The Product of Virtual Currency
Virtual currency is the product of what? According to CCN, virtual currency is a
Virtual currency is the product of what? According to CCN, virtual currency is an innovative form of blockchain technology. The inventors of virtual currency believe that it is a peer-to-peer network system that can achieve zero-sum games and free exchange of information between trading parties. Although Bitcoin has the characteristic of anonymity and can be exchanged with other currencies, it has no actual value.
According to reports, from 2014 to 2017, the price of Bitcoin reached its historical high of $10,000. However, in early 2018, due to regulatory reasons and the prohibition of encrypted digital assets by governments worldwide, Bitcoin’s decline exceeded 50%. Starting from March 24, 2018, a large number of promotional materials about ICO projects have been circulated globally, including the names of celebrities like Zhou Xiaochuan, the governor of the People’s Bank of China. Subsequently, after the release of Facebook’s Libra whitepaper, the price of Bitcoin also experienced significant fluctuations, reaching a low point of around $4,000 at one point. It has since been in a low-level oscillating trend. As of now, Bitcoin is temporarily quoted at around $46,000, with a 24-hour increase of 30%, and the current price is $43,100.
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