Exposure of virtual currency
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
Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money
except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999
the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization
Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics
Because now people are influenced by some comments on the Internet, such as bitcoin, its value has increased many times since it came into being, people think that virtual currency should be a very promising thing, so many people follow suit
if you really have a lot of spare money, you can consider investing in some stable bonds, some science and technology innovation board and stocks, but don't invest too much in virtual currency
the more well-known MLM currencies in the circle, such as Vicat, Baichuan, Morgan and so on. Cloud mining machine, compound interest offer, split offer, mutual aid offer, static income offer and dynamic income offer are also known as typical Ponzi schemes
bitcoin, Leyte coin, doggie coin and the tokens of European crowdfunding platform's crowdfunding projects are the real digital currencies.
Ponzi scheme is a kind of fraulent investment operation. It uses investors' own money to pay investors in return, or new investors' money to pay old investors, rather than the company's own money. When there are not enough new investors to join, the Ponzi scheme will collapse, and the final investors will suffer
virtual currency is a free software project without a central management organization, so no one can make a false statement about the return on investment. Just like other major currencies, such as gold, US dollar, euro and yen, virtual currency can not guarantee purchasing power and exchange rate is free floating. The resulting volatility makes it impossible for virtual currency holders to predict profits or losses
at present, the more well-known virtual currencies are bitcoin, Fuyuan and Laite
however, there are many kinds of money used in pyramid schemes under the guise of virtual currency and bitcoin, such as the token financing scam reported by CCTV, the Vicat and BBT minting pyramid schemes exposed by bitcoin home.
blockchain is an important concept of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of all bitcoin network transactions in the past ten minutes, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block. The concept was put forward in the white paper of Nakamoto, which holds the first block, namely & quot; Chuangshi Block & quot
the latest technology application of blockchain: bitcoin technology emerged in 2008, which provides a decentralized credit establishment paradigm without trust accumulation. The essence of blockchain technology is a decentralized and distributed data storage, transmission and proof method. It replaces the dependence of the Internet on the central server with data block, so that all data changes or transactions are recorded on a cloud system. In theory, it realizes the self proof of data in data transmission, This goes beyond the traditional and conventional information verification paradigm which needs to rely on the center, and reces the global & quot; Credit & quot; This kind of peer-to-peer verification will proce a kind of & quot; Basic protocol;, It is a new form of distributed artificial intelligence, which will establish a new interface and sharing interface between human brain intelligence and machine intelligence
the function of bitcoin wallet depends on the confirmation with the blockchain, and an effective inspection is called a confirmation. Usually, a transaction needs to obtain several confirmations. The lightweight (SPV) bitcoin wallet, whose client only needs to store the data related to the user's disposable transactions locally, does not store the complete blockchain
blockchain technology is the core of many encrypted digital currencies, including bitcoin, Ethereum, lightcoin, dogcoin, etc. The ways to maintain blockchain include proof of work (proof of work), proof of stake (POS), authorized proof of stake (dpos), pool verification pool, ripple consensus mechanism, etc. At present, people are exploring a more decentralized rotating witness mechanism.
The popularity of digital currency is very high in recent years. People have different opinions on digital currency. Some people support it, while others think it's just another gimmick. As ordinary people, we can invest in digital currency, but at the same time, we should be alert to those who use digital currency to defraud or even pyramid schemes. GEC environmental protection currency has been popular in Hubei for a period of time. Many people have promoted this so-called new digital currency. However, after the investigation by reporters and police, it is found that this digital currency is actually a fraud{ RRRRR}
MLM organizations exist all the time, but they often change their face. They use whatever is popular to publicize . Now that digital currency is popular, they use digital currency to cheat. Here, I also hope that the police can take these groups seriously and try to bring them to the end
if you don't know much about virtual currency, it is recommended to go to bitcoin house to make up for it. If you want to play virtual currency, it is recommended to go to some virtual currencies with good application scenarios. Bitcoin is the originator of digital cryptocurrency, a small-scale social experiment; Dog Coin focuses on charity and small reward; Ruitai coin is an asset packaging system using blockchain technology; Thousand gold card is mainly used in mall payment.