Circulation method of binary system digital currency

A dual system, digital currency technology, applied in the Internet field, can solve the problems of currency not participating in market circulation, insecurity, and easy to old.

Inactive Publication Date: 2017-08-18
吕文华
View PDF2 Cites 3 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

There are many inconveniences and disadvantages in banknotes, for example: 1. The cost of anti-counterfeiting: the anti-counterfeiting of banknotes requires a lot of cost in printing, checking and other links
Second, the cost of transportation: cash transport vehicles, escorts, etc.
3. Cost of reissue: perishable, damaged, damaged
4. The price of precipitation: Chinese people love to save cash, especially in the vast rural areas. A large amount of money is stored in the home, causing part of the currency to be unable to participate in market circulation. The government can only avoid it by increasing issuance, reissuing banknotes, and increasing credit and budget lines. Deflation This, from a certain point of view, paper money sleep

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Circulation method of binary system digital currency
  • Circulation method of binary system digital currency
  • Circulation method of binary system digital currency

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 1

[0165] refer to figure 1 , figure 1 A structural block diagram of a digital currency 100 conforming to a binary system is shown. The digital currency 100 includes:

[0166] The digital currency front message 11 is used to transmit the digital currency front message to the receiving end for display in the circulation link using the digital currency digital signature field containing the digital certificate of the sender to digitally sign the currency content summary of the digital currency front message. Use the digital certificate containing the sending end to digitally sign the currency content summary of the digital currency front message. Preferably, when the digital currency is issued, use the issuer's digital certificate to digitally sign the digital currency currency message, which can effectively prevent forgery and tamper. and

[0167] The message 12 on the back of the digital currency is used to verify and sign the information on the front of the digital currency ...

Embodiment 2

[0183] refer to Figure 4 , Figure 4 A flow chart showing a circulation method of a binary system digital currency is applied to the binary system digital currency 100 described in the first embodiment. It is the sender in the process of signing and paying digital currency, including step S210 to step S230:

[0184] In step S210, the sending end sends to the trusted platform the first transaction message for signing and paying the positive message of the digital currency, including:

[0185] The sending end obtains the information of the receiving end through the handshake protocol; requests the server for a transaction message based on the positive message of the digital currency, receives the first transaction message returned by the server based on the positive message of the digital currency, and uses the digital certificate of the sending end to verify the first transaction message based on the positive message of the digital currency. A transaction message is signed, ...

Embodiment 3

[0194] refer to Figure 5 , Figure 5 A flow chart showing a circulation method of a binary system digital currency is applied to the binary system digital currency 100 described in the first embodiment. It is a trusted platform in the digital currency signing and payment process, including steps S310 to S320:

[0195] In step S310, the trusted platform receives and verifies the first transaction message sent by the sending end after signing and paying for the front message of digital currency and the second transaction message sent by the receiving end after signing and receiving the front message of digital currency.

[0196] The trusted platform receives and verifies the first transaction message sent by the sender after signing and paying for the positive message of the digital currency, including:

[0197] The trusted platform receives the first transaction message sent by the sender after signing the positive message of the digital currency; retrieves the public key ce...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

PUM

No PUM Login to view more

Abstract

The invention provides a circulation method of binary system digital currency. The circulation method of binary system digital currency includes the steps: a transmission end transmits a first transaction message which signs up for a digital currency front message to a credible platform; after the first acceptance result is received, the digital currency front message during the sign change process is transmitted to a receiving end; the receiving end sends a second transaction message which signs for the digital currency front message to the credible platform; and the credible platform receives and verifies the second transaction message which is transmitted from the receiving end after signing for the digital currency front message, updates the information of the current holder, and authenticates and countersigns the digital currency back message. The circulation method of binary system digital currency can realize digitalization of paper currency and utilizes the technology to issue new currency, and has the advantages of reducing various costs for currency issue, effectively reducing misalignment of circulation, caused by precipitation sleep of traditional currency, effectively improving the disadvantages that tracking, tracing and statistical analysis during the circulation link for the traditional currency cannot be implemented, and effectively improving safety for keeping and transportation for the holder.

Description

technical field [0001] The invention relates to the technical field of the Internet, in particular to a circulation method of a binary system digital currency. Background technique [0002] Paper money: commonly known as "money", is no stranger to everyone today. There are many inconveniences and disadvantages in banknotes, for example: 1. The cost of anti-counterfeiting: the anti-counterfeiting of banknotes requires a lot of cost in printing, banknote inspection and other links. Second, the cost of transportation: armored vehicles, escorts, etc. 3. The cost of reissuance: perishable, damaged, damaged. Banknotes are perishable and damaged in circulation, and damaged or burned in storage. New coins need to be reissued regularly to recover old coins. 4. The price of precipitation: Chinese people love to save cash, especially in the vast rural areas. A large amount of money is stored in the home, causing part of the currency to be unable to participate in market circulation...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

Application Information

Patent Timeline
no application Login to view more
IPC IPC(8): G06Q20/36G06Q20/32
CPCG06Q20/325G06Q20/3678
Inventor 吕文华董宁宛海加
Owner 吕文华
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Try Eureka
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap