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Guanyin coin, digital currency can be considered as a virtual currency based on a network of nodes and digital encryption algorithms. The core characteristics of digital currency mainly reflect three aspects: (1) due to some open algorithms, digital currency has no issuer, so no person or institution can control its issuance; (2) Since the number of algorithmic solutions is determined, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the excessive issuance of virtual currency; (3) Since the transaction process requires the approval of each node in the network, the transaction process of digital currency is secure enough