delmar jewelry wholesale Suzhou will immediately pilot digital currencies. What is digital currency? What do you think?

wholesale jewelry decor I am glad to answer this question, which was confirmed by people from relevant government departments.

What is digital currency?

Since the date of currency, people have begun to have a large amount of gold and silver or various paper currencies as a symbol of wealth. However, in various aspects such as production, transportation, circulation, storage, etc., this currency has the limitations of real objects to some extent, and cannot reach the circulation of currency freedom and full -channel. From a large level, it is manifested in the production of sub -products and waste products such as currency printing, and a large number of storage space needs to be occupied during storage. From a small level, it is manifested in the damage and loss of banknote circulation.

The above -mentioned limitations of the existence of physical currencies, so it is necessary to and give birth to a currency without real objects -digital currency generally refers to electronic information technology and biological appraisal technology, and get rid of the carrier of the currency ( Such as gold and silver, paper materials, plastic materials, electromagnetic induction materials, etc.), with human fingerprints as indexes, digital information stored in the software and hardware of the computer terminal.

The digital currency here is different from various bank cards and credit cards commonly used in today's market. Bank cards are another safe manifestation of cash. When using bank cards, the flow of cash occurs at the same time. Credit cards are another security expression of bills. When using credit cards, the flow of cash does not occur, but occurs in a specific payment time. However, whether it is a bank card or a credit card, none of them get rid of the constraints of the real thing. There is still the limitations of the physical currency

Speaking of digital currencies, everyone may be the virtual currency such as Bitcoin, or or It is a stable coin launched by Facebook plan, Libra (libra).

but the central bank's digital currency DC/EP that the central bank will launch is a legal digital currency. As early as 2014, the central bank of my country has started the research of digital currency, which has been 6 years. In 2016, the central bank established the Digital Currency Research Institute. At the end of 2017, with the approval of the State Council, the People's Bank of China organized some powerful commercial banks and relevant institutions to jointly carry out the research and development of the digital RMB system (DC/EP).

Compared with Bitcoin, the central bank's digital currency DC/EP is different, and the central bank's digital currency DC/EP has a national credit endorsement. It can be said that this is the electronic version of the RMB banknote in people's hands. Whether there are national credit as a support is also the most critical difference between legal digital currency and Bitcoin virtual currency. There is no state credit behind it. Whether the currency value can be stable has become a problem.

For the virtual currency like Bitcoin, it cannot ensure that the currency value is stable, and the price fluctuates sharply. In March of this year, Bitcoin once opened the "avalanche" quotation. The maximum decline of more than 50%in 24 hours, and the price fell two -thirds within a week.

The current online transmission DC/EP information is the test content in the process of technology research and development, which does not mean that digital RMB is officially issued.

It Digital Currency Research Institute said that the current closed test of digital RMB will not affect the business operation of the listed institution, nor will it affect the RMB distribution system, financial market and social economy outside the test environment. Essence

The talk about my views, personal opinions for reference.

It simply, digital currency is the electronicization of paper currency currently circulating. It used to be a piece of paper that was held in my hand. In the past, you took a piece of paper to the merchant and then took away his goods. If it was a digital currency, it would be a picture of the merchant with a picture in the mobile phone!

This like this, isn't WeChat and Alipay realized, right?

It is still different

The transactions of WeChat and Alipay. In fact, it is your transfer and account processing of the amount in WeChat/Alipay virtual account. Your account (wallet) If the amount involved in bank transfer, it involves the daily liquidation of the central bank. If it is two WeChat wallet transfer, it is actually the account processing of the two wallets in WeChat. They are all carried out in WeChat payment networks, or WeChat and central bank networks (Alipay).

Ad digital currency issued by the central bank? It should be that my mobile phone is a traditional wallet. My digital currency gives you in person, which is equivalent to taking 100 yuan from the wallet to the merchant, and the transaction can be achieved without other networks.

