The relationship between token and virtual currency

what is digital currency

digital currency can be used to describe all electronic currencies, including virtual currency and cryptocurrency. Digital currency is a kind of electronic currency without any physical form. Because of its functions and inherent attributes, it is the same as the standard illegal fixed currency, and can also be referred to as the network version of cash. Digital currency is invisible. People need to use and hold it through devices that can be connected to a specific network

T1: eth (the first public chain at present, the underlying platform of Shanzhai coin breeding, and in the speculation of eth2.0) EOS (community consensus + DAPP possible explosion + defi can also join + drop out of high cost performance) Zec (anonymous leader)

T2: Yas (UBI concept, low market value, great potential) atom (cosmos, advantage new public chain), XRP (the decline in 2019 has not risen, so the upward space is still very large) Polkadot dot (Boca, the goal is to surpass Ethereum) KSM (Boca pioneer)

T3: Ada (potential) NEO (myth of 1000 times of the last bull market), ont (strong village), Iost (Iost is currently undervalued, DAPP is also in good development)

there are platform coins in the coin circle, corresponding to HT, BNB, MX

1、 Different definitions:

1. Virtual currency:

virtual currency refers to non real currency

digital currency is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

3. Cryptocurrency:

cryptocurrency is a kind of transaction medium that uses cryptography principles to ensure transaction security and control the creation of transaction units

4. Token (token):

a kind of article whose shape and size are similar to currency, but the scope of use is limited and has no currency effect, and its token is the homonym of token in English

1; It can also be said that virtual currency is personalized currency. In another way, it can also be called information currency

2. Digital currency:

is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities

cryptocurrency is based on the decentralized consensus mechanism, which is opposite to the banking and financial system relying on the centralized regulatory system

4. Token (token):

usually needs to be exchanged for money, used in shops, playgrounds, mass transportation and other places, as a voucher to use services and exchange goods

extended data

at present, digital currency is more like an investment proct, because it lacks a strong guarantee agency to maintain its price stability, and its role as a value measure has not yet appeared, so it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investment company

digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields except digital currency, which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market and financial stability

Bitcoin is a scam

because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end

virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin

extended information:

pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people

bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed

In the field of blockchain, token refers to the negotiable proof of encrypted digital rights and interests, and in a narrow sense, token

and entity token is the token that condenses the entity contribution value, that is, the incentive token issued by the entity enterprise to the user according to the user's value creation behavior by using the blockchain technology. It has three characteristics: legal (forbidding the issuance of air currency), credible (based on blockchain Technology) and value-added (condensing entity contribution)

for example, consumption rebate, reading gold coin, click advertising rebate, etc. are suitable for online and offline consumption and interactive scenes of various enterprises and users

for example:

the transformation and upgrading of Zhongtai alliance company from a traditional enterprise of 28 years to Internet token + ecological agriculture, our token is different from pure blockchain currency and token in the market, they are all virtual currency, but we are entity token, to be exact, enterprise integral token. Buy vegetables and get points, that's all. The technology is provided by the National Institute of administration of the people's Republic of China. Different from ordinary enterprise points, Zhongtai entity pass has the legal attributes of Internet pass: constant total amount, never additional issuance, tamper proof, open and transparent, traceable, tradable, shopping, cash withdrawal, appreciation, legal compliance, central enterprise holding and investment value. It is the first entity pass in the global market at present

China Alliance token is a digital currency attached to entities, which is different from traditional bitcoin; It has all the advantages of blockchain technology, including efficient circulation, decentralized security encryption, and supervision, control and distribution by central enterprises; It is mainly dependent on the energy instry. With the continuous development of the instry, the market value of the token will continue to rise. The company's self-developed online platform will provide a series of follow-up proceres, such as access to pass and use of cash, in addition to shopping

different from the traditional integral, the entity pass is based on the blockchain, inherits the high trust system and high circulation system of the decentralization of the blockchain, and carries the value-added condensation of the real economy, which greatly improves the user's recognition and desire for the entity pass

the ecosphere of entity token can use blockchain technology to help enterprises bind the co creation relationship with users, increase the scene interaction between users and enterprises, and enhance the economic gain of enterprises. Ordinary users can create their own value while using procts

take China as an example, because bitcoin transaction is risky and there is no legal basis for its establishment, it should be purchased cautiously

On the evening of September 13, 2017, the China Internet Finance Association issued a reminder on preventing the risks of bitcoin and other so-called "virtual currencies", pointing out that bitcoin and other so-called "virtual currencies" are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities. Investors should be vigilant and report to the police immediately when they find clues of illegal and criminal activities