International standard of virtual currency

1. Virtual property is not protected by law at present! Money in society is just a kind of special commodity to facilitate economic exchanges, which is issued by special state institutions. Moreover, money can not be issued indiscriminately. If the ratio between the currency in circulation and the country's GDP is out of balance, it may lead to one of two consequences: first, inflation. 2、 Economic crisis. Every year, the country carries out macro-control and evaluation on the gross output value of the economy, so as to determine the amount of money issued in the next year. To maintain the economic balance of the country. Now you can think about how money comes from in the virtual society of online games. The answer is very simple. Most of the money in the game is earned by killing monsters or virtual skills. No game has a special currency issuing agency. In other words, money can grow infinitely in the game. So inflation is very common in the game. Similarly, other virtual items in the game can be increased infinitely, regardless of the daily economic law, as long as they are used by appropriate means (such as plug-ins). If we link these two kinds of property completely affected by different economic laws, what will be the consequences?

2.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

3. Virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
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
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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4.

1. Bitcoin

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and the P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

2, Ethereum

Ethereum (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. Developers need to pay for eth to support the operation of the application. Like other digital currencies, they can be traded on trading platforms

3. Litecoin

litecoin It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world

lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization

Dogcoin, which is called dogcoin / dogcoin by some people, was born on December 8, 2013. Based on the crypt algorithm, dogcoin is the second largest virtual currency in the world after bitcoin in terms of the number of users

digital currency is a global common currency initiated by non-governmental organizations. It does not belong to a certain country, but belongs to all mankind. It has the advantages of fast global transfer. For example, it can remit money from China to the United States in a few seconds, and the cost is low, and the total amount will not be increased at will like legal money, so the total amount is relatively stable

Yuanbao coin is a virtual digital currency similar to bitcoin. The founder of yuanbaocoin is a group of bitcoin enthusiasts and the earliest supporters. However, after seeing the problem of bitcoin, he decided to do his best to develop an electronic currency suitable for Chinese people with the latest technology

Ppcoin was pre released by sunny king on August 11, 2012 and officially released on August 19, 2012. Ppcoin's biggest innovation is that its mining method combines POW workload proof and POS equity proof. POS mining method only needs ordinary computers and clients to process transactions and maintain network security, so as to achieve the purpose of energy saving and security

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

in businesses that support Kat coin consumption, you can directly use Kat coin for consumption payment

8, quark money

based on six encryption algorithms (black, BMW, groestl, JH, keccak, skein), nine rounds of super secure hash operation of virtual money, three rounds of application of random hash function, quark money has unique technical specifications

9, infinity coin

infinity coin (IFC) is a new digital currency, which has more circulation advantages than bitcoin, and fills the short board of bitcoin in the field of commercial circulation and promoting commercial operation

one transaction of infinite coin needs three confirmations, each confirmation takes 30 seconds, and the transaction confirmation speed is very fast. Because bitcoin transaction needs 6 confirmations, which takes about 1 hour, and lightcoin transaction takes 15 minutes, infinite coin is used in daily common transactions, which is more practical

Common coin, English name popular coin, or POC, was born on March 7, 2014. The total POC is close to the world population (7.057 billion)

POC is a super secure hash operation based on nine rounds of six encryption algorithms (Blake, BMW, groestl, JH, keccak, skein), which is suitable for CPU mining. It generates a block every 15 seconds, with a total of 7.057 billion (close to the world population)

extended data

virtual currency refers to non real currency. Well known virtual currency, such as network company's network currency, Tencent company's Q currency, Q point, Shanda company's voucher, Sina's Micro currency (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver pattern (used for bixue Qingtian game)

the popular digital currencies in 2013 are bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, pennies (Internet), invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

5. In the global real life does not appear, does not exist with the real life, but has a considerable value of currency called virtual currency, such as bitcoin, token, Leyte coin, Yuanbao coin

6. According to the roadmap published on the official website, there are two major branches, one is the expansion of underlying functions, the other is the optimization of user experience. The underlying function expansion is mainly to develop new functions on the basis of peer-to-peer payment to support the long-term vision of a real Internet of value (IOV). For example, expand Op_ Return, optimizing the cache architecture for balance, anonymity on the chain, and native protocol component based on op code are designed to support the implementation of functionality
there are two main reasons why user experience optimization is listed separately. First, LBTC wants to build an excellent peer-to-peer e-cash system. Its basic idea is to put payment experience and user first, so it puts it at a high level, such as cross platform light wallet, accelerating payment confirmation speed, optimizing irreversible block mechanism, etc. Second, LBTC has always emphasized superior chain governance system. Before that, there was a standardized SGS (spark governance system) governance system, but it still needs to constantly improve the relevant mechanisms. For example, we should greatly optimize the node parameters and election mechanism, establish the LBTC foundation, multi-channel proposal process, and light wallet's support for the governance function on the chain.

