What is the difference between virtual currency, digital currency, cryptocurrency, tokens, passes?

I. Different definitions:

1. Virtual Currency:

Virtual currency is a currency that refers to non-real money.

2. Digital Currency:

Digital currency is an alternative currency in the form of electronic money. Digital gold coins and cryptocurrencies are digital currencies (DIGICCY).

3. Cryptocurrency:

Cryptocurrency is a medium of exchange that uses the principles of cryptography to secure transactions and control the creation of units of exchange.

4. Token:

An item that is similar in shape and size to a currency, but limited in scope of use and has no currency effect, and whose token is the English equivalent of the English Token.

Two, different characteristics:

1. Virtual currency:

Virtual currency is not a general equivalent, but the expression of the relativity of value, or the expression of the symbols; it can also be said that the virtual currency is a personalized currency. In another parlance, it can also be referred to as information currency.

2. Digital Currency:

It is an unregulated, digitized currency, usually issued and managed by a developer, that is accepted and used by members of a particular virtual community.

3. Cryptocurrency:

Cryptocurrencies are based on decentralized *** knowledge mechanisms , as opposed to the banking and financial system, which relies on a centralized regulatory system.

4. Tokens (passes):

They usually need to be exchanged for money, and are used in stores, amusement parks, mass transit, etc., as credentials to use services, exchange for goods, etc.

Expanded Information

At this stage, digital currency is more like an investment product, because of the lack of strong guarantee institutions to maintain the stability of its price, and its role as a measure of value has not yet appeared, and can not serve as a means of payment. Digital currency as an investment product, its development can not be separated from the trading platform, operating companies and investment.

Digital currency is a double-edged sword, on the one hand, the blockchain technology it relies on realizes decentralization, which can be used in areas other than digital currencies, which is one of the reasons why Bitcoin has been hotly pursued; on the other hand, if digital currencies are widely used as a kind of currency by the public, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial markets, financial stability and other aspects. have a huge impact.

Baidu Encyclopedia - Virtual Currency

Baidu Encyclopedia - Digital Currency

Baidu Encyclopedia - Cryptocurrency

Baidu Encyclopedia - Token