Similar currency to bitcoin

1. Is there a currency similar to Bitcoin?

Yes, Ethereum is the most popular currency besides Bitcoin at present, I just saw an Ethereum on the (Hufu) exchange Fang’s current market cap is $1,250.

2. What are the investments similar to Bitcoin

Bitcoin has nearly 520w times the investment return since its birth, which is higher than buying the stocks of Buffett Investment Company with the highest share price. Is there still such a high-yield investment product like virtual currency?

3. Will bitcoin be replaced by other currencies?

The reason why many people think bitcoin is valuable , because of “rareness,” and if Bitcoin is no longer “rare,” then it has no value.

This is a misunderstanding, come on, let’s think about a question, what is the essence of all “currency”?

The answer is trust. The biggest reason the dollar has value is because of the credibility established for the dollar under the Bretton Woods agreement, not the so-called equivalent of gold (although others say so). The main reason why the renminbi is valuable is because of the trust system of the renminbi in China and neighboring countries, rather than the exchange with US dollar reserves (just look at the offshore renminbi). This can explain why some countries’ currencies (such as the Russian ruble, and as you all know the Zimbabwe dollar) have depreciated significantly, because of the trust system that does not support the existence of the currency due to the government and the current world situation, the so-called economic sanctions and Currency speculation is a very superficial and superficial reason.

The essence of money is trust.

So, what about Bitcoin?

Bitcoin has no centralized trust measurement agency. The value of Bitcoin, that is, its “credit system”, comes from distrust of centralized units. Every country has found that the seigniorage is too good to pay, and drinking the dove to quench thirst has led to the worsening of the trust between countries, and even the people of all countries themselves have distrust of the country’s currency.

And trust, like quality, is conserved. The trust in the centralized currency decreases, and the trust in the decentralized currency naturally increases.

This is the essential reason why the value of Bitcoin keeps increasing. Therefore, for digital currencies such as Bitcoin, there are only two endings. Either countries want to understand that they will no longer issue over-issued currencies, and issue additional currencies in a scientific and reasonable way. Countries have a unified and stable exchange rate and maintain the credit system of centralized currencies. Then, The value of a currency such as Bitcoin will be infinitely close to 0. Either countries continue to drink to quench their thirst, and use the method of over-issued currency to collect seigniorage from everyone, then the trust in the centralized currency will become lower and lower. Bitcoin is a decentralized currency. The total value will be infinitely close to the gross labor product of all units that do not trust the government, and other governments, but require international trade.

Either the price is crazy high or it’s worthless.

So after understanding this, you can answer this question. Will bitcoin be replaced by other digital currencies?

Cheaters such as **, even the old king next door can come and shout “I spent 10 minutes changing the core of bitcoin and created a new digital currency called SBC, SBs, hurry up Come and participate in my ICO and pay me seigniorage~”. So, if this kind of thing happened, would you immediately choose to use the SBC of Pharaoh next door?

The answer is that speculators will participate in part, but the market will not. The reason is very simple. The new cryptocurrency has not been recognized by the market, the application has not been generated, and there is no way for this currency to be exchanged for means of production. Then this currency is not currency, but a virtual commodity for speculation. That is to say, even if Pharaoh next door ICO has an SBC, no one will choose this coin except for those mindless speculators.

In the current market, there are indeed many other digital currencies such as Ethereum, EOS, XRP, etc., which may have technical advantages in some aspects (in fact, BTC has also been evolving and will learn from it. Other digital currencies have successfully proven the advanced technology in the market. Coins such as LTC can be said to be the experimental currency of BTC’s advanced technology.), there may be more application scenarios than BTC in the future, but none of them can challenge the status of BTC. BTC will always be the first consensus in the currency circle and the belief of many people. BTC will exist as gold in the currency market for a long time, not a digital currency mainly used for circulation.

4. Besides Bitcoin (BTC), what other virtual currencies are there

1, Q coins

Q coins, Abbreviated as QB, also known as QQ coins, Tencent Q coins, etc. Usually its exchange rate is 1Q currency = 1 RMB, and it is generally 10% off for transactions on Tencent Paipai.

QB is a virtual currency launched by Tencent, which can be used to pay for QQ’s QQ line number, QQ membership services, etc.services. Tencent Q coins can be obtained by purchasing QQ cards, phone recharge, bank card recharge, network recharge, mobile phone recharge card, all-in-one card recharge card, etc.

The face value of the QQ card is 10 yuan, 15 yuan, 30 yuan, 60 yuan, 100 yuan and 200 yuan respectively.

There is another kind that exists in the electronic cryptocurrency circle, the name is QQCoin, and the two are not related.

2, Litecoin

Litecoin, abbreviation: LTC, currency symbol: Ł; is a network based on “peer-to-peer” technology Currency is also an open source software project under the MIT/X11 license. It helps users make instant payments to anyone in the world.

Litecoin is inspired by Bitcoin (BTC) and technically has the same realization principle, the creation and transfer of Litecoin is based on an open source encryption protocol that is not governed by any central authority .

3. Infinite Coin

Infinite Coin (IFC for short) is an emerging digital currency, which has more circulation advantages than Bitcoin, filling the role of Bitcoin in commercial circulation and promoting business Shortcomings in areas such as operation. The positioning of Unlimited Coin is to serve the small transaction payment in daily life.