OK, the digital currency that Suzhou is about to try is actually not the same as the Alipay we know and the money in WeChat.

So to say what is the difference, let's figure it out first, what are they separately?

The money in WeChat and Alipay first:

. In terms of legal power, the effectiveness and security of digital currencies are the best. The central bank's currency and digital currency are also issued by the central bank. Note that this is issued, which means that this is issued. But when we use Alipay or WeChat to pay for electronic payment, we use Alipay and WeChat's "money", and this "money" is made by us, that is, our commercial bank deposit currency is settled. In the final analysis, Alipay and WeChat's money is in the final analysis, but it is just a way.

2. We still have to figure out some things, such as earthquakes or tsunami or various extremes, the communication is broken and the Internet is broken. How about, how many millions of banknotes or hundreds of millions do you have in Alipay? However, digital currency can be paid without the network, and double offline payment -that is, the two parties can pay without connecting the network, as long as your mobile phone has electricity.

3. Digital currency is really in your hands. It is the digitalization of the money in your wallet in your pocket, which is indeed safe enough. And the money on WeChat Alipay, these money is actually in the bank, not in your hands, that number is just on your mobile app.

If the central bank's digital currency abbreviation DCEP. Like Bitcoin, he uses blockchain technology, and at the same time get rid of the dependence on bank accounts. : It is exactly the same as the traditional banknote attribute function, but it is just a digital form. In other words, it is clear that it is used to replace the existing banknotes and coins, so now we are introducing the newly launched digital currency of our central bank:

1. The central bank's digital currency and banknotes The function is exactly the same. It is cash, and it can be traded without the Internet.

2. It will not depreciate, there is no counterfeit, nor will it be damaged, and it can be monitored during circulation.

3. The difference between the money in WeChat Alipay is that the central bank's digital currency is M0 (cash in circulation), and behind it is the endorsement of national credit. The money in WeChat Alipay is M2 (regular deposits of enterprises residential savings deposits other deposits, etc.). Behind Tencent and Ali are endorsing.

4. Issuing. The central bank's digital currency is also a type of money printing.

of course, the current digital currency of the central bank is not a digital currency in the real sense, but it will still have a very profound impact. Currency circulation is very transparent, of course, this is transparent to leaders. Small and medium -sized enterprises' tax evasion and less social security are very easy to find, ensuring certain benefits of ordinary people. Corruption officials can also catch it, and the money can't hide it, right. There is also convenience, no need to say more. Then reduce costs, the cost of renminbi is not low whether it is printed, transported, storage, and circulation and anti -counterfeiting.

The people will think that DCEP will shake the status of Alipay and WeChat, but from the central bank's definition of digital currency, DCEP instead of M0, not M1 and M2.

The last answering many friends recently asked what is called the legal compensation of the central bank currency and the national credit endorsement. I simply say that I go to the convenience store downstairs to buy things. The boss can say that I do n’t accept WeChat and Alipay, but if I use DCEP, she must receive the money.

The actually can see a lot of things from the name "currency". The word "cargo" in front is the key. There are coins in stock.

The currency itself is not worthy. His value is based on two points. One is that "goods" must have true things as the basis; the second is trust, everyone believes that everyone believes This thing is valuable. If you lose the "goods", it is the so -called inflation, the money is not worthy, and a bag of money will not return a pack of rice; if you lose trust, everyone will return to the time of the ease of goods. Convenience; if both are lost, Ami tofu, we are not far from starving.

So banknotes or digital currencies are essentially the combination of "goods" and "trust". Strictly speaking, it can also be called "tokens", which means the value of goods. Its connotation will not change due to changes in the name and method of use.

The concept of the digital currency in my country and how it operates, and I haven't been sophisticated yet, but since it is issued by the state, it is guaranteed by national credit. Therefore, "trust" is not a problem for the time being Essence So what is the relationship between digital currencies and RMB and how to connect to conversion is not clear.

but all the currency (tokens) have a characteristic, that is, as the intermediate link increases, the degree of "goods" will be diluted. We can clearly feel that we have earned our hands. There are indeed more money, but there are fewer and fewer things to buy. With the addition of the new currency, this state will be obtained in a short time, but in the end, it will still dilute the "goods" factor.

