The digital currency we often talk about now is actually called digital cryptocurrency. Digital cryptocurrency refers to a new type of currency that does not rely on any physical objects, is based on cryptography and network P2P technology, is generated by computer programs, and is issued and circulated on the Internet. English name.
Digital currency is a relatively special kind of virtual currency. In fact, all electronic currencies are virtual currencies. For example, Q Coin is a well-known virtual currency. However, Q Coin is not a digital cryptocurrency, but a simple token. The representative of digital currency is currently the most popular Bitcoin. It is generally believed that Bitcoin is the digital currency most likely to replace the status of legal tender or greatly expand the application areas of legal tender.
The first experimenter of digital currency was not Bitcoin, but it was precisely because of Bitcoin that the concept of digital currency broke into human vision and brain with overwhelming force for the first time. On January 3, 2009, the Bitcoin network was born. Satoshi Nakamoto himself released the first version of the open source Bitcoin client - the world's first Bitcoin blockchain was born, and the world's first batch of 50 Bitcoins was issued. is created. The birth of Bitcoin is the first and most important milestone in the rise of digital currency. In recognition of this huge contribution of Bitcoin, Bitcoin’s currency symbol is embedded directly into the digital currency’s universal identity. This also marks that Bitcoin (BTC) has been regarded as the world's first widely accepted and most important digital cryptocurrency. .
Since the development of digital currency, there have been thousands of currencies. Its broad categories are usually divided into three categories: Bitcoin, alternative coins and digital asset coins (Asset-). Altcoins generally refer to digital currencies created after Bitcoin technology before .0. They are also often referred to as altcoins in China. Digital asset coins are often limited to use in various blockchain projects. It is also considered a digital currency because, like Bitcoin and altcoins, it is a commonly used token in the blockchain industry (all digital currencies are essentially tokens) and is often its distinguishing feature . It is the only payment currency available in blockchain projects, and its transactions are also recorded in the blockchain using encryption technology, which means that they fully comply with the definition and application scenarios of digital currencies.
This is undoubtedly a very special classification method. The most important reason is that everything remains the same. It was Bitcoin that laid the technology and application foundation of digital currency, so Bitcoin is regarded as an independent category.
Today’s world is complex and complex. At present, in the early stages of the development of digital currency, the market is inevitably mixed (this is also an important reason why many laymen are intimidated by digital currency). Therefore, Bitcoin is used as a representative of digital currency to illustrate the excellence of digital currency. Characteristics of money.
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