Chapter 1476 (1/2)

Virtual currency.

Dimon pondered for a moment.

”Does this virtual currency have certain constraints. For example, in real money, it used to be the silver standard, which depends on the country's silver dollar to print. Then came the gold standard, which depended on the country's total gold. Up to now, it is the credit system. Before national printing, it no longer depends on gold and silver, but according to the national credit line. Therefore, in theory, the state can print money in unlimited quantities. But if there are no restrictions at all, the money in this country will be worthless. ” Damon said.

Everyone loves money in the financial world.

But in fact, money itself has no value.

Money itself is a piece of paper.

In itself, it has no value.

Because the government printing money has credit value, the money printed by it is valuable.

Therefore, the credit value of each country and the comprehensive national strength of each country are a constraint on the banknotes they print.

In terms of network, if there is no restriction, this virtual currency is a piece of code. You can have as much as you want. No matter how hyped, it is worthless.

In itself, it will be worthless.

In this case, no matter how he fried, it was useless.

”This virtual currency is a very advanced algorithm. At the limit of its algorithm, it can only produce 21 million in the end. No more. Only 21 million! ” Qin Feng said.

”What do you mean?” Damon is a little confused.

”In short, every bill has a unique crown number, right?” Qin Feng said.

Damon nodded.

Each note is unique and cannot overlap.

Once it overlaps, it is counterfeit money.

Of course, there are extremely rare cases of official printing errors. This is extremely rare. Examples can be inappropriate.

”The virtual currency we designed uses a set of equations to give a unique number to an electronic currency. At the beginning of the design, there were only 21 million equations. ” Qin Feng said, ”then, solve the problem through specific complex calculation formulas. When you untie it, you get this group of crown numbers and you get an electronic currency. ”

Now, Damon understands.

When you understand, your eyes begin to shine.

Because of the scarcity of money, there are 21 million pieces in total, and everyone can calculate and obtain them. This is a hype space.

”However, it is not so easy to let the outside world accept it.” Damon said.

Qin Feng nodded.

I have worked hard for digital music copyright. Up to now, none of the five major record companies have given it to me.

Under the limitations of the times, it is difficult to develop things that cross the times.

Twenty years later, we are used to it. But now, it's not that easy.

This is not because people are stupid, but because of people's habits.

Just like, the domestic has been using WeChat to pay, Alipay to pay. If, apart from personal and personal transfer, apple payment or Google payment is more convenient, how many people use it?

In fact, this method of payment is used all over the world. Directly bind the credit card or bank card to the mobile phone. Then when you pay, just brush your mobile phone at the POS.

Just pass the mobile phone security verification and brush it directly. No software at all.

For example, fingerprint mobile phone, that is, put the fingerprint on it, and then close to the POS machine, the payment will be successful.

If it's a face, brush it and get close to the POS.

This payment method is undoubtedly very convenient when there is a POS machine. Don't open the software, scan each other's codes. Moreover, any POS machine in the world supports it, and you can pay without a network.

However, how many people use it in China?

Even if someone says it, it's very convenient. But not many people use it. This is the result of habit.