7. At present, there is no internationally certified virtual currency in the world. The most recognized virtual currency is bitcoin. At present, bitcoin has been widely recognized in the world, and its underlying protocol is sought after by traditional financial institutions. However, bitcoin is not recognized by all people and countries. Some countries still ban bitcoin. Other virtual currencies, not to mention, are unlikely to gain global recognition
at present, bitcoin, Wright coin, reborn coin, doggy coin, Fuyuan coin and so on are well-known digital currencies in the world.

8.

CNY

CNY (Chinese yuan) is the currency symbol assigned to China by ISO, and the Chinese name is RMB. The abbreviation of RMB is the combination of the initial letters of its Chinese Pinyin, that is, RMB & #;, But its standard currency symbol is CNY

CNY is the only standard symbol of RMB in international trade. Now it has replaced RMB; It is used for foreign exchange settlement and domestic settlement. However, when it is used for domestic settlement, it is RMB & # 165 without confusion; It still works

extended data:

reasons for use

in the identification of the international organization for standardization, the internationally recognized currency symbol of RMB is CNY, which is e to the difference made by the monetary unit of several Asian countries, such as JPY for yen

because Chinese Pinyin has little influence in the world, it is not concive to Chinese currency going to the world and becoming a freely convertible currency

therefore, if "RMB" is changed to "Chinese yuan", it can be linked with the currencies of Hong Kong, Macao and Taiwan, and "China dollar" can be abbreviated as "CN & # 165;", In line with the international currency abbreviation, its abbreviation is just close to the current standard currency symbol "CNY" of China's currency in the international financial market

9. With

bitcoin architecture, it is impossible to be completely open, because a fully open distributed verification system will not be able to avoid malicious participants. The latter can set up a large number of garbage nodes to control the verification of bitcoin. To avoid junk nodes, bitcoin requires participants to provide "proof of work". At the same time, those who work hard to establish verification nodes will be rewarded with a bitcoin or transaction fee - a process commonly known as "mining"

this is only the first step towards closure. The real reason why the system has become closed is that the issuing speed of bitcoin must remain stable, so "hard work" can only be set as relative. In other words, more and more bitcoin can not be issued just because more people participate in mining. On the contrary, the more people mining, the more computing power needed to set up new nodes.

10.

