Research On The Development Of Digital Currency Based On Blockchain Algorithm In My Country

Digital currency is one of the representatives of information technology innovation.It is a new form of currency formed after natural currency,metal currency and paper currency.It has greatly changed public life,reduced information and transaction costs,and expanded trading space,free from time and place constraints.Digital money is a new form of money,which plays a very important role in current social life.It has the characteristics of convenience and accuracy,making public life more convenient.However,when it causes some positive effects,it also brings many problems and challenges.As the most representative digital currency in the current network,Bitcoin is characterized by distribution banks,fixed aggregate and anonymous transactions,which is the most important change in the current network society and has a great impact on the traditional monetary system.However,many researchers hold different views on its value base and monetary nature.In the Bitcoin system,the scale of value is determined by the computing power of the Internet,which only has circulation function.Since the formation of Bitcoin in 2009,it has sprung up all over the world,and has been widely used in various fields.The most representative one is the Ether coin based on block chain 2.0.They are also rising in value and are loved by many investors.However,due to the lack of clear legal position of digital currency,the trading platform is not stable enough,and there are still some risks such as illegal transactions.However,different countries in the world have different understandings about the nature of digital currency and different attitudes towards the regulation of digital currency.So far,many countries in the world have banned digital currencies such as bitcoin and Ethernet(including China),but most countries are gradually incorporating digital currencies into their regulatory systems.Although digital currency does not conform to the definition of legal currency,it does not conform to its essential attribute to define digital currency as a virtual commodity.In the first half of 2017,our country has become the largest international market for digital currencies such as bitcoin and ethernet.During this period,with the rapid rise of prices,digital currencies accumulated a lot of risks that can not be ignored.Therefore,the development of digital currency in China is of great significance to the formulation of relevant policies and regulations and how to adapt to the current monetary environment.With the help of this study,we hope to bring some theoretical basis for the development of digital currency.