What is the code for digital currency (the letter representation of digital currency)?
What is the code for digital currency? Editor\’s note: This article is from Caiyu
What is the code for digital currency? Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), author: cncoin, authorized to be reproduced by Odaily Planet Daily.
What is the code for digital currency? The English name of digital currency is bitcoin.org, translated into Chinese as “比特币” (bit coin). It is a digital wallet composed of encrypted alphanumeric combinations and can be used to send digital assets and other types of functional goods, services, or services. This digital currency is called Bitcoin.org.
In traditional financial transactions, users usually use a separate address as a receiving account to receive funds, or transfer payments to another place, and then make purchases and pay corresponding interest and fees. This method allows people to trade through exchange rates, such as exchanging fiat currency for US dollars, and so on. However, when we digitize fiat currency, we need a new form of digital currency to bring people a better value exchange experience and reduce transaction costs.
This sounds simple—you just need to hold a specific bitcoin to create a new token, and anyone can create a new token without the intervention of a third party. However, due to the high cost in the current digital economic environment, there are also many uncertainties. For example, if bitcoin has become an effective means of payment, should its price be able to remain stable? Of course, there are also many issues to consider. In order to let investors have a clearer understanding of the virtual currency they issue, it is necessary for us to conduct a detailed study of the digital currency and the company behind it.
Letter Representation of Digital Currency
According to Bitcoinist, Bitcoin set a record high at the end of 2017. Its price soared from $1 to $55,000. However, on February 14, 2018, when the price of Bitcoin fell below $10,000, the letter representation of digital currency started to change. Ethereum was the first blockchain network to adopt this technology and completed its ICO in early March of this year.
However, this process was delayed until the third quarter of 2019. It was not until October of last year that it had its development and progress: ETH became the second largest cryptocurrency by market capitalization.
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