So I personally tend to have a small reserve of hard currency such as gold. After all, the price of hard currency is relatively constant, the fortune is insufficient, and the value preservation is still good.

It, many people point to the "speculation" to make a lot of money. I advise these people to wake up and dream. The financial game of making money by money is not for us ordinary people to play. What "you don't finance, you ignore you", the wealth really ignores me, but I just say goodbye to me. In financial games, we are just leeks and make people cut. It is the right way to accumulate slowly.

D digital currency is an alternative currency in the form of electronic currency. Digital gold coins and password currencies belong to digital currencies digital currencies are an uncontrolled and digital currency. They are usually issued and managed by developers and are accepted and used by members of a specific virtual community. However, because it is accepted by the public, it can be used as a means of payment. It can also be transferred, stored or traded in electronic forms

. According to news, the central bank's digital currency test!

In the "Science and Technology Board Daily" report, Suzhou Xiangcheng District is an important pilot area for the central bank's digital currency. The staff of the district -level organs and enterprises and institutions of the Suzhou Xiangcheng District, the staff of the four major state -owned banks built by the workers and peasants, will complete the installation of the central bank's digital currency (DC/EP) digital wallet in April!

In central bank digital currency refers to the digital currency issued by the central government, which belongs to central bank liabilities, has national credit, and is equivalent to legal currency! The central bank's digital currency is a fiat currency and has legal repayment, that is, we cannot refuse to accept digital currencies. In terms of legalism, its effectiveness and security are the highest!

is a good attempt. Although it has not been listed first, the blockchain is the safest way to operate so far. No one can crack it yet, so it is also a safe storage operation method in the world today. Now the world's financial and economic forms are very chaotic, and there are very uncertain factors. The country considering the launch of blockchain from a security perspective is a relatively advanced thinking. Intersection Intersection Intersection

Recently, the progress of my country's legal digital currency research and development has aroused widespread concern in society. Relevant person in charge of the Digital Currency Research Institute of the People's Bank of China recently said that the current research and development of digital RMB is being progressing steadily. Function.

The people's banks have studied legal digital currencies since 2014. According to the relevant person in charge of the Digital Currency Research Institute of the People's Bank of China, the current research and development of digital RMB is steadily promoted. The digital RMB system basically completes the top -level design and standards under the premise of adhering to the double -layer operation, the replacement of currency (M0) in circulation, and controlling anonymous anonymous anonymous. Formulate, functional research and development, joint tuning and other work, and follow the principles of steady, safe, controllable, innovative, and practical.

The person in charge of the Institute of Digital Currency Research Institute of the People's Bank of China emphasized that the current online transmission DC/EP information is the test content in the process of technology research and development, which does not mean that digital RMB is officially issued. Digital RMB's current closed test will not affect the commercial operation of listed institutions, nor will it affect the circulation system, financial markets and socio -economic social and economic outside the test environment.

Q: What is a Chinese version of digital currency? how to use?

A: Simply put, the Digital currency of the People's Bank of China is the RMB electronic version.

Speaking of digital currencies, the first reaction may be Libra launched by Bitcoin or Facebook plan.

But unlike these so -called digital currencies, the digital currency to be launched by the central bank of my country has a national credit endorsement, which can be said to be the electronic version of the RMB. Therefore, the central bank's digital currency is legal.

. More importantly, with the state endorsement, the central bank's digital currency currency value will be more stable. The so -called virtual currency such as Bitcoin cannot ensure that the currency value is stable, and it is common to be "cut chives".

In use of the scene, the central bank's digital currency does not pay interest, which can be used for small, retail, and high -frequency business scenarios. Compared with banknotes, there is no difference. At the same time, all current regulations should be abide by all current cash management and anti -money laundering and counter -terrorism financing.

