The meaning of cryptocurrencies in blockchain

Time:2022-9-19

Regarding the blockchain, especially the public chain, it is the cryptocurrency that cannot be avoided. The earliest source of the blockchain is Bitcoin.
Cryptocurrencies, tokens, altcoins, altcoins, bitcoin improvement proposals, ethereum, anti-money laundering, etc., terms that used to belong to finance, have been heavily reflected in the blockchain.

Digital Currency/Digital Currency
Digital currency is a currency that does not have a physical form and only exists in a digital form. It is synonymous with electronic currency in the English context, and electronic currency is generally interpreted as "electronic legal tender" in the Chinese context. , that is, "electronic renminbi" is distinguished from digital currency. Digital currency has similar properties to physical currency, but allows instant, unrestricted transfers over the Internet. Digital currency includes concepts such as virtual currency, cryptocurrency, electronic currency, etc.

cryptocurrency ptocurrency
Cryptocurrency is a currency based on cryptography and has a physical form, and is one of the manifestations of digital currency. The creation and transaction of the system and distribution system, based on cryptography and consensus mechanism to ensure the security of the circulation link, and a programmable digital currency. Different countries have different definitions of cryptocurrency. my country's central bank defines cryptocurrency as a "virtual commodity" without monetary attributes; in the United States, it has different definitions according to different departments, such as: property, commodities, currency , virtual currency, etc.

Token/Token/TokenCoin
The corresponding English words of tokens and tokens are all Tokens, which are generally not distinguished in the blockchain field, but there is a slight difference in meaning between the two; English tokens actually include both tokens, tokens and vouchers , security token, memorial and other concepts, to be precise, the corresponding English token of the token is TokenCoin, which has the same meaning as "payment token" in the blockchain field. Tokens can be defined as the balance of a certain account, and are not limited to the category of cryptocurrencies. In a broad sense, virtual currencies including Q coins belong to the category of tokens.

non-currency ncurrency
Non-currency means that it does not have the circulation nature and price measurement function of currency, so it cannot be used as a payment tool in the market, and corresponding taxes need to be levied according to its legal definition, such as value-added tax and capital gains tax.

Altcoin/AItCoin
Altcoin is the abbreviation of Bitcoin alternative, and Altcoin generally refers to the general term for all cryptocurrencies except Bitcoin.

Altcoin/AItCoin
Altcoin is an industry nickname for altcoins and altcoins. It refers to a cryptocurrency created by modifying the source code of Bitcoin.

Bitcoin Improvement Proposals/Bitcoin Improvement Proposals/BIPs
Since Bitcoin is a decentralized public chain, developers all over the world have the right to contribute to the development of the network. The Bitcoin Improvement Protocol is a design document that provides information to the Bitcoin community. In describing the new functionality, information, process or environment brought to the Bitcoin network. According to the BIP Purpose and Guidelines (BIP Purpose and Guidelines), it is divided into three Bitcoin improvement protocol forms: standard BIP, information BIP, and process BIP.

Ether/Ether/ETH
Ethereum (Ethereum) is an open source, Turing-complete, smart contract public blockchain, based on the blockchain ledger for contract processing and execution, enabling anyone to create contracts and decentralized applications, and It defines ownership rules, transaction methods and state transition functions. Ethereum was founded by Vitalik Buterin (nicknamed "Vitalik") and conducted an ICO in July 2014. Ethereum has a built-in cryptocurrency called Ether (Ether).

Gas/Gas
Gas is used to pay ether for recording transactions and other actions on a computer, which can be understood as transaction fees in bitcoin. Gas is calculated by using the gas price (a small fraction of ether) to be left with the gas limit. If the amount of gas is not enough, the task will fail, which also means that more gas means the faster the computer can complete. .

Anti-Money Laundering/Anti Money Laundering/AML
Anti-money laundering refers to the purpose of preventing money laundering by various means to cover up or conceal drug crimes, organized crimes of underworld nature, terrorist activities, smuggling crimes, corruption and bribery crimes, crimes of disrupting financial management order and other crimes and the source and nature of money laundering. Activities, yes- -series of policies and legal systems aimed at preventing the conversion of illegal income into legal income and maintaining market economic order

KYC规则/Know Your Customer/KYC
The KYC law requires financial institutions to implement the real-name account system, to understand the actual controller of the account and the actual beneficiary of the transaction, and to fully understand the customer's identity, permanent address or the business the enterprise is engaged in, and take corresponding measures.
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