Explanation of terms in virtual currency
virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies
virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software
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real risk
as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers
fraud
the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players
Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>
impact system
in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies
if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation
reference: network virtual currency
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
warm tips:
1. The above information is for reference only, without any suggestions
2. It is risky to enter the market and investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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blockchain blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism and cryptocurrency algorithm. Is a shared distributed ledger in which transactions are permanently recorded through additional blocks
2, block - block
in the bitcoin network, data will be permanently recorded in the form of files, which we call blocks. A block is a set of records for some or all of the latest bitcoin transactions and is not recorded by other previous blocks
3. Node -- a of the ledger operated by the participants of the blockchain network
Decentralization is a phenomenon or structure, which can only appear or exist in a system with many nodes or in a group with many indivials. The influence between nodes will form nonlinear causality through the network5. Consensus mechanism
consensus mechanism is to complete the verification and confirmation of the transaction in a very short time through the voting of special nodes; For a transaction, if several nodes with unrelated interests can reach a consensus, we can think that the whole network can also reach a consensus
6. POW -- proof of work refers to how much money you get depends on the amount of work you contribute to mining. The better the performance of the computer, the more money you will be given
In POS mode, your "mining" income is directly proportional to your currency age, and has nothing to do with the computing performance of the computer8. Smart contract
smart contract is a kind of computer protocol which aims to spread, verify or execute the contract in an information way. Smart contracts allow trusted transactions without a third party, which are traceable and irreversible
9, time stamp
time stamp refers to the string or encoding information used to identify the recorded time and date. The international standard is ISO 8601
Turing completion refers to the ability of a machine to perform calculations that any other programmable computer can perform DAPP decentralized application is an open source application that runs automatically, stores its data on the blockchain, motivates it in the form of cryptocurrency token, and operates with protocols showing valuable proof Dao, a decentralized autonomous organization, can be regarded as a company that operates without any human intervention and gives all forms of control to a set of unbreakable business rules13. Privatekey - private key
a private key is a string of data that allows you to access a token in a specific wallet. As cryptocurrency, they are hidden except for the owner of the address
14. Publickey -- public key
is paired with private key. The public key can calculate the address of the currency, so it can be used as a certificate to own the address of the currency
15, miner
try to create a block and add it to the computing device or software on the blockchain. In a blockchain network, when a new effective block is created, the system will automatically give the block creator (miner) a certain number of tokens as a reward
16. The mine pool is a fully automatic mining platform, which enables mining machines to contribute their computing power to mine together to create blocks, obtain block rewards, and distribute profits according to the proportion of computing power contribution (that is, mining machines access the mine pool - provide computing power - obtain income)
17, public chain
fully open blockchain, refers to anyone can read, anyone can send transactions and transactions can be effectively confirmed, people all over the world can participate in system maintenance, anyone can read and write data through transactions or mining
18. Private chain
write permission is only for the blockchain of a certain organization or a specific few objects. Read permission can be open to the outside world or restricted to any extent
19, alliance chain
consensus mechanism is a blockchain jointly controlled by several designated institutions
20, side chain
wedged side chains technology, which will realize the transfer of bitcoin and other digital assets between multiple blockchains, which means that users can access the new cryptocurrency system when they use their existing assets
21, cross chain technology
cross chain technology can be understood as a bridge connecting the blockchains, and its main application is to realize atom transaction, asset conversion, information exchange within the blockchain, or solve Oracle problems among the blockchains
22. The hard fork
blockchain has permanent divergence. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks proced by the upgraded nodes, and usually the hard fork will occur
23, soft forking
when the new consensus rules are released, nodes that have not been upgraded will proce illegal blocks because they do not know the new consensus rules, which will lead to temporary forking
24, hash -- hash value
generally translated as "hash", but also directly transliterated as "hash". In short, it is a function that compresses messages of any length to a message digest of a fixed length
25, main chain
the word "main chain" comes from the main network (, relative to the test network), that is, the officially online and independent blockchain network
for those who don't know the "jargon" in the currency circle, let's learn it as soon as possible:
1. What is legal currency legal currency is legal tender, which is issued by the state and the government. It is only guaranteed by the government credit, such as RMB, US dollar and so on 2. What is a token token, usually translated into token. Token is one of the important concepts in blockchain. Its more well-known name is "token". However, in the view of professional "chain circle" people, its more accurate translation is "token", which represents a proof of rights and interests on the blockchain, rather than currency token one is digital proof of rights and interests, which must be in the form of digital certificate of rights and interests, representing a right, an inherent and intrinsic value
3. What is warehouse building
the establishment of a position in a currency circle is also called opening a position, which refers to a trader's new purchase or sale of a certain amount of digital currency
What is Sohasuoha refers to investing all the principal
What is airdrop
airdrop is a very popular marketing method of cryptocurrency. In order to let potential investors and cryptocurrency enthusiasts get token related information, token teams often air drop tokens
6. What is lockup position locking generally refers to investors opening a new position opposite to their original position when the market moves in the opposite direction after the sale and purchase contract, which is also called lock, lock order, or even butterfly double flying doughnut candy is a kind of free digital currency issued to users when all kinds of digital currencies are just issued in ICO. It is a kind of momentum and publicity of the project itself by the issuers of virtual currency projects
