Digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency was a form of electronic currency named after the weight of gold. Nowadays, digital currency, such as Bitcoin, Litecoin, PPCoin, etc., are all electronic currencies created, issued and circulated with the help of checksum cryptography.
Its characteristic is to use P2P peer-to-peer network technology to issue, manage and circulate money, which theoretically avoids the examination and approval of bureaucracy and gives everyone the right to issue money.
Extended data:
Digital gold currency is a form of electronic currency named after the weight of gold. The typical unit of measurement of this currency is troy grams or troy ounces, although gold and dinars are sometimes used as units.
The source of funds for digital gold currency is gold storage with no quota or decentralized quota. By June 5438+ 10, 2006, digital gold currency suppliers held more than 8.6 metric tons of gold as reserves, with a value of about $654.38+54 million.
The relevant person in charge of the central bank said that the digital currency research team of the People's Bank of China should establish a more effective organizational guarantee mechanism, further clarify the strategic goal of the central bank to issue digital currency, do a good job in technical research, study the multi-scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible.
References:
Baidu Encyclopedia-digital currency