Traditional Culture Encyclopedia - Traditional culture - Is Bitcoin essentially the same as ordinary currency?

Is Bitcoin essentially the same as ordinary currency?

The answer is definitely different;

The first reason is that Bitcoin belongs to digital gold and is limited. Just like gold, there are reserves.

Second, no country in the world officially recognizes the nature of payment.

Third, different countries have different currencies. From the moment of its birth, the' decentralization' attribute of Bitcoin has been divorced from the national attribute and can be defined as a global attribute.

Outlook: digital currency must be the future for the following reasons:

1, quantifiable (the quantity can be divided)

2, durable (not easy to deteriorate)

3. Both parties to the transaction can be trusted (further trusted by all parties in the market).

4. It is difficult for both parties to make or obtain (so it is difficult to cheat).

Technically speaking, Bitcoin is a blockchain technology, and blockchain is the underlying system of distributed books in Bitcoin. Bitcoin's ledger is distributed and spontaneously established. Anyone can generate a new currency block by performing a specific cryptographic calculation, thus obtaining a digital "currency" that can be used for trading. The influence of bitcoin on the world monetary system can be said to be subversive, which is also an important reason why it has attracted a lot of people's strong attention since it came out.

Remember, blockchain is a concept that can be used in any scenario. Money is just a form of equivalent exchange. The significance of the existence of money is that everything can be measured by money and exchanged at equal value. Virtual currency is just a form of blockchain, and bitcoin is a form of virtual currency. There are a large number of scenarios suitable for blockchain technology in the fields of finance, government, enterprises and cross-industries, with broad prospects. At present, many countries in the world have begun to study blockchain technology, and a series of industry organizations and alliances have been established. However, because blockchain technology is a brand-new technology, which subverts the traditional centralized model, major institutions are still in the research stage, and there are few actual projects, and the great development of the industry has just begun.

The problem now is that bitcoin is recognized in the public eye because of' money laundering'. Where there is demand, there is innovation. How to trade without a safe is the demand of the current black market, and Bitcoin was born accordingly.

If bitcoin is decentralized, then the creator will create bitcoin. How awesome bitcoin is and how comprehensive God's perspective will be.