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杭州新财经区块链创始人是谁,杭州新财经区块链创始人简介

发布时间:2023-12-06-13:20:00 来源:网络 区块链知识 区块   杭州   创始人

杭州新财经区块链创始人是谁,杭州新财经区块链创始人简介

杭州新财经区块链创始人是著名的区块链技术专家、知名投资人、著名社交媒体营销专家、数字货币投资策略顾问林立群先生。

1. 林立群:林立群先生,杭州新财经区块链创始人,出生于中国江苏,毕业于中国财经大学,获得硕士学位。他是一位著名的区块链技术专家,拥有多年的区块链技术研究经验,曾参与多个区块链项目研发,深入研究区块链技术应用。他曾任职于多家区块链公司,并参与多个区块链项目的投资,拥有丰富的投资经验。此外,他还是一位知名的投资人,拥有多年的投资经验,投资过多个成功的区块链项目。他还是一位著名的社交媒体营销专家,拥有多年的社交媒体营销经验,曾参与多个成功的社交媒体营销项目。此外,他还是一位数字货币投资策略顾问,拥有多年的数字货币投资经验,曾参与多个成功的数字货币投资项目。

2. 区块链技术:区块链技术是一种分布式数据库技术,它利用密码学原理和分布式账本技术来存储和管理数据,以解决传统数据库技术存在的安全性、可靠性和可信度问题。区块链技术在金融领域的应用最为广泛,它可以极大地提高金融机构的效率,提升金融机构的安全性和可信度,并且可以极大地降低金融机构的成本。此外,区块链技术还可以用于其他行业,比如政府、医疗、法律、教育等。

3. 区块链应用:区块链技术的应用越来越广泛,它可以用于金融、政府、医疗、法律、教育等各个领域。例如,在金融领域,可以利用区块链技术来构建分布式账本,提高金融机构的效率,提升金融机构的安全性和可信度,并且可以极大地降低金融机构的成本。在政府领域,可以利用区块链技术来构建政府数据库,改善政府管理效率,提升政府管理的可信度,并且可以极大地降低政府管理的成本。在医疗领域,可以利用区块链技术来构建医疗数据库,改善医疗服务效率,提升医疗服务的可信度,并且可以极大地降低医疗服务的成本。

总之,林立群先生是杭州新财经区块链创始人,他是一位著名的区块链技术专家、投资人、社交媒体营销专家和数字货币投资策略顾问,拥有丰富的经验。他的研究和投资为区块链技术的应用提供了巨大的支持,为金融、政府、医疗、法律、教育等领域的发展做出了重要贡献。


请查看相关英文文档

⑴ Blockchain platform, which one is good?

First of all, you must choose based on your needs. You must also pay attention to the team’s strength and effectiveness. Understand the Bakerchain blockchain Well done. You can consult first.

⑵ Blockchain is coming, how will it change the world

Traditional centralized institutions occupy most of social resources, and they are collectors of market information. and monopolists and profit from it. Blockchain will make all this a thing of the past, and the future will be an era of information sharing.
The book "Blockchain: A New Economic Blueprint and Introduction" (New Star Publishing House, January 2016 edition) written by Melanie Swann, founder of the Blockchain Science Institute, points out that the role of blockchain in Trust plays the same role as the Internet plays in information. Like the early Internet, blockchain has the potential to revolutionize everything. Blockchain is the source of power for the fourth generation industrial revolution. Melanie also constructively proposed that blockchain can be used to automatically track all digital behaviors and create a decentralized digital information library to verify identities, thereby achieving lower cost and more efficient provision of information traditionally provided by the national level. Possibility of service.
At present, international giants such as Microsoft, Tencent, Wanda, Goldman Sachs, JPMorgan Chase, and Dell are already testing blockchain projects, and small and micro enterprises such as European Crowdfunding have become the first to try it.

⑶ Why does the legendary blockchain founder Satoshi Nakamoto always want to remain anonymous

The Bitcoin white paper was first published at the end of 2008, when the creator sent it to the encryption mailing list of multiple recipients. Strangely, its creator pretended to be Satoshi Nakamoto, hiding behind a pseudonym.


Another reason for Nakamoto’s anonymity could be explained by the fact that creators of alternative currencies could easily put themselves at risk .