Q: What are the benefits of digital RMB?

A: Low issuance costs and more convenient transactions ...

Is those in the industry said that the difficulty of payment, transactions, anti -money laundering, etc. based on RMB cash, etc. Opposite and larger costs. The issuing digital currency can effectively solve the above problems.

. At the same time, the Chinese version of digital currency does not need to bind any bank account, which gets rid of the control of the traditional bank account system.

It, in the case of poor network signals, the payment function of online banking and payment platforms is often paralyzed, and DC/EP's dual offline technology can guarantee that under extreme cases, like banknotes Similarly, use central bank digital currency. For example, when there is no network, as long as two mobile phones with DC/EP digital wallets are touched, the transfer or payment function can be achieved.

Q: Will the issuing digital currency trigger inflation?

A: Equivalent replacing the currency in circulation will not depreciate money. The digital currency issued by the central bank starts with the paper banknotes and coins circulating from digital currencies. It is assumed that the currency currently circulates is 100 yuan, and the central bank's digital currency will replace the 100 yuan equivalent.

In order to ensure that the central bank's digital currency is not excessive, the commercial institution pays the central bank and 100%of the reserve. In other words, at the time of issuance, the People's Bank of China first exchanged digital currency to banks or other operating institutions, and then these institutions were exchanged to the public.

Ip, considering that the previous digital currency is limited to the pilot, a large number of issuance and comprehensive promotion will not be issued in the short term, and the speed of currency circulation will remain normal.

Therefore, digital currency will not cause inflation.

Yes, four pilot cities, Suzhou is one of them. Internal test has begun.

The banknotes are relatively high in manufacturing and are not easy to carry. At the same time, the biggest problem is that the intermediate link of the banknotes cannot be controlled. But digital currency is different. Coupled with the technology of blockchain, every link of the currency is within the scope of supervision. In fact, there is not much difference for our ordinary people. However, the amount of communication is relatively large, including the salary of the enterprise, and the flow of funds can be monitored in place. So pay attention to spend money with digital currency in the future. Because the system will be very clear about your flow. The currency is equivalent to the QR code, and all its flow is clear.

The merchants can refuse you to use Alipay or WeChat payment, because such electronic payment does not have legal effect. However, digital currency has legal effect, and merchants cannot refuse. Equal to paper currency.

Thenzi during the Northern Song Dynasty in my country is the earliest currency form. So far, from gold and silver to banknotes, to the issuance of digital currencies, it is related to the country and the people. Suzhou Pilot Central Bank Digital Currency DC/EP is one of the important strategic layouts of my country's RMB internationalization and competing for currency sovereignty.

It known that the United States has risen rapidly since World War II. In science and technology research and development, industrial manufacturing, financial investment and other fields, it has become a super power. The operation behind this is to linked the dollar and gold, the US dollar and oil, and the global trade must be settled in the US dollar, which is equivalent to the United States that has the right to issue world currency. Later, the proportion of US dollars and gold was abolished in 1971. From then on, the dollar was out of control.

The Americans only need to turn on the printing machine to easily buy the goods from all over the world. When you are beautiful, you can count the US dollars and enjoy the pleasure of making money. Quietly aim at your pocket!

So various futures contracts, stock bonds fall from the sky, risk rating is international 3A high -quality assets, and profits have no reason to refuse. Strange things appeared, you made a dollar, bought his wealth management product, and money returned to his pocket again! Finally, give you a financial turmoil, your assets bloom and fade like flowers!

The source of all this is the financial currency war. The internationalization of the RMB sovereignty has become an important strategic deployment of my country ten years ago. The landing application of blockchain technology has the characteristics of safe and convenient, not tampering, and constant distribution. This is a favorable weapon that my country strives to get rid of the US dollar settlement system in international competition. It is a powerful wings that my country's economy will take off again!