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Encrypted digital currency and blockchain technology bring us technological innovation?
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Blockchain is likely to become a common technology in global financial markets, further driving the openness and globalization of financial markets, and digital assets based on blockchain technology are also expected to change the existing global asset landscape.

Today's encrypted digital currency and blockchain technology has long been the hottest topic on the Internet and an innovative technological revolution. People love innovation and technology because it brings us more wealth and changes the survival of the Internet and all walks of life. the way.

In 2009, the world's first encrypted digital currency, Bitcoin, was born. The encrypted digital currency has the characteristics of decentralization and consensus initiative participation mechanism.

What we usually call encrypted digital assets basically refers to encrypted digital currencies such as bitcoin. Of course, after Bitcoin, there have been many encrypted digital currencies using blockchain technology, and blockchain technology has been applied to ensure that the interests and security of consumers are fully guaranteed.

Blockchain technology is derived from Bitcoin. Its essence is to use computer algorithms and cryptography to create a decentralized digital currency system that enables currency distribution and trading functions.

The total market value of the encrypted digital currency market is huge

On October 31, 2017, bitcoin prices continued to rise sharply. After breaking through the $5,000 and $6,000 mark, the price of Bitcoin has reached about $6,165, and the total value has exceeded $100 billion. This is a landmark node, and this is largely due to the strong rise of the Asian bitcoin market in recent months, which means that Bitcoin has accounted for more than half of the total size of the digital cryptocurrency market.

The development prospect of blockchain technology

Blockchain technology has a wide application space in the fields of transfer and payment, pan-financial business, and credit information. It can also be combined with innovative technologies such as cloud computing, Internet of Things, and big data. It is a disruptive technology.

The number of investment-creating enterprises in China in the field of blockchain technology is also growing steadily. The well-known companies include Alibaba, Wanda, Ping An, Jingdong, Tencent, China Post, Baidu and so on. This has also enabled China to successfully replace the United States as the country with the largest number of new blockchain companies in the world.

The development prospects of encrypted digital currency

After passing the law to regulate the digital currency including Bitcoin, the Japanese government implemented relevant policies to recognize the position of Bitcoin as a means of payment in Japan. Subsequently, major countries have also begun to discuss the future prospects of developing encrypted digital currency.

Today, the global market value of encrypted digital currencies has exceeded the $100 billion milestone, breaking the previous record. The market for encrypted digital currencies is continuing to be insane, and major companies and investors are beginning to be optimistic about the market for encrypted digital currencies.

Blockchain and encrypted digital currency require regulatory intervention

Since the second half of 2015, regulators have intervened in the mutual gold industry, “restricting” Internet finance to the micro-investment field, and controlling the potential risks of new finance within a reasonable range. Internet finance has slowed down the pace of rushing with traditional finance and accelerated the investment and exploration of financial technology. For blockchain and encrypted digital currency, while requiring regulatory intervention, it is also necessary to encourage and support, and promote cooperation and integration between new technologies and old formats.

The emergence of encrypted digital currency has accelerated the ability of technological innovation and as an invention of blockchain technology. Explain that in other areas, information-related and credit-related industries can use blockchain technology to bring new types of products to them.

Blockchain is likely to become a common technology in global financial markets, further driving the openness and globalization of financial markets, and digital assets based on blockchain technology are also expected to change the existing global asset landscape.

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Yes, Blockchain technology have lots of potential to solve our real life problems. it is a baby now and wide adoption from big organization still awaited. Blockchain innovation still under progress to implement it under different sector like Finance, Social Networking, data integration and data management.

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