What are the functions of virtual currency

1. Virtual money has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority (such as fiat money). In short, virtual money is supported by mathematics. With these characteristics, a form of money to have value requires trust and use. For virtual currency, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of virtual currency comes directly from people who are willing to accept it as a way of payment, which is also the only source

at present, the well-known virtual currencies are bitcoin, Laite coin, Fuyuan coin and doggy coin.

2. blockchain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamperable ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship
in the future, blockchain will be applied in any field and bring great impact on human life. Blockchain technology is regarded as one of the main protocols of the next generation of value Internet. Blockchain technology will be useful in any field of proction and life that lacks trust. From digital currency to securities and financial contracts, health care, games, artificial intelligence, intelligent contracts, Internet of things, identity authentication, asset trading, e-commerce, social communication, file storage and other fields can be widely used
in the aspect of medical treatment
when the blockchain technology is used to save the personal medical records, there will be the historical data of personal medical treatment, which can be understood as the electronic medical records on the blockchain. In the future, there will be data for medical treatment or health planning, and the real master of this data is the patient himself, not the hospital or a third-party organization. In addition, these data have strong privacy, and the use of blockchain technology also helps to protect the privacy of patients
payment system
compared with the existing traditional payment system, blockchain technology can avoid the complex system, directly between the two sides of the transaction, does not involve intermediary institutions, even if part of the network is paralyzed, it will not affect the operation of the whole system. This method has the characteristics of low price, fast speed, and no intermediate fees
banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. Some banks with keen sense of smell in the world have begun to actively plan to join the army of blockchain research and application in order to gain the initiative in the fierce competition in the future
identity authentication of blockchain
blockchain has the feature of being accessible to everyone. Everyone can query the block information in any place with network. The high transparency also makes blockchain full of charm. In the future, ID card and account book are basically not needed, because every identity information can be written into the blockchain. When you need to verify the information, you only need to look it up to find it
election
based on the voting transaction on the blockchain, it can be confirmed that no vote has been modified or deleted, and there will be no improper voting
Real Estate
blockchain technology can change the operation mode of the real estate market. It can combine many complex processes and cases that real estate companies usually deal with, speed up the transaction process, rece fraud, and provide more transparent and secure transactions for each participant. Provides a way to achieve paperless and fast trading needs
securities issuance and trading
the probability of various kinds of errors in general stock and other securities trading is too high, which requires manual correction, thus prolonging the time required for transaction settlement. Through the transaction of distributed ledger, the automation of the whole process can be realized, and the security and efficiency can be improved. The identity and transaction volume of the trading party are recorded on the blockchain in real time, with an open, transparent and traceable system. It is concive to the market maintenance of securities issuers and regulatory authorities, and can rece the occurrence of black box operation and insider trading
in the scenario of relatively closed, multi-party trust problems and carrying value transmission, blockchain has unique technical advantages and also shows unique charm, which has great application imagination space. At the current stage, blockchain is worth exploring in some scenarios.

3.

Value scale: money value scale is the most basic and important function of money, that is, money acts as a scale to show and measure the value of all other commodities. The quantity of commodity value depends on the length of social necessary labor time

Means of circulation: means of circulation refers to the function of money as a medium of exchange in commodity circulation. Before the emergence of money, commodity exchange was the direct exchange of goods, that is, commodity commodity. After the emergence of money, commodity exchange is carried out through money as a medium, namely commodity currency commodity. Here, money plays the role of medium in the exchange of two kinds of commodities and performs the function of circulation means

Storage means: the function of storage means of money is the function of money withdrawing from circulation and being preserved as the general representative of social wealth. As a means of storage, money can spontaneously regulate the amount of money in circulation. When the amount of money needed in circulation decreases, the surplus money will withdraw from circulation; When the amount of money needed in circulation increases, part of the stored money goes into circulation. The money used as a means of storage must be real and valuable gold and silver money. Only gold and silver coins or gold and silver strips can play the role of currency storage

means of payment: means of payment refers to the function of money in the performance of debt settlement. In commodity exchange, the sale of goods can be carried out on credit instead of cash, and cash can be paid after a certain period of time

