Gate knows virtual currency
we all know that one of the biggest characteristics of digital currency is decentralization. However, 90% of the exchanges in the market are under centralized management. Users need to transfer funds to the large account of the exchange, verify their identity information, and do not link currency transactions. Moreover, all information needs to be stored in the offline database of the exchange, All these seem to violate the decentralized spirit and centralized mode of blockchain, which makes users in a weak position, passively accept the "management" of the exchange, and also bear the risk of privacy leakage, hacker attack, exchange bankruptcy or running away
therefore, the emergence of decentralized exchanges has become an inevitable trend. Decentralized exchanges are also called DEX
currently, whaleex, newdex and gatechain DEX are the most representative decentralized transactions. In fact, it is a mode of wallet and wallet trading. Compared with the centralized exchange, it has obvious advantages. For example, all operations are carried out on the chain. It is publicly accessible and does not need to be registered. Anonymous trading and privacy are guaranteed. Users' assets are stored in a distributed way. They have 100% of the management rights of assets and have high security
however, although decentralized exchanges have obvious advantages, they are still not widely available in the market. Decentralized exchange is not a very mature mode, and there are still some problems, such as slow trading speed, poor liquidity, key loss, forgotten password and unable to retrieve account assets. Therefore, it needs to be further improved. However, it is undeniable that decentralized trading must be the mainstream mode of exchanges in the future.
Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation
development materials:
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definition of digital currency:
digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />
in September 2017, the central bank issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate
later, on April 23, 2018, it was announced that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China< Second, digital currency exchanges are prohibited in China.
after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchanges are illegal in China
the trading platforms including bitcoin China, okcion, and fire coin all announced to stop the RMB recharge business in 2018, and closed the trading platforms one after another. As of April 2018, all digital currency exchanges have completely withdrawn from the Chinese market
Third, the central bank has not yet issued legal digital currency
so far, the central bank has not issued legal digital currency. If you are recommended to buy a digital currency "authorized or issued by the central bank", it must be a fraud platform
conclusion: there are no relevant laws and regulations for digital currency in China, but according to the documents issued by the central bank, the state is very cautious about digital currency, especially the digital currency issued by indivials.
No "Zhongtian Shengxiang" and "gaiwang" and "Yijian brother" are different names of the same subject, and they are all pyramid schemes. There is no national supervision and filing, which is deceptive. It obtains high returns by developing offline. Publicity routines are similar, and business models are similar. After o2o, Internet +, sharing economy, blockchain technology these hot words the legal representative of Zhongtian Shengxiang is Kou Nannan. At the beginning of 2019, the company, which has been established for less than a year, promises to realize huge wealth appreciation in the short term relying on the Internet revolution. It's not a legal company. It's specialized in pyramid selling extended data: Zhongtian Shengxiang's bchc is just a fraud pyramid selling prop under the guise of blockchain. Zhongtian Shengxiang, formerly known as one key brother of the Internet, has committed crimes in six regions, and there are dozens of judgments related to the Internet the "covered net" funds and original stocks promoted are not supervised or recorded by relevant state departments, and there is no evidence to prove that the so-called funds or original stocks are recognized and protected by relevant laws and regulations, which is deceptive for the case of Kou Nannan, a legal person of Zhongtian Shengxiang, who was involved in the pyramid selling through Internet, see the criminal judgment (2017) Lu 13 Xing Zhong No. 560. This judgment also defines the stock fund ring the period of Internet coverage as illegal securities and fraud props after the case of one key Godot, it was renamed Zhongtian Shengxiang, which was exposed by the southern weekend and other big media. It changed its face again and used a virtual currency called bchc to defraud pyramid selling
1. Log in to the account and select legal currency transaction
It is not a regular website
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