In 1998, Hawaii resident Bernard von Nohaus created a private currency called the Liberty Dollar. It had been popular for some time, but its minting was suddenly raided by the FBI and Secret Service in 2007. Following a 2009 criminal prosecution, the money was confiscated and Bernard von Neuhaus was convicted of "manufacturing private coins that competed with the official currency of the United States."

In addition, in 2007, a digital currency called e-gold was accused of being illegal because it did not collect enough customer information. Its owner was sentenced to house arrest and the company was shut down. Government agencies’ arrests of entrepreneurs over alternative currencies may have been a factor in China’s decision to remain anonymous.

Bitcoin is available to everyone. This means it can be used to pay for legal and illegal services, as well as legal tenders. However, it has been a popular payment method on darknet markets. Notorious Dark Web Market Maker and Operator Ross Ulbricht FailedJailed for facilitating the trade of drugs and other contraband.

Ross Ulbricht appealed to the U.S. Supreme Court in December 2017 but remains in prison. It can be inferred that Nakamoto could face a similar fate if he reveals his true identity.

Who could he be?

In 2016, Australian programmer Craig Wright claimed to be Chinese. He presented some evidence, but later found that it was not conclusive since it was publicly available from books. He is also accused of falsifying announcements and blog posts to show his authentic Chinese version. For example, Ethereum founder Vitalik Buterin recently called Craig White a liar.

The other is Hal Finney. He is a famous cypherpunk and cryptographer. He was also the first person to receive Bitcoin from Japan in 2009. He was also the first person to download the Bitcoin client. However, before his death in 2014, Hal Feeney refuted claims that he was Chinese.

Some believe that Nick Szabo, a famous cryptographer, may have been Nakamoto. Before the launch of Bitcoin, he designed the architecture of a distributed digital currency, which he called Bitcoin. Although the architecture has never been moved, it is similar to Bitcoin's design. This has led to widespread speculation. But he repeatedly denied it.

While Nakamoto’s true identity may never be revealed, importantly, the operation of the technology will not be affected.

⑷ What is Binance

Binance, a blockchain trading platform, is a comprehensive blockchain ecosystem. Its founder, Changpeng Zhao, aims to become The basic builder of the blockchain world, promotes the development of the blockchain industry and realizes the free circulation of value. It operates the blockchain asset trading platform Binance. Binance trading platform is a trading platform focusing on blockchain assets created by a group of digital asset enthusiasts led by Changpeng Zhao (CZ). Provide users with more secure and convenient blockchain asset exchange services, aggregate global high-quality blockchain assets, and strive to create a world-class blockchain asset trading platform. At present, a large number of Binance users come from many countries at home and abroad. Binance's core team and investment advisory team are also composed of experts from many countries around the world, and the team strength ranks among the top levels in the industry. In March 2021, the blockchain trading platform Binance was investigated by the United States. On March 11 of the same year, Binance’s official Weibo account was blocked. What do you think of Binance Smart Chain? Binance Smart Chain BSC. BSC can be seen as a blockchain parallel to Binance Chain. At present, it mainly serves the Binance DeFi ecosystem and also completes Binance's dual public chain model. BSC has certain innovations in the consensus algorithm. The PoSA (Proof of Stake Authority) consensus algorithm it adopts combines Delegated Proof of Stake (DPoS) and authority.The function of the proof (PoA) mechanism is established on a network of 21 verification nodes. The second-level block generation time can establish a high-speed infrastructure for the DeFi protocol. After the launch of Binance Smart Chain, Binance opened innovative versions for some defi projects on BSC, and opened BinancePool and BinanceLanchpad for XVS and ALPHA, Binance’s key projects, which illustrates Binance’s resource tilt towards the Binance Smart Chain. The term “smart” in BSC is reflected in the functions related to smart contracts: BSC supports smart contract writing functions and is compatible with the existing Ethereum Virtual Machine (EVM) and all applications and tools under its ecosystem. , developers can easily migrate and deploy Ethereum DApps, saving development effort. Finally, as a parallel chain that can interact with BC, BSC natively supports cross-chain communication and transactions.

⑸ How many times will adx group’s abey increase in value

adx group leads the world in a new direction in sales. abey solves the problem that blockchain cannot be used commercially. The founder of abey and The founder of eth became a cooperative foundation,

⑹