wholesale cannabis jewelry What currency is digital currency GFA?

wholesale gold jewelry suppliers china Digital currency is an unstructured and 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. Essence
D digital currency is an alternative currency in the form of electronic currency. Digital gold coins and password currency belong to digital currencies.

The expansion information:
D digital currency can be considered a virtual currency based on node network and digital plus algorithm. The core features of digital currency are mainly reflected in three aspects:
① Since the digital currency does not issue the main body from some open algorithms, no one or institution can control its distribution;
② due to the algorithm solution due to algorithm solution The quantity is determined, so the total amount of digital currencies is fixed, which fundamentally eliminates the possibility of inflation caused by virtual currency abuse;
③ Since the recognition of each node in the network requires the transaction process 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.
Reference materials: Baidu Encyclopedia-Digital Currency