DC/EP finally comes out, the good show is still to be cut after the production cut
通证通
2020-05-11 08:07
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The central bank's DC/EP is trial running on the clients of Agricultural Bank of China and Bank of China. DC/EP is a legal digital certificate issued by the central bank and supported by national credit. It is a digital form of national legal currenc

As of May 5, 2020, the total market value of global digital tokens was US$255.072 billion, an increase of US$67.24 billion or 35.8% compared to the beginning of the period. The average daily turnover in April was US$133.8 billion, a decrease of US$17.3 billion or 11.4% from the previous month.

On April 16, 2020, the central bank's DC/EP was put into trial operation on the clients of Agricultural Bank of China and Bank of China. Suzhou Xiangcheng District will first carry out the DC/EP pilot project, and the transportation subsidies for some civil servants will be issued in the form of transportation subsidies. DC/EP is a legal digital certificate issued by the central bank and supported by national credit. It is a digital form of national legal currency. The issuance of the central bank's DC/EP can improve the efficiency of monetary policy, promote the internationalization of RMB, and defend the country's digital financial sovereignty.

This month, the 20 BICS secondary industry indexes compiled by Tongtongtong rose across the board. Among them, the supply chain industry index rose by 96.9%, and the project service industry index reached 57.9%. The T10 and T10X indexes only rose 34.8% and 34.9%, lagging behind BTC and most industry indexes.

In April, the BTC difficulty and average daily computing power increased significantly, approaching the previous high. The seven-day average computing power reached about 119.4EH/s. However, considering the excess computing power of other PoW tokens, miners’ income will be greatly reduced after production reduction, etc. Factors, BTC computing power may reach saturation in the short term. The average number of BTC active addresses has increased to 775,000, the highest in the past three months. The 90-day average NVT ratio of BTC is about 72.9, indicating that the fundamentals of BTC have continued to improve recently.

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