Virtual currency Kat coin

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

extended data:

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

1. Litcoin (LTC) is an improved version of digital currency inspired by bitcoin (BTC). It was designed and implemented by a programmer who worked in Google. It was released on November 9, 2011. Lightcoin and bitcoin have the same implementation principle in technology, but the creation and transfer of lightcoin is based on an open source encryption protocol, which is not managed by any central organization

2. Sunshine coin (SSC for short) is sponsored by Liu Chunyang, vice president of Jinhua express delivery Association of Zhejiang Province, instrial entrepreneur and philanthropist of express delivery instry. As a legal person, Zhejiang Dongyang Yueyin Technology Co., Ltd. is registered with the formal instry and Commerce Bureau, with a registered capital of 10 million yuan. With this as the backing and support, the sunshine elite team affiliated to the company launched the first virtual coin sunshine coin

in 2017, CCTV announced the list of 350 fund pyramid schemes, with Vicat in the list

in May 2018, Zhuzhou County Procuratorate of Hunan Province prosecuted the last four suspects involved in the third batch of the "3.15" Vicat money online pyramid scheme case supervised by the Ministry of public security to the court

4. Amazon coin

Amazon announced in early February 2013 that it is expected to launch Amazon coins in the United States in May 2013. Amazon coins is a new virtual currency that allows U.S. users to buy apps, games and props in the kindle fire. Amazon will provide tens of millions of US dollars of Amazon coins at that time to let users try and consume the apps, games and props in the app on the kindle fire for free

5. Eth is a kind of digital token of Ethereum, which is regarded as "bitcoin version 2.0". It adopts the blockchain technology "Ethereum", which is different from bitcoin. It is an open-source public blockchain platform with intelligent contract results, and a resonance network composed of thousands of computers around the world. Developers need to pay eth to support the application. Like other digital currencies, ether currency can be bought and sold on the trading platform

Katecoin (KTC) is a virtual P2P digital currency that can be used all over the world. Point to point transmission means a decentralized payment system. Unlike most currencies, katcoin does not rely on a specific monetary institution. It is generated by a large number of calculations based on a specific algorithm. Katcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography 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 Kat currency by mass manufacturing. The design based on cryptography can only make Kate money be transferred or paid by the real owner, which also ensures the anonymity of money ownership and circulation transactions. The biggest difference between Kat coin and other virtual currencies is that its total quantity is very limited and has certain scarcity. The annual output of the currency is up to 1 million, with a total of 42 million. In businesses that support Kat coin consumption, you can directly use Kat coin for consumption payment. In the trading platform that supports Kat coin, you can freely buy and hold Kat coin, or sell Kat coin to obtain mobile legal currency

The vulnerability of trading platform. Katcoin network is very strong, but katcoin trading platform is very weak. The trading platform is usually a website, and the website will be attacked by hackers. For example, Mt. GOx, the world's largest virtual currency trading platform, is rumored to be shut down by hackers
the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of Kate currency for cash fluctuates like a roller coaster. It makes katcoin more suitable for speculation rather than anonymous trading
the public did not understand the principle, and the traditional financial practitioners resisted. Active Internet users understand the principle of P2P network and know that katcoin has no legal person to manipulate and control. But the public doesn't understand that many people can't even tell the difference between Kat coin and Q coin“ "No issuer" is the advantage of Kate currency, but in the view of traditional financial practitioners, "no issuer" currency is worthless