2010•Zhongguo ruankexueRequires access

The Special Virtual Currency

Cong Qin

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Abstract

Along with the development of virtual economy,virtual currency is becoming increasingly flourishing,as a kind of new instrument of transaction.Although the virtual currency and electronic currency are often be confused,different from electronic currency,virtual currency is still hesitating in the developing stage.People have their own opinions about the definition of virtual currency.And it is the same with its classification.Even though freely circulating of virtual currency needs more time,the exchange between virtual currency and real currency has already made first appearance.For this kind of currency,at first we should make clear of its definition.Then it makes us convenient to set up principles in circulation and law.

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What this paper is about

Along with the development of virtual economy,virtual currency is becoming increasingly flourishing,as a kind of new instrument of transaction.Although the virtual currency and electronic currency are often be confused,different from electronic currency,virtual currency is still hesitating in the developing stage.People have their own opinions about the definition of virtual currency.And it is the same with its classification.Even though freely circulating of virtual currency needs more time,the exchange between virtual currency and real currency has already made first appearance.For this kind of currency,at first we should make clear of its definition.Then it makes us convenient to set up principles in circulation and law.

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Available abstract

Along with the development of virtual economy,virtual currency is becoming increasingly flourishing,as a kind of new instrument of transaction.Although the virtual currency and electronic currency are often be confused,different from electronic currency,virtual currency is still hesitating in the developing stage.People have their own opinions about the definition of virtual currency.And it is the same with its classification.Even though freely circulating of virtual currency needs more time,the exchange between virtual currency and real currency has already made first appearance.For this kind of currency,at first we should make clear of its definition.Then it makes us convenient to set up principles in circulation and law.

Key concepts: Virtual currency, Currency, Database transaction, Foreign exchange risk, Circulation (fluid dynamics), Set (abstract data type), Reserve currency, Digital currency

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