What DCEP exactly?
https://www.cnblogs.com/kaixin2018/p/11795534.html
DCEP (Digital Currency Electronic Payment) digital currency electronic payment instruments
DCEP launched by the People's Bank of China, the launch time to be determined.
October 28, China International Economic Exchange Center vice president Huang Qifan at the First Bund financial summit, "said People's Bank of China for research DCEP already has five or six years, I think it has matured. People's Bank of China is probably the world the central bank launched the first digital currency. "
Our central bank introduced digital currency (DCEP) is a tile-based chain introduced a new technology to encrypt electronic monetary system.
The use of double DCEP operating system, namely the People's Bank DCEP first exchange to the bank or other financial institution, and then redeem these institutions to the public.
DCEP meaning that it is not an existing digital currency, but instead of M0. It makes the trading process on the account greatly reduced dependence conducive to the circulation and internationalization of the RMB.
1, issued DCEP similar issue RMB.
In the issue of the RMB, the yuan central bank will lend commercial banks, commercial banks through the financial sector activities will be released yuan. In issuing DCEP, the People's Bank of DCEP first exchange to the bank or other financial institution, and then redeem these institutions to the public.
2, DCEP of the renminbi is not a number, but instead of M0, low dependence on the account.
M0 = cash in circulation, cash refers to cash on hand and residents of each unit of the banking system and beyond.
Digital renminbi, can be understood as the next line instead of the line, but in whether online or offline, you need the support account, such as Alipay micro letters need to bind bank card. Different DCEP, it does not account can run, and that, like Bitcoin, Bitcoin has two addresses you can transfer money to each other, to obtain addresses without any constraints. In other words, when you use DCEP be paid not need to bind any bank account, which is the biggest difference DCEP renminbi and digitizing.
3, DCEP conducive to the flow of the yuan.
DCEP will replace cash in circulation. Now the bill, coin issued its printing, distribution, return, storage and other links are very high cost, but also put some of the cost of doing anti-counterfeiting technology, convenient to carry, not health, and now people have turned to non-cash consumption. We know that a big advantage Bitcoin legal tender is issued and outstanding system relative to other sectors Bitcoin extremely cost savings, DCEP at this point with Bitcoin is similar to the cost of running such currency will be greatly reduced. Here is a simple example, DCEP era, the armored car is not needed, the bank will be reduced around the office a lot, which should save a lot of money.
In addition, the public have privacy, there is a demand within the law to allow anonymous payments, and now payment instruments, such as online banking, micro-channel Alipay is a bank account bound, can not meet the anonymous demand, so now the payment system can not completely replace cash payments. And with DCEP, to meet the needs of anonymity, therefore, DCEP can completely replace cash in circulation.
4, DCEP in favor of internationalization of the RMB.
Renminbi internationalization of RMB is able to cross borders, circulation abroad and become internationally accepted valuation process, settlement and reserve currency.
RMB internationalization consists of three aspects:
First, RMB circulation outside a certain degree;
Second, to deal in international trade settlement in RMB to reach a certain proportion;
Third, the RMB-denominated financial products as an investment tool for all major international financial institutions, including central banks.
In which the first step is to circulate outside the country.
With DCEP, no matter where the two sides at the time of the transaction, as long as the phone installed on the support of China DCEP wallet standard APP, can be exchanged for local currency and the price of the RMB exchange rate according to real-time display of the realization of the transaction, the two sides through the mobile phone DCEP transfer it. This tradition of cross-border payments with a big difference, such as paypal, credit card, it depends on each party's bank account system, when using paypal, bank cards must first register for an account, when one party does not support banking system when the transaction can not be completed. And do not rely DCEP account, very convenient.
DCEP is a tool, it requires a sufficient number of usage scenarios, the local people after receiving DCEP, to be able to take out, or can be converted directly into the local legal tender on the phone, these links are key internationalization of the RMB, behind them China's international influence and the expansion of overseas capital.
DCEP the development process:
Speaking of the Bank of digital currency research and development process of our country, it might be early than any other country, let's breakdown of what DC / EP development history.
The central bank was established in 2014 specializing in digital currency issue legal team, we demonstrate the feasibility of the central bank issued legal digital currency.
In 2015 the central bank released research report series issued digital currency, and complete the two legal amendments issued digital currency prototypes.
After a year of feasibility studies, legal digital currency model is constantly improving.
January 20, 2016 the Bank held a seminar digital currency, further defined the strategic objectives of the central bank issued digital currency, to be issued will determine the legal digital currency.
November 2016 the central bank is determined using a digital ticket transaction platform as a pilot application scenarios legal digital currency, and started the development of digital tickets close trading platform.
Official pilot development, the feasibility of using the practice test theory.
February 2017 the central bank monetary digital Institute successfully tested the bill based on the digital block chain trading platform. According to arrangements for the central bank, the Shanghai Stock Exchange in conjunction with the Bills digital Monetary Institute, the organization notes credit card companies, ICBC, Bank of China, Bank of Hangzhou and Shanghai Pudong Development Bank jointly launched a tile-based chain of digital technology trading platform bills related work.
