The invention discloses a dispersed embedded anti-counterfeiting label based on a dynamic two-dimensional code, which includes: a protective shell embedded in a commodity, the upper surface of which is flush with the outer surface of the commodity, and one side of the protective shell is hinged to the commodity; The two-dimensional code display unit includes a bracket, which is randomly divided into several small blocks, and any small block is provided with a fingerprint sensor and an NFC chip, and the remaining small blocks are respectively provided with a display screen and embedded with an RFID chip. The bottom of the display screen is respectively provided with an input terminal; and a dynamic two-dimensional code generation unit, including a housing, which is integrally connected with the bottom of the bracket, and an arithmetic unit connected to the input terminal is provided in the housing; wherein, the fingerprint sensor and the arithmetic unit The devices communicate wirelessly with the server respectively, and the server also communicates wirelessly with the handheld client device that recognizes the NFC chip, each RFID chip, and the dynamic two-dimensional code.