Currency name currency symbol currency name currency symbol
RMB (RMB) USD
Japanese yen JPY Euro EUR
GBP DEM
Swiss Franc CHF French franc FRF
Canadian dollar CAD Australian Dollar AUD
Hong Kong dollar HKD Austrian shilling ATS
Finnish mark FIM Belgian Franc bef
Irish pound IEP Italian lira it L
Luxemburg Franc LUF Dutch guilder NLG
Portugal Escudo PTE Spain peseta ESP
Indonesian rupiah IDR malaysia ringgit Myr
New Zealand dollar NZD Philippine Peso PHP
Russian Ruble sur Singapore dollar SGD
Korean dollar KRW THB
currency code
Afghani - AFA
UAE diram Dirham - AED
Albania Lake - all
Algerian Dinar - DZD
Andorra French franc - FRF
Armenia DRAM - amd
Antilles guilder - ang
Angola new Kwanza - AON
Argentina Peso - ARP
Austria s Chilling - ATS
Australian dollar - aud
Anguilla East Caribbean Dollar - XCD
Aruba Florin - AWF in florin, Aruba
Antigua and Barbuda East Caribbean Dollar - XCD
azerjan manat - AZM, Azerjan
bosn, Bosnia and Herzegovina IA and Herzegovina Convertible Mark BAK
Barbados dollar Barbados Dollar BBD
Belgium Belgian Franc Belgium Franc - BEF
Bulgaria Lev: - Burundi / franc, Brazil franc, Bahamian archipelago, yuan, Brazil, and Brazil. Azilian Real - BRL
Bhutan rupee Bhutan Rupee BTR
Botswana Botswana Pula BWP
Honras yuan Belize Dollar - BZD
Canada Dollar yuan - Benin / franc, Benin franc, Congo, franc, Chinese, the Chinese people China yuan renminbi - CNY
Colombia Peso - cop
Costa Rica Rica colon - CRC
Czech Republic Koruna - CZK
Cuba Peso - Cup
Cape Verde Escudo - CVE
Cyprus pound - CYP
British pound - GBP
German Deutsche Mark -DEM
Denmark Krone - DKK
Dominican Republic peso - DOP
Burkina Faso CFA franc - XAF
Ecuador Sucre - ECS
Burma kyat - MMK
Estonia Kroon - eek
Egyptian Pound - EGP
Eritrea Nakfa - ern
Spain SATA space peseta - ESP
Cambodia Riel - KHR
Ethiopia birr - ETB
Cameroon CFA franc - XAF
Euro - EUR
Finland markka - FIM
Fiji Dollar - FJD
France franc - FRF
Central African Republic CFA franc - XAF
Chad CF A franc - XAF
Georgia lari - gel
Ghana CEDI - GHC
Gibraltar pound - GIP
Gambia Dalasi - GMD
Guinea franc - GNF
Greece drachma - GRD
guatemala quetzal - GTQ
Guyana dollar - GYD
Hong Kong dollar - HKD
New Zealand Dollar - NZD
Croatian Kuna - Hrk
Haiti gourde - HTG
Hungarian Forint - HUF
Indonesia rupiah - IDR
Eire punt - IEP
Israel shekel - ILS
India rupee - INR
Iraq Dinar - IQD
Iran Iran rial - IRR
Iceland Krona - isk
Dutch nder - NLG
Italy lira - ITL
Jamaica dollar - JMD
Jordan Dinar - jod
Japanese yen - JPY
Kenya Shilling - kes
El Salvador colon - SVC
Korea Fresh Korea (North) won - KPW
Equatorial Guinea CFA franc - XAF
Korea (South) won - KRW
Ethiopia birr - ETB
Kuwait Dinar - KWD
Kazakstan tenge - KZT
Laos Lao Kip - LAK
Lebanon pound - LBP
Sri Lankan rupee Sri Lankan Rupiah EE - LKR
Liberia dollar - LRD
Lesotho Loti - LSL
Lithuania LITA - LTL
Luxemburg franc - LUF
Latvia lat - LVL
Libya Dinar - LYD
Morocco Dirham - mad
Moldova Leu - MDL
Malag, Madagascar As franc - MGF
Macedonia denar - MKD
Gabon CFA franc - XAF
Gambia Dalasi - GMD
Mongolia Tugrik - MNT
Macau pataca - mop
Mauritania ouguiya - MRO
Malta lira - MTL
mauritiana rupee - Mur
Maldives (M This paper introces the development of New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's new Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand's New Zealand Cordoba oro - NiO
Guatemalan guatemala quetzal - GTQ
Norway Krone - NOK
Guinea franc - GNF
Nepalese Rupee - NPR
New Zealand Dollar - NZD
Oman Sul rial - OMR
Panama Balboa - PAB
Peru Nuevo sol - pen
Philippines PES O - PHP
Pakistan Rupee - PKR
Poland zloy - plz
Paraguay Guarani - pyg
Qatar rial - QAR
Romania Leu - rol
Russia ruble - RUR
RWF of Rwanda Franc
Saudi Arabia Riyal - SAR
Sudan Dinar - SDD < br />Sweden Krona - SEK
Singapore dollar - SGD
Slovenia Tolar - sit
Slovakia Koruna - SKK
Sierra Leone - SLL
Jordan Dinar - jod
Somalia Shilling - SOS
Syria pound - SYP
Swaziland lilangeni - SZL
THB Thailand baht - THB
Tajikistan rule - TJR
Turkmenistan manat - TMM of Turkmenistan
Tunisia Dinar - TND of Tunisia
Latvia lat - LVL of latovia
Tonga PA & # 39; ANGA - Top
Turkey lira - TRL
Taiwan dollar - TWD
tanzania shilling - TZS
Ukraine hryvnia - uah
Uganda Shilling - ugx
Uruguay Peso - uyu
US dollar - USD
Uzbekstan SOM - uzs
Venezuela Venezuela Bolivar - veb
Vietnam South Vietnam Dong - vnd
Vanuatu vatu - VUV
Yemen rial - yer
Yugoslavia new Dinar - Yun
South Africa Rand - Zar
zambia kwacha - ZMK
Zimbabwe dollar - ZWD
niaragua Cordoba oro - NiO
Nigeria naira - NGN

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