1. Decentralization Different from traditional currencies, digital currencies have prominent decentralization characteristics.
The operation and issue of digital currency do not rely on the support or credit guarantee of the central bank, government, enterprises and other institutions, but rely on information technology, cryptographic algorithm, network protocol, etc., which theoretically ensures that no individual, institution, government, etc. can control the total amount of digital currency or create artificial inflation.
2. Strong anonymity Different from identity verification in electronic transactions based on legal tender, digital currency is characterized by strong anonymity.
First, digital currency transactions can be anonymous in the early stage of purchase, users only need to provide funds or through a credit card to buy digital currency, less involved in the transaction of user identity information;
Second, the anonymity of digital currency also lies in its alternative payment method different from the traditional electronic transaction, which makes the whole transaction process Chinese and foreign people can not identify the user’s identity information.
3. Convenient Payment Digital currency is not limited by time and space, which can realize the rapid transfer of domestic and foreign funds quickly, conveniently and at low cost. The whole payment process is more convenient and effective.
In cross-border such intermediary currency, for example, the traditional currency such intermediary overseas need through the banking institutions to more complex procedures, such as financial business telecommunications association identification number, specific collection to international bank account number, etc., at the same time, complete the transfer process takes longer, generally for 1-8 days, and need to pay higher fees;
Digital currency, on the other hand, can provide low-cost and convenient services for overseas remittance.
