Virtual currency CY

1. About digital currency, say some of their own views, you listen to, feel unreasonable just laugh
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure if it's the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no value as currency circulation and can only be sold to others. I think it's a fraud.

2.

1、 Different definitions:

1. virtual currency:

virtual currency refers to non real currency

Digital 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

Second, the characteristics are different:

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:

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

3. Digiccy is the digital currency. If you look at the ranking of digital currencies in the world in 2018, you can know it as follows:
1. Bitcoin / BTC
founder: Nakamoto Tsung
originally proposed by Nakamoto Tsung in 2009, according to the idea of Nakamoto Tsung, we designed and released open source software and built P2P network on it. Point to point transmission means a decentralized payment system, which once had no more than 10.5 million in four years, and then the total number will be permanently limited to 21 million
2. Ethereum / eth

founder: Geoffrey Welk
it is not only a virtual currency, but also a platform and a programming language, enabling developers to build and release the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration< 3. Ripple / XRP is the base currency of ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and graally decreases with the increase of transactions. The operating company of ripple is ripple labs (formerly known as opencoin)
4. Bitcoin cash (BCC) / BCH

founder: Roger ver
bitcoin forked coin. Viabtc, a mining giant owned by bitcoin mainland, has prepared a set of hard forked system based on the original chain of bitcoin
5. EOS

founder: Daniel Larimer
BM (Daniel Larimer), a blockchain architecture platform similar to the operating system, is developed to realize the performance expansion of distributed applications
6. Litteoin / LTC is an internet currency based on peer-to-peer technology and an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
7. Stellar

founder: Jed McCaleb
the digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and fiat money. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
8. Cardano

founder: Charles hoskinson
the end result of ADA cryptocurrency, which can be used to send and receive digital funds. This kind of digital cash represents the future currency, through the use of encryption technology, can be fast, direct transfer, to ensure its security
9. Tether

founder: Craig sellers
tether USD, a token launched by tether company, is based on the stable value currency USD. Users can query funds on tether platform to ensure transparency. Each TEDA coin is symbolically associated with government supported legal tender< Iota
10, iota

founder: David sonstebo
a crowdfunding project started in 2014, which is a revolutionary transaction settlement and data transfer layer specially designed for the Internet of things. It's based on a new type of distributed ledger, tangle, which is like a blockchain, but it uses a network structure instead of a chain structure, which makes it more scalable and stable.

4. Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. 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 information is for reference only, without any suggestions
2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
response time: February 1, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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