breaking refers to falling below, and issuing refers to the issuing price of digital currency. Broken currency circle refers to the price of a digital currency falling below the issue price
What is private placementprivate placement is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for platform operation
What do you think of the K-line diagram
K-line chart is also called candle chart, Japanese line, yin-yang line, bar line, red and black line, etc., commonly referred to as "K-line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle
What is hedging
General hedging refers to two transactions which are related to the market, opposite in direction, equal in quantity and balanced in profit and loss. In the futures contract market, buy the same number of positions with different directions. When the direction is determined, close out the positions in the opposite direction and keep the positive direction to make profits
What is the positionposition is a kind of market agreement, which promises the initial position of the sale and purchase contract, and the buyer is long and in the expected position; The selling contract is short and in the expected position
What are the advantagesgood news: refers to the news that the currency gets the attention of the mainstream media, or a breakthrough in the application of a technology, which is concive to stimulating the price rise
14. What is bad news
bad news: news that causes the price of bitcoin to fall, such as technical problems of bitcoin, central bank's crackdown, etc
What is reboundthe phenomenon of currency price rising e to rapid decline in the downward trend. The recovery is less than the decline
What is leverage
leverage trading, as the name suggests, is to use small amount of funds to invest several times the original amount, in order to obtain multiple returns or losses relative to the fluctuations of the investment object
in the whole crushing equipment series, the price of cone crusher is relatively high, and many users are also confused about it. In fact, cone crusher has great advantages in performance, which can not be replaced by other crushing equipment< The cone crusher is generally used for secondary crushing in crushing equipment, but the equipment also has a large crushing ratio, which can crush large stones. And the processing capacity can reach 400-1814 T / h
the cone crusher combines higher speed and stroke, which greatly improves the rated power and throughput of the equipment, and improves the crushing ratio and proction efficiency. Large crushing ratio and efficient proction capacity are the effective guarantee to improve proction efficiency< The cone crusher adopts a special crushing chamber designed according to the principle of lamination between grains and its matching rotating speed, which is not possessed by other crushing equipment. Therefore, the cone crusher has considerable advantages in the finished grain shape, which can realize the selective crushing of materials, The fine material ratio and cube content of the proct are significantly increased, and the needle and flake materials are greatly reced. This is also one of the reasons why many high-quality sand and stone crushers choose cone crusher
3. Simple maintenance and low proction cost. Although cone crusher is higher than other crushing equipment in terms of price, it is very cost-effective to choose cone crusher in terms of proction cost. Cone crusher has advanced crushing principle and technical parameters, reliable operation and low operation cost; All parts of the equipment have wear-resistant protection,
the maintenance cost is reced to the minimum, and the general service life can be increased by more than 30%; The unique design of thin oil lubrication system greatly improves the service life of the equipment
4. Automatic control, flexible application, cone crusher with hydraulic protection device, high degree of automation, when the proction of the equipment occurred in the case of iron and instantaneous stuffy car, hydraulic jacking, automatic discharge, greatly recing the original spring cone crusher need to stop for manual discharge trouble. At the same time, according to the different uses of finished materials, cone crushers can be divided into short head type, medium type and standard type, which are suitable for fine crushing, fine crushing and medium crushing respectively. Users can choose according to proction demand, convenient and flexible
the above information is provided by zhengkuang machine, hope to help you, thank you~~
buy back, also known as compensation trade, refers to a party's commitment to buy a certain number of procts proced by the machinery or technology while exporting the machinery or technology to the other party. This is the basic form of proct repurchase. Sometimes, the two parties can also purchase other procts provided by the importing party through agreement. Buy back method is relatively simple, and is concive to the cost accounting of enterprises, which is widely used
bitcoin, Leyte coin, Ruitai coin and doggy coin are generally not suitable for this mode, and most of them are MLM coins.
Quasi currency, also known as "quasi currency", can be converted into currency at any time, but can not be directly used for payment of bank time deposits and government bonds. Because bank time deposits and government bonds are not money in themselves, they can not be directly used as means of circulation and payment, but they can be easily converted into a certain amount of money
Therefore, quasi currency is a kind of potential currency, which has a direct impact on the currency circulation, especially in the period of inflation, they may turn into real money at any time, thus increasing the money supply and aggravating the severity of inflationquasi currency mainly consists of bank time deposits, savings deposits and various short-term credit circulation tools, such as treasury bonds, savings certificates, foreign exchange bonds, overseas Chinese exchange bonds, financial cards, etc
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types:
quasi currency, which is closely related to RMB, is becoming more and more popular among collectors. There are several common bills in the market:
foreign exchange bills:
foreign exchange bills are securities issued by the people's Bank of China authorized by the State Council since April 1, 1980. There are two kinds of pages in 1979 and 1988. The total face value of the full set is 316.60 yuan. There are eight kinds of coupons: 1 jiao, 2 jiao, 5 jiao, 1 yuan, 5 yuan, 10 yuan, 50 yuan and 100 yuan. On January 1, 1994, the Bank of China announced the suspension of the circulation of foreign exchange certificates and the time limit for their exchange and recovery. Since then, it has become a collection of "new favorite."
overseas remittance voucher:
overseas remittance voucher is a kind of negotiable securities issued by China in 1960 and 1982 respectively, but the overseas remittance voucher issued in 1982 is called "overseas remittance material supply voucher". In 1960, when the economy was in a difficult period, the overseas remittance voucher could be used to buy a variety of popular goods at designated stores. Its face value can be divided into 5 yuan, 10 yuan, 50 yuan and 100 yuan, which can be divided into three types: Food ticket, meat ticket and non-staple food ticket. It is becoming a "hot commodity" for collectors