CCY (currency) is essentially a contract between the owner and the market on the right of exchange, which is essentially an agreement between the owners. I give what I have to the market in exchange for what I need. Money is the agreement in this process, which reflects the economic cooperation between indivials and society

the nature of money contract determines that money can have different forms, such as general equivalent, precious metal money, paper money, electronic money and so on. It can be used as a medium of transaction, storage value, deferred payment standard and accounting unit. Physical currency is a special commodity that serves as an equivalent in the exchange of goods and services. It is the material and symbolic appendage of people's commodity values

it includes not only currency in circulation, especially legal currency, but also various savings deposits. In the field of modern economy, only a small part of the field of currency is displayed in the form of real currency, that is, most transactions use checks or electronic currency

4. 1. Value scale refers to that money acts as a social scale to measure the value of commodities. The reason why money can perform the function of value measurement is that money itself has value, so it can measure the value of other commodities by its own value.

5.

Money has five major functions, which are as follows:

1. Value scale refers to the use of money as a social scale to measure the value of goods. The reason why money has the function of value scale is that money itself has value, Therefore, we can use our own value to measure the value of other commodities

2. Circulation means

refers to the function of money as the medium of exchange between different commodities, that is, the purchase means. The main feature of this function is that it can make the transfer of goods and money complete at the same time in commodity trading

Storage means refers to the function that money withdraws from circulation and is preserved as the general representative of social wealth. The function of storage means of money can spontaneously regulate the total amount of money in circulation

The function of means of payment was born with the emergence of commodity credit trading. In commodity credit trading, money can be used to pay the debts in the trading, and then it is developed to pay government rent, interest, tax, wages and so on

World currency refers to the function of currency acting as a general equivalent in the world market beyond the domestic circulation field. The functions of precious metals as world currency are as follows: as a general means of payment, they are used to pay the balance of international payments; as a general means of purchase, they are used to buy foreign goods, act as the absolute embodiment of wealth, and transfer from one country to another

6. Have you ever been to 798 Art District? If you drive, get off Jiuxianqiao and go to the intersection of Wanhong road. If the bus, I remember that 401 and 402 can get to, specific you can check the bus information, to Dashanzi intersection south station or wangyefen station.

7.

The essence of money is reflected in the function of money. The so-called function of money refers to its role in social and economic life

Under the condition of market economy, money has five functions: value scale, medium of exchange, means of storage, means of payment and world currency

among them, value scale and exchange medium are the basic functions of money, and means of storage, means of payment and world money are the additional functions derived from their basic functions

Value scale the first basic function of money is to act as the value scale of goods

as the standard of value measurement, the unit price of money is the measure to measure the value of all exchangeable goods. As the measure of value, money can convert all valuable goods into monetary units for calculation

just as the ruler for measuring length has length and the weight for weighing things has weight, the currency for measuring the value of goods is also a commodity and has value

what has no value can not be used as a measure of value

When performing the function of value measurement, money does not need real money, it only needs to show the value of goods with conceptual money, and price is the monetary expression of the value of goods

Therefore, value is the basis of price, and price is the monetary expression of value

Exchange media is also one of the basic functions of money, also known as the means of currency circulation

Different from the value scale, the currency as the medium of exchange can not be the currency in concept, but the currency in reality

The function of money as the medium of commodity exchange divides the barter exchange into two kinds: the first step is to change goods into money, and the second step is to change money into goods

The transaction with money as the medium of exchange greatly reces the transaction cost and promotes the development of market and division of labor

Storage means means that money is no longer circulating in society for various reasons, but is preserved as an independent form of value and social wealth

