What is Century Coin (Century Banknote)?
What is Century Coin? According to official sources, Century Coin is a blockchai
What is Century Coin? According to official sources, Century Coin is a blockchain-based digital currency project. Its value comes from its ability to exchange and trade with other tokens, such as the ERC20 protocol on Ethereum, stablecoins, and some cryptographic assets. Bitcoin, on the other hand, is created using Bitcoin as collateral, which reduces its price volatility. Due to its significant position in the network, it is considered a good investment choice. Furthermore, Bitcoin is controlled by an entity called “block” and can be used as a settlement method for various purposes (including payment), commodities, services, or even gold. It has become a tangible investment or speculative tool but not a real investment. Therefore, it does not belong to the asset types in an investment portfolio.
Century Banknote
According to the 21st Century Economic Report, the Digital Currency Research Institute of the Central Bank and Shanghai Jiaotong University jointly released the “14th Five-Year Plan for International Financial Technology Development,” proposing to establish a cross-border payment system. It mentions accelerating the development of the RMB-denominated trading and settlement system based on blockchain technology; introducing electronic invoices during the issuance phase and encouraging the use of technology from third-party deposition institutions for accounting verification and signing operations. In addition, it will gradually promote new business models supported by blockchain technology at the underlying level, such as real-time transmission, real-time querying, and tracing of bank accounts, wallets, and various types of information using the characteristics of alliance chains.
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