The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

Perhaps everyone thought at the time that blockchain technology was born only for bitcoin, and that bitcoin is just a virtual number, like air, like a tulip bubble, worthless and technical. But now it seems that blockchain technology has been popular among people and became a hotspot in 2019.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

At that time, he built the networking structure and data structure of Bitcoin. I just didn't know if he had thought that this thing turned out to be money, and gradually changed the way we pay and the application scenarios of various industries.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

Blockchain value can be used in the fields of banking and finance, payment, securities, credit, rights management, Internet of Things, etc., because blockchain technology is cryptography, distributed consensus, processing performance, scalability, system security, The data application has the characteristics of storage system and integration.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

Now, blockchain 1.0 has also been upgraded to blockchain 3.0, and blockchain technology has gradually promoted large-scale collaboration in science, health, education and other fields. For example: automated procurement, intelligent IoT applications, supply chain automation management, virtual asset exchange, transfer.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

As a frontier and emerging technology, blockchain, as a representative of decentralized trust, is skillfully combined with distributed books, encryption algorithms, consensus mechanisms, smart contracts, etc., and geeks are crazy about it. Business people see application value in various industries, such as contractual contracts, financial services, charity, and the Internet of Things, while speculators use it as a profit tool.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

Interestingly, in 2019, the big names of Chinese Internet companies began to change their mindsets. The attitude towards the blockchain has changed a lot. For example, Zhou Hongyi thought that the blockchain was only needed for bitcoin, but now he feels It is recommended to use blockchain technology for network security services; Lei Jun hopes to strengthen the application of blockchain technology in the medical field; Dong Mingzhu believes that blockchain technology is impacting people's thinking, and not only the blockchain needs to be changed. The concept should be to use the blockchain in a down-to-earth manner; Zhang Jin hopes to use blockchain technology to link financial institutions, core enterprises, third-party logistics companies and other entities to form online links and build a blockchain supply chain financial platform. Most people in this year just want to mention the blockchain, they will be interested to know about it, and hope that the future can be combined with a specific scene.

The blockchain just needs BTC? Understand the history of blockchain development and finally understand its value

"If you don't believe me, or don't understand, I don't have time to convince you, sorry." Maybe you don't believe in the role of blockchain technology today, but in the next decade, maybe it will become like the Internet today. The new technological revolution, when the blockchain empowers the real economy, falls to the real demand scene, is no longer a castle in the air, no longer a passive water, but is actually doing business and making life better. (The internet)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Viewpoint: After halving, the Bitcoin network security model may need to be adjusted

One of the key features of cryptocurrencies such as Bitcoin based on blockchain is its immutability. Although Bitcoin...

Market

Secret: Three key factors driving Bitcoin's continued rise in the next five years

As Bitcoin matures, we expect it to become a global digital gold and reserve asset. ” Last week, Adamant Capit...

Market

Cryptocurrency Traders Go Down in Flames: $150 Million Liquidated in 24 Hours!

On Monday, BTC experienced a significant surge to $31,000, causing a sharp increase in other cryptocurrency prices as...

Market

Bitcoin hash rate hit another record high!

On July 7, according to data from Blockchain.com, the bitcoin (BTC) hash rate hit a record high of 72.5708EH/s. Bitco...

Blockchain

Bitcoin mining output halving effect hypothesis: every bitcoin that can be bought for every dollar will decrease in four years

There is still 5 months to halve Bitcoin. Is there a causal relationship between the halving and the bull market? His...

Blockchain

2019 semi-annual resumption: extreme night, warm spring, midsummer and the most beautiful expectation

This article Source: APP shallot Author: Yu Wen handsome, Hu Chen In just half a year, even the obvious seasonal chan...