"Digital currency is an alternative currency in the form of electronic currency, which can be used for real goods and service transactions. Digital currencies have the main features of network data packets. Such data packets are composed of data code and identification code. The data code is the content that needs to be transmitted. The identification code indicates where the data packet comes from and where to wait for attributes. " This expanded information: D digital currency interpretation: To. D digital currency is an uncontrolled, digital currency. It is usually issued and managed by developers and is accepted and used by members of a specific virtual community. The European Banking Administration defines virtual currency as: digitalization of value, which cannot be issued by the central bank or the authorities or linked to the fiat currency. D digital currency can be considered a virtual currency based on node networks and digital plus algorithms. The core features of digital currencies are mainly reflected in three aspects: ① Since the digital currency is not issued by some open algorithms, no one or institution can control its distribution; ② due to the number of algorithms solved OK, so the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by virtual currency abuse; ③ Since the transaction process requires the recognition of each node in the network, the transaction process of digital currencies is safe enough. The emergence of Bitcoin has a huge challenge to the existing currency system. Although it belongs to a broad virtual currency, it is essentially different from the virtual currency issued by online companies, so it is called digital currency. From the aspects of distribution subject, scope of application, distribution, storage form, circulation method, credit guarantee, transaction costs, transaction security, etc., digital currencies are compared with electronic currencies and virtual currencies. The impact on financial infrastructure The decentralized mechanism for value exchange based on distributed classification ledger technology has changed the basic settings of the total amount and net settlement of financial market infrastructure. The use of distributed classification accounts also challenges transactions, liquidation and settlement, because it can promote non -intermediaryization of traditional service providers in different markets and infrastructure. These changes may have potential effects on market infrastructure outside the retail payment system, such as a large payment system, a securities settlement system or a trading database.
"Digital currency is an alternative currency in the form of electronic currency, which can be used for real goods and service transactions. Digital currencies have the main features of network data packets. Such data packets are composed of data code and identification code. The data code is the content that needs to be transmitted. The identification code indicates where the data packet comes from and where to wait for attributes. "
This expanded information:
D digital currency interpretation:
To.
D digital currency is an uncontrolled, digital currency. It is usually issued and managed by developers and is accepted and used by members of a specific virtual community. The European Banking Administration defines virtual currency as: digitalization of value, which cannot be issued by the central bank or the authorities or linked to the fiat currency.
D digital currency can be considered a virtual currency based on node networks and digital plus algorithms.
The core features of digital currencies are mainly reflected in three aspects: ① Since the digital currency is not issued by some open algorithms, no one or institution can control its distribution; ② due to the number of algorithms solved OK, so the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by virtual currency abuse; ③ Since the transaction process requires the recognition of each node in the network, the transaction process of digital currencies is safe enough.
The emergence of Bitcoin has a huge challenge to the existing currency system. Although it belongs to a broad virtual currency, it is essentially different from the virtual currency issued by online companies, so it is called digital currency. From the aspects of distribution subject, scope of application, distribution, storage form, circulation method, credit guarantee, transaction costs, transaction security, etc., digital currencies are compared with electronic currencies and virtual currencies.
The impact on financial infrastructure
The decentralized mechanism for value exchange based on distributed classification ledger technology has changed the basic settings of the total amount and net settlement of financial market infrastructure. The use of distributed classification accounts also challenges transactions, liquidation and settlement, because it can promote non -intermediaryization of traditional service providers in different markets and infrastructure. These changes may have potential effects on market infrastructure outside the retail payment system, such as a large payment system, a securities settlement system or a trading database.