In June 2017 the central bank monetary digital Institute was formally established in Beijing, 9th Floor, Block C Desheng International Center. Based jobs, a major study of digital content, including the Institute of Legal Studies digital currency block chain development, chip design.
September 2018 "Nanjing Science and Technology Innovation Centers" and "Digital China's central bank Monetary Institute (Nanjing) demonstration base" officially inaugurated. The center consists of Nanjing Municipal Government, Nanjing University, Jiangsu Bank, Nanjing Branch of Bank of China, China's central bank monetary cooperation to build digital Institute.
September 12, 2018 the Bank of digital Monetary Institute "legal digital currency model and reference architecture" won first prize in the Science and Technology Development Award banks leading group meeting on review.
August 2019 the central bank held the second half of 2019 work was held, the meeting request to accelerate our legal digital currency (DC / EP) the pace of research and development, domestic and international follow-up study of virtual currency trends, continue to strengthen the financial risks of Internet regulation.
August 10, the central bank payment and settlement, deputy director of Mu Changchun in China's financial forty forums, relevant personnel from the central bank last year have begun to 996 related to the development system, "can now be said to be ready to come out."
September 2019 our legal digital currency (DC / EP) "closed loop test" started, simulation testing involves a number of commercial payment solutions and non-governmental organizations.
Through five years of development, we can see the state of the digital tidal wave of attempts to embrace the initiative, we have reason to believe that China can have confidence in the DC / EP well, stronger, and even made international currency!
DCEP bit credits and digital money such similarities and differences:
The same place:
They all have anonymity, without having to account to operate, they all realized the value of the transfer on the Internet.
different places:
Is an extension of the yuan on DCEP nature, it has legal tender some advantages and disadvantages, it is dependent on the national credit and national influence. Bitcoin groups do not endorse credit, it relies on algorithms and consensus.
DCEP is a stable currency, its value is the value of the yuan. Bitcoin value is not stable, and its price volatility.
DCEP is the center of the currency, its production decision issued by the central bank. Bitcoin is a decentralized currency, issued its production system is determined by the algorithm and miners.
DCEP yuan banknotes between the similarities and differences:
The same place:
China's central bank are legal tender, has a law liquidating, not rejected.
different places:
Banknotes are visible, it can be hand-held flow;
DCEP electronic products, can not see, can hold mobile phones and other devices in circulation;
-------- (I am dividing line) --------
This article reference links:
Remarks:
Initial modified: November 4, 2019 22:46:59
Environment: Windows 7 / Python 3.7.2
DCEP (Digital Currency Electronic Payment) digital currency electronic payment instruments
DCEP launched by the People's Bank of China, the launch time to be determined.
October 28, China International Economic Exchange Center vice president Huang Qifan at the First Bund financial summit, "said People's Bank of China for research DCEP already has five or six years, I think it has matured. People's Bank of China is probably the world the central bank launched the first digital currency. "
Our central bank introduced digital currency (DCEP) is a tile-based chain introduced a new technology to encrypt electronic monetary system.
The use of double DCEP operating system, namely the People's Bank DCEP first exchange to the bank or other financial institution, and then redeem these institutions to the public.
DCEP meaning that it is not an existing digital currency, but instead of M0. It makes the trading process on the account greatly reduced dependence conducive to the circulation and internationalization of the RMB.
1, issued DCEP similar issue RMB.
In the issue of the RMB, the yuan central bank will lend commercial banks, commercial banks through the financial sector activities will be released yuan. In issuing DCEP, the People's Bank of DCEP first exchange to the bank or other financial institution, and then redeem these institutions to the public.
2, DCEP of the renminbi is not a number, but instead of M0, low dependence on the account.
M0 = cash in circulation, cash refers to cash on hand and residents of each unit of the banking system and beyond.
Digital renminbi, can be understood as the next line instead of the line, but in whether online or offline, you need the support account, such as Alipay micro letters need to bind bank card. Different DCEP, it does not account can run, and that, like Bitcoin, Bitcoin has two addresses you can transfer money to each other, to obtain addresses without any constraints. In other words, when you use DCEP be paid not need to bind any bank account, which is the biggest difference DCEP renminbi and digitizing.
3, DCEP conducive to the flow of the yuan.
DCEP will replace cash in circulation. Now the bill, coin issued its printing, distribution, return, storage and other links are very high cost, but also put some of the cost of doing anti-counterfeiting technology, convenient to carry, not health, and now people have turned to non-cash consumption. We know that a big advantage Bitcoin legal tender is issued and outstanding system relative to other sectors Bitcoin extremely cost savings, DCEP at this point with Bitcoin is similar to the cost of running such currency will be greatly reduced. Here is a simple example, DCEP era, the armored car is not needed, the bank will be reduced around the office a lot, which should save a lot of money.
In addition, the public have privacy, there is a demand within the law to allow anonymous payments, and now payment instruments, such as online banking, micro-channel Alipay is a bank account bound, can not meet the anonymous demand, so now the payment system can not completely replace cash payments. And with DCEP, to meet the needs of anonymity, therefore, DCEP can completely replace cash in circulation.
