Is Lyme a virtual currency
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
Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money
except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999
the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization
Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics
Litecoin (LTC, currency symbol: 321;) It is based on & quot; Point to point & quot It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
extended materials:
it is based on bitcoin protocol, but different from bitcoin, it can be & quot; efficiently implemented by consumer hardware; mining & quot;. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin[ 1]
a peer-to-peer network, similar to bitcoin, processes transaction, balance and issue of lightcoin through script workload proof scheme (when a sufficiently small hash value is found, a block will be created and lightcoin will be issued, and the process of discovering the hash value and creating the block is called & quot; Mining & quot;). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable to use graphics processor (GPU) for & quot; Mining & quot;. FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin
currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million
this kind of MLM operation has the following characteristics:
1. Most of the above currencies are issued in a non constant amount, only speculation, and no commercial application
2. All of them belong to online financial pyramid selling, and the servers are all overseas, so it is difficult to investigate and deal with them
3. Short running cycle. Generally 3-6 months, to return money to the peak directly shut down the network running, change a vest to come back
digital currency crowdfunding platform the tokens of different crowdfunding projects on coin Ying China platform belong to application-oriented digital currency, with the mortgage of real assets, but the income is not high. Bitcoin and Leyte are traditional high-risk and high-income currencies.
the European Banking authority defines virtual currency as a digital representation of value, which is not issued by central banks or authorities, nor linked to legal currency. However, because it is accepted by the public, it can be used as a means of payment, or transferred, stored or traded electronically
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Jiangsu fangyuantianxia blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered on December 26, 2017, with its registered address at room 1602, block a, Jinyuan international building, No. 2-3, Xiangjiang Road, Xinwu District, Wuxi City
the unified social credit code / registration number of Jiangsu fangyuantianxia blockchain Technology Co., Ltd. is 91320214ma1ut53h65, and the enterprise legal person is Feng Weigang. At present, the enterprise is in business
the business scope of Jiangsu fangyuantianxia blockchain Technology Co., Ltd. is: development and application of blockchain technology; Big data R & D and technology promotion; Data processing and storage services; Database management information technology consulting; Internet technology development and application; Development and application of network technology; Technology development of game currency; Software development; Software technology transfer; The organization and planning of cultural activities; Sales of software and electronic procts; Software technology service; Business management services (excluding investment and asset management); Business management consulting services (excluding investment consulting services); Organization of academic exchange activities; Designing, procing, acting and publishing advertising business; Intellectual property agency; Science and technology intermediary service; Sales of communication equipment and supporting equipment; Operating Internet information services Projects that need to be approved according to law can be operated only after being approved by relevant departments)
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