buy snap jewelry wholesale What are the differences in digital currency, virtual currency, and electronic currency?

wholesale jewelry semi precious stones Currency: essentially a contract for the owner and the market to exchange rights, which is basically an agreement between the owner. The essence of currency contract determines that currency can have different forms of expression, such as general equivalent, precious metal currency, banknotes, electronic currencies, etc. Its basic functions are value scale and circulation means, general equivalent. ——It is taken from Baidu Encyclopedia
The legal currency: refers to the fact that it does not represent substantial commodities or goods, and the issuer does not fulfill the currency as a physical obligation; it only rely on the government's laws to make it a legal currency. The value of the legal currency comes from the owner believes that the currency can maintain its purchasing power in the future. The currency itself does not have an internal value, that is, when the banknotes are generated, the legal currency is essentially the law that can be circulated.
The legal currency of the People's Republic of China is RMB. The People's Bank of China is the competent authority of the country managed the RMB and is responsible for the design, printing and distribution of RMB. ——Inved from Baidu Encyclopedia
Electronic currency: In fact, it is the electronicization of fiat currency, including our common bank cards, online banking, electronic cash, etc.; And third -party payment developed in recent years, such as Alipay, WeChat payment, etc. Essence Regardless of their shapes, these electronic currencies circulate through which institutions, and their initial source is the fiat currency issued by the central bank.
Virtual currency: virtual currency refers to non -real currency. The state of existence is intangible. The most important difference between the virtual currency and electronic currency of the narrow level we discuss is the difference between the issuer. Virtual currency is the electronicization of illegal currency, and its initial issuer is not the central bank. Such as game coins, Q coins, dot coupons, etc., such virtual currencies are mainly limited to the circulation of specific virtual environments.
Digital currency: Digital currency of the latest digital network technology such as blockchain is applied, which has the characteristics of distributed bookkeeping, unique encryption technology, and decentralized settlement. Of course, digital tools with these characteristics must become sovereignty or legal currency, and must also be supported by national credit.
Therefore, digital currency must be currency; while currency must be sovereign currency or legal currency under the current social system. Secondly, digital currency must have the basic attributes and main functions of the currency.
The central banks have made new progress in issuing digital currency. The central bank -based digital bill trading platform has been successfully tested. The legal digital currency issued by the central bank has been tried on the platform. After the Spring Festival, the Digital Currency Research Institute of the Central Bank will also be officially listed. This means that the central bank of China will be the first central bank to issue digital currencies and develop real applications globally globally.
Therefore, in the strict sense of the connotation of currency, "cryptocurrencies" such as Bitcoin and Litecoin can only be a "digital product". If these digital products attract investors' attention, their transactions form a certain scale and have a certain investment and financing function, that is, "digital assets", that is, digital financial assets, but not digital currency.
The real digital currency should be a digital legal currency after the combination of legal currencies and distributed bookkeeping, encryption technology, and decentralized settlement.
D digital asset Baidu Encyclopedia is the definition of Baidu Encyclopedia: Digital assets refer to or controlled by enterprises, exist in the form of electronic data, and hold in daily activities to prepare for sale or non -monetary in the production process. assets.
The difference between digital assets and digital currencies is that digital currencies may replace tangible currencies, while digital assets are only part of the economy.
Under the modern credit currency system, currency issuance is completely controlled by the currency authorities. However, at present, it is still a broad place for Bitcoin and other digital assets to become "virtual currencies" or "digital currency" in general. Non -real currency can be called "virtual currency" and digital assets such as Bitcoin are often considered "non -non -non -" non -organs. Legal digital currency.
No matter what you call, you can clearly be clear about the concept of each currency or asset form. Now the market does not have an official precise definition of these concepts. It must be accurate, for reference, more attention can be paid to slightly width.