Unlimited currency requires 3 confirmations per transaction, each confirmation takes 3 seconds, and the transaction confirmation speed is very fast. Since Bitcoin transactions require a total of 6 confirmations, which take about 1 hour, and Litecoin transaction confirmations take 15 minutes, unlimited coins are used for daily common transactions, which is more practical.

Infinite Coin was released on June 5, 2013. Based on Scrypt PoW algorithm. A block is generated in 30 seconds. The initial block contains 524,288 unlimited coins. After that, every 86,400 blocks are generated, the number of coins in the block is halved, with a total of about 90.6 billion coins. Mining difficulty is adjusted hourly.

4. Quark Coin

Quark Coin is not a currency in real life, it exists securely in the computers of the global network.

The Quark Network is protected by 6 state-of-the-art encryption algorithms to ensure that it can become a digital ledger, and the entire network generates a proof-of-work by utilizing each of the 6 functions. -work), and coin producers must “validate” these transactions to ensure that each coin addition is genuine and valid.

Only legitimate computers can participate in ensuring that it can maintain a highly secure peer-to-peer network, which makes it more decentralized.

Quark coins can only be mined through the CPU of a regular computer. In the first 36 weeks, a total of 247,605,120 quarks will be mined. Starting from March 30, 2014, the number of quarks is set to 1,050,000 every year. Coins can flow into the market through “mining”, and the block reward will never be lower than 1, currently 2.

5. Zetacoin

Zetacoin was released on August 3, 2013, with one confirmation every 30 seconds, and the transaction confirmation speed is very fast. Zetacoin is based on the SHA-256 algorithm An open source digital currency, the initial coin mining is 160 million coins, 1 million gold coins and subsequent annual inflation, this small inflation is a better incentive to keep the network hash not pure transaction fee.

The total amount of Zetacoin is 160 million, 1000 ZET per block, and halved every 80640 blocks.

5. Will electronic currency like Bitcoin replace government-issued currency in the future?

The government may allow electronic currency to exist, but it is impossible to replace traditional currency, not safe

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6. Another currency after Bitcoin

At present, there are many virtual currencies, but so far no virtual currency can replace the hegemony of Bitcoin. But the future is infinite.

But for now, Bitcoin remains by far the most popular decentralized virtual currency, although there is no guarantee that it will remain in this position forever. There are already a few alternative currencies inspired by Bitcoin. However, a more reasonable assumption is that the new currency needs to have significant improvements to replace Bitcoin in the current established market, of course, these are still unpredictable. Without changing the basic composition of the protocol, Bitcoin may also adopt some improvements in competing currencies.

7. Do we have a currency similar to Bitcoin in China?

The wording you use in this question makes me very embarrassed.
In addition, there is no future for this thing, only those who can control the disk can make money. It is better to find a way to re-sell the mining machine mining card if you are dealing with this currency.

8. What are the famous virtual currencies like Bitcoin

, for example, Dogecoin, which is the main reward culture; Wright, which is known as a Bitcoin experiment Coin; Ripple Coin, which is taking the big route; Yuanbao Coin, known as China’s Bitcoin; Dark Coin, which focuses on anonymity; and BitShares, which is ideal and lofty.

9. Which virtual currencies are there other than Bitcoin?

There are many virtual currencies other than Bitcoin. The more well-known ones are Litecoin, Fuyuancoin and Doggo Coin, Ripple, Bitcoin�, Yuanbao coins, etc.

“Bit Gold, Lite Silver” Litecoin’s propaganda slogan, willing to be second, an unsuccessful experiment of Bitcoin, the ancestor of altcoins.

Fuyuan Coin is similar to traditional business points. The business point system of the jewelry industry focuses on a closed-loop business circle.

Dogecoin caters to the needs of Westerners’ small tipping culture and has certain advantages in the small tipping and charity markets.

Ripple took the high-level route and took the initiative to accept supervision. The founders mastered a lot of Ripple.

Bitshares put forward the concept of intelligence for the first time, but it only stayed on the concept. Li Xiaolai invested and made a lot of money.

Yuanbao coin is a kind of domestic virtual currency with high popularity.

Bitcoin Home has more reports on altcoins.

10. What other virtual currency is there besides Bitcoin

Virtual currency refers to non-real currency. Well-known virtual currencies such as Internet coins of Internet companies, Q coins of Tencent companies, Q points, coupons of Shanda companies, micro coins launched by Sina (used for micro games, Sina reading, etc.), chivalrous ingots (used for chivalrous Taoist games) ), silver pattern (used in Bixue Qingtian game), popular digital currencies in 2013 include Bitcoin, Litecoin, Unlimited Coin, Quark Coin, Zeta Coin, BBQ Coin, Penny Coin (external network), Invisible Gold Bar, Red coins, prime coins. At present, there are hundreds of digital currencies issued around the world. The legend of “bit gold, Wright silver, infinite copper, penny aluminum” is popular in the circle.
According to the notices and announcements issued by the People’s Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have currency attributes such as legal compensation and mandatory, is not currency in the true sense, and does not have legal equivalent to currency. Status, can not and should not be used as currency in the market, citizen investment and trading virtual currency are not protected by law.
Response time: 2020-12-10, please refer to the official website of Ping An Bank for the latest business changes.
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