4, DCEP in favor of internationalization of the RMB.
Renminbi internationalization of RMB is able to cross borders, circulation abroad and become internationally accepted valuation process, settlement and reserve currency.
RMB internationalization consists of three aspects:
First, RMB circulation outside a certain degree;
Second, to deal in international trade settlement in RMB to reach a certain proportion;
Third, the RMB-denominated financial products as an investment tool for all major international financial institutions, including central banks.
In which the first step is to circulate outside the country.
With DCEP, no matter where the two sides at the time of the transaction, as long as the phone installed on the support of China DCEP wallet standard APP, can be exchanged for local currency and the price of the RMB exchange rate according to real-time display of the realization of the transaction, the two sides through the mobile phone DCEP transfer it. This tradition of cross-border payments with a big difference, such as paypal, credit card, it depends on each party's bank account system, when using paypal, bank cards must first register for an account, when one party does not support banking system when the transaction can not be completed. And do not rely DCEP account, very convenient.
DCEP is a tool, it requires a sufficient number of usage scenarios, the local people after receiving DCEP, to be able to take out, or can be converted directly into the local legal tender on the phone, these links are key internationalization of the RMB, behind them China's international influence and the expansion of overseas capital.
DCEP the development process:
Speaking of the Bank of digital currency research and development process of our country, it might be early than any other country, let's breakdown of what DC / EP development history.
The central bank was established in 2014 specializing in digital currency issue legal team, we demonstrate the feasibility of the central bank issued legal digital currency.
In 2015 the central bank released research report series issued digital currency, and complete the two legal amendments issued digital currency prototypes.
After a year of feasibility studies, legal digital currency model is constantly improving.
January 20, 2016 the Bank held a seminar digital currency, further defined the strategic objectives of the central bank issued digital currency, to be issued will determine the legal digital currency.
November 2016 the central bank is determined using a digital ticket transaction platform as a pilot application scenarios legal digital currency, and started the development of digital tickets close trading platform.
Official pilot development, the feasibility of using the practice test theory.
February 2017 the central bank monetary digital Institute successfully tested the bill based on the digital block chain trading platform. According to arrangements for the central bank, the Shanghai Stock Exchange in conjunction with the Bills digital Monetary Institute, the organization notes credit card companies, ICBC, Bank of China, Bank of Hangzhou and Shanghai Pudong Development Bank jointly launched a tile-based chain of digital technology trading platform bills related work.
In June 2017 the central bank monetary digital Institute was formally established in Beijing, 9th Floor, Block C Desheng International Center. Based jobs, a major study of digital content, including the Institute of Legal Studies digital currency block chain development, chip design.
September 2018 "Nanjing Science and Technology Innovation Centers" and "Digital China's central bank Monetary Institute (Nanjing) demonstration base" officially inaugurated. The center consists of Nanjing Municipal Government, Nanjing University, Jiangsu Bank, Nanjing Branch of Bank of China, China's central bank monetary cooperation to build digital Institute.
September 12, 2018 the Bank of digital Monetary Institute "legal digital currency model and reference architecture" won first prize in the Science and Technology Development Award banks leading group meeting on review.
August 2019 the central bank held the second half of 2019 work was held, the meeting request to accelerate our legal digital currency (DC / EP) the pace of research and development, domestic and international follow-up study of virtual currency trends, continue to strengthen the financial risks of Internet regulation.
August 10, the central bank payment and settlement, deputy director of Mu Changchun in China's financial forty forums, relevant personnel from the central bank last year have begun to 996 related to the development system, "can now be said to be ready to come out."
September 2019 our legal digital currency (DC / EP) "closed loop test" started, simulation testing involves a number of commercial payment solutions and non-governmental organizations.
Through five years of development, we can see the state of the digital tidal wave of attempts to embrace the initiative, we have reason to believe that China can have confidence in the DC / EP well, stronger, and even made international currency!
DCEP bit credits and digital money such similarities and differences:
The same place:
They all have anonymity, without having to account to operate, they all realized the value of the transfer on the Internet.
different places:
Is an extension of the yuan on DCEP nature, it has legal tender some advantages and disadvantages, it is dependent on the national credit and national influence. Bitcoin groups do not endorse credit, it relies on algorithms and consensus.
DCEP is a stable currency, its value is the value of the yuan. Bitcoin value is not stable, and its price volatility.
DCEP is the center of the currency, its production decision issued by the central bank. Bitcoin is a decentralized currency, issued its production system is determined by the algorithm and miners.
DCEP yuan banknotes between the similarities and differences:
The same place:
China's central bank are legal tender, has a law liquidating, not rejected.
different places:
Banknotes are visible, it can be hand-held flow;
DCEP electronic products, can not see, can hold mobile phones and other devices in circulation;
-------- (I am dividing line) --------
This article reference links:
Remarks:
Initial modified: November 4, 2019 22:46:59
Environment: Windows 7 / Python 3.7.2