As a means of storage, money develops with the development of commodity proction and circulation

in the early stage of commodity circulation, some people changed surplus procts into money for preservation. This behavior of storing gold and silver is regarded as a manifestation of wealth and a simple form of money storage

with the expansion of commodity circulation, the function of money is increasing day by day, all goods can be bought and sold with money, and money exchange extends to all fields

in the modern credit monetary system, people holding money as a means of storage will be affected by inflation risk

relatively speaking, precious metal currency has a greater advantage in maintaining purchasing power

When performing the function of storage means, money has the following two remarkable characteristics: (1) it must be realistic and valuable

(2) as a means of storage, money must exit from circulation and be in a static state

as a means of storage, money can spontaneously regulate the amount of money circulation and play a role of reservoir

when the circulation of goods in the market shrinks and there is too much money in circulation, some money will withdraw from the circulation field and be stored; When the circulation of goods in the market expands and the demand for money increases, some of the stored money will re-enter the circulation field

Means of payment

as an independent form of exchange value, money plays the role of means of payment when it transfers unilaterally

The so-called unilateral transfer refers to the time gap between the occurrence of economic behavior and monetary payment

As a means of payment, money originated from credit trading in commodity trading

There are two forms of credit transaction: credit sale and payment in advance; The latter is that the payment for goods comes first and the sale of goods comes second

But no matter which form, it is the separation of the transfer of goods and the payment of money in time

when the commodity economy develops to a certain extent, the function of monetary means of payment will expand beyond the field of commodity circulation, which is used to pay taxes, rents, wages, services, etc

5. World currency

world currency refers to the function that money performs the general equivalent in the world market

Due to the occurrence and development of international trade, money circulation goes beyond the scope of a country and plays a role in the world market, so money has the function of world currency

the world currency used to be made up of gold and silver for a long time. Since the mid-1970s, e to the non cash credit currency system adopted by all countries in the world, the currencies of some countries with strong comprehensive national strength have been recognized by most countries. The currencies of these countries play the role of world currencies in the international market, such as US dollar, pound sterling, etc

At present, the main function of the world currency is to balance the balance of payments as a means of international payment

8. The functions of traditional currency include the following five aspects: (1) the functions of transaction media 2 Value scale function 3 The function of deferred payment 4 The function of storage means 5 The function of world currency. From the former four aspects, compared with traditional money, the main progress of e-money is the improvement of efficiency when money performs its functions; E-money is not only the improvement of efficiency in performing the function of world currency, but also makes this function play incisively and vividly: with the popularization and development of it, transaction settlement will be globalized, and e-money will truly perform its function of world currency. Therefore, electronic currency can better reflect its function of implementing world currency than traditional currency.

9.

1. Value scale:

money value scale is the most basic and important function of money, that is, money acts as a scale to express and measure the value of all other commodities. The quantity of commodity value depends on the length of social necessary labor time

2. Means of circulation:

means of circulation refers to the function of money as a medium of exchange in commodity circulation. Before the emergence of money, commodity exchange was the direct exchange of goods, that is, commodity commodity. After the emergence of money, commodity exchange is carried out through money as a medium, namely commodity currency commodity. Here, money plays the role of medium in the exchange of two kinds of goods, and the function of circulation means

extended data:

China's earliest currency

China's earliest currency is seashell. Seashells are often found in the prehistoric Yangshao culture, Longshan culture, Dawenkou Culture sites, Erlitou culture sites and tombs of the Shang and Zhou dynasties in the Xia Dynasty. There is also a record of "xuanbei after the Xia Dynasty" in Yantielun CuO coin. Seashells are proced from the warm sea in the south of the distant exchange of goods, is a beautiful and precious decoration

It can be traced back to the Xia Dynasty, when China entered the class society and the state came into being. In Shang Dynasty and Western Zhou Dynasty, it was the main currency in circulation. In the late Shang Dynasty and the Western Zhou Dynasty, there were bronze imitation shells without characters. In the Eastern Zhou Dynasty, it developed into a copper shell ant nose coin with inscriptions, forming a formal metal coin, which mainly circulated in the southern Chu region