and electronic currency, is based on electronic information network, with commercial electronic machines and various transaction cards as the media, with electronic computer technology and communication technology as the means, and stored in the bank's computer system in the form of electronic data, And through the computer network system in the form of electronic information transmission to achieve circulation and payment function of money, is a new payment tool in the late 1990s
virtual currency is a currency symbol with no value of its own, and it is invisible. The exchange between the buyer and the seller is only reflected in the increase and decrease of the deposit balance in the bank account; At any time in any place that the network or device can cover, both parties can complete the transaction as long as there is exchange behavior; Virtual currency has the function of transcending time, space and region, which has greatly improved the speed and efficiency of money media transactions, greatly reced transaction costs, and promoted the process of globalization of capital flow and financial market integration. Virtual currency is a kind of non-standard currency, which has no geographical currency unit
the difference and connection between virtual currency and traditional currency
virtual currency combines cash in circulation with deposit organically by using electronic system. It has the characteristics of deposit in traditional currency, cash and non cash conversion and information display. In the scope of use, it is the same as the traditional currency, mainly used for small transactions; In commodity transaction payment, it also has the characteristics of autonomy of transaction behavior, consistency of transaction conditions, independence of transaction mode and sustainability of transaction process.
the development of this kind of digital currency depends on the quantity. There are more than 30 million digital currencies. Dogcoin is a typical example. Although dogcoin is the digital currency with the second largest number of users in the world after bitcoin, its recent development momentum is not optimistic. The total number of thousand gold cards is only 3 million, but the development momentum is good.
The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer
the total number of radar coins is limited to 1 billion; On July 5, 2014, the first 10 million pieces were owned by Radar Laboratory. As the R & D cost of radar system technology, the remaining 990 million pieces. According to the number issued every day, 50% of them were given to the users holding the currency and 50% were given to the users promoting the currency. Radar currency is money! You can freely exchange legal money and withdraw money to bank card anytime and anywhere
radar coin limited necked issue:
& #10071; The first stage of issuance: from July 2014 to December 2014 (six months), an additional 10% of radar currency will be issued each month; The second stage of issuance: from January 2015 to December 2017 (3 years), 5% additional radar currency will be issued every month
& #10071; The third stage of issuance: from January 2018 to December 2020 (3 years), an additional 3% of radar currency will be issued every month
& #10071; The fourth stage of issuance: from 2021.1 to 2034.06 (13.5 years), 1% additional radar currency will be issued every month
radar currency will be issued globally, with a total amount of 1 billion. According to the program, it will be automatically issued in 20 years, and will never be issued again. It has the monetary function of maintaining and increasing value
one is the total price of goods in a certain period, that is, the sum of the proct of the price of various goods and the quantity of goods; The second is the speed of money circulation, that is, the number of times money changes hands between buyers and sellers in the same period. The formula is:
money demand in circulation (m) = quantity of goods to be circulated (q) × The formula of commodity price level (P) / velocity of money circulation in the same unit (V)
shows the basic law of the change of money demand. From this formula, we can see that the demand for money depends on three factors: the price of goods, the quantity of goods in circulation and the speed of money circulation. The amount of money needed in circulation in a certain period is directly proportional to the total price of goods and inversely proportional to the velocity of the same unit of money. This is the law of circulation of metal money. As for the circulation law of paper money, it is still based on the circulation law of metal money.