What's the meaning of virtual currency on the Internet

1.

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

2. Commodity is the proct of labor for exchange. Basic attribute value: the value of commodity is the undifferentiated human labor condensed in commodity. Use value: that is, the property that goods can meet people's needs

virtual currency and goods in the network are labor procts used for exchange in the virtual world, but they can not be used as goods in real life. However, if the goods in online games are exchanged with q-coin and q-coin is exchanged with real money in real life, then the goods in online games condense human labor and have value, It's a commodity.

3. Today, with the rapid development of information technology, real money is far from meeting people's demand for capital flow. Virtual currency refers to the information flow or data flow that replaces the real currency in high technology

virtual currency is different from check and wire transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard

according to incomplete statistics, there are no less than 10 kinds of network virtual currency (referred to as network currency) currently in circulation, such as Q currency, u currency, network currency, bubble currency, cool currency, Warcraft gold coin, Paradise currency, Shanda counting, etc. Take Q coin as an example, there are more than 200 million users. Instry insiders estimate that the domestic Internet has a virtual money market scale of several billion yuan per year, and is growing at a speed of 15% - 20%.

4. In fact, it is the proction process and method of virtual currency, in short, it is mining. Let's take bitcoin as an example to show that more people can go to bitcoin home and

anyone can run software on special hardware to become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula
new transactions need to be included in a block with mathematical workload proof before they can be confirmed. This kind of proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, the competition for mining is very fierce, and no indivial miner can control the content contained in the block chain
workload proof is also designed to rely on previous blocks, which forces the time sequence of block chain. This design makes it extremely difficult to cancel previous transactions, because the workload proof of all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner will process the first block received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing capacity
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure.

5. Of course, the central bank will also issue virtual currency. At present, it is suggested to do international work. For example: DGC.. Differentiable

6. It should be Zhengtong building

7. The highest means of deception.

8. There are several big companies in China

9. "Han Tang Xintong" has this information

10. Netcoin (net) is the third largest network virtual currency, which was born in September 2013. Its architecture is better than bitcoin and lightcoin, with a total of 300 million. Compared with those counterfeit currencies with a circulation of tens of billions, net is very rare< When translated into Chinese, netcoin directly means net currency, or net currency for short, and it can also be called Knight coin or knight coin according to homophony. Let's look at the pronunciation of virtual currency:

1. Bitcoin (BTC) code B

2. Litecoin (LTC) code & 321

3. Netcoin (net) code & 9411

it can be seen that net has a similar pronunciation to bitcoin and lightcoin, and net itself means network. Netease of China, netfilx of the United States and other companies are also named in the same type, which makes net and lightcoin have noble quality.