Abey virtual currency
In China, digital currency is illegal. According to the regulations, financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance financing and "virtual currency"
it is not allowed to underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" in insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions
extended information:
since the announcement on preventing the financing risk of token issuance was issued, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as a central counter party, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"
for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law
2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
warm tips: ① the above contents are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts. ② There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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abey blockchain technology is from Ciprian pungila & amp; Co., Ltd., two doctors in the Department of artificial intelligence, Department of computer science, School of mathematics and information, Western University of timishwara, Romania; Vorel negru's own research project. Constant lightweight block technology and multi-layer programming and extended blockchain solution are adopted. The scale of abey's blockchain remains unchanged, with only 50 active blocks. Abey blockchain technology is suitable for the use of e-money in e-commerce system for mass transactions, and has multi-level, scalability and security, and can be programmed
analysis of abey blockchain Technology
as we all know, the biggest bottleneck restricting the popularity of blockchain has been its slow transaction speed. bitcoin can only process seven transactions per second, while Ethereum can only process up to 20 transactions per second. Therefore, after bitcoin has existed for more than 10 years, most people have only heard of blockchain, but they seldom use this technology
abey is developed to solve the problem of low efficiency of blockchain and difficult to popularize in a large area. It is an independent public chain. Abey adopts a unique chain governance and chain architecture. Abey, for example, is looking at how to use only 50 active blocks in the chain. When a new block is created, the oldest block is removed from the end of the chain. But its data will still be preserved and archived. If this architecture is successful, the whole chain will be shorter, lighter and more responsive. Abey takes an average of 2 minutes to create a new block. Many studies have proved that this is close to the optimal time for block generation - abey is much more efficient than traditional blockchain Technology (such as bitcoin)< Second, it's very interesting. As you mentioned just now, the operation efficiency of blockchain and Ethereum is relatively low. So what level can abey reach<
Huang Lianjin: theoretically speaking, abey's transaction processing efficiency can continue to expand with the needs of users. The change in efficiency will also depend on the type of actual use case. For example, the first use case built on the core of abey blockchain is the apay systems payment services (a payment) platform. According to the project side, its current efficiency has exceeded the speed and throughput of visa / MasterCard credit card system
in terms of function, the apay platform supports the instantaneous conversion of bitcoin, Ethereum, bitcoin, cash and Leyte into a stable currency called Act (or acash) (linked to the value of the US dollar). Once the user obtains the act, it can be used to trade with other apay users
in addition, users will soon be able to enter the act into the apay encrypted debit card, and then they can consume at any merchant (online and offline) receiving visa / MasterCard, and withdraw legal tender from any ATM in the world. Apay's goal is to become a bridge between cryptocurrency and the real world, bringing cryptocurrency into the mainstream business world< In this way, apay will promote the large-scale application of blockchain technology in e-commerce. Besides, what other achievements does abey team take pride in
Huang Lianjin: abey constructs a loose coupling intelligent contract execution architecture. This means that people can use any programming language or compiler to develop smart contracts on the abey platform. In contrast, developers will not need to be limited to the development restrictions in Ethereum ecology, which will reshape the way smart contracts are built and run in the blockchain
the first smart contract in abey ecosystem is written in C language (C language ranks top three among the most common programming languages in the world). At present, there are more than 5.4 million known C and C + + language developers around the world – compared with less than 10000 solid language developers in the Ethereum ecosystem. In 5-6 years, the expansion rate of Ethereum ecosystem's developers is still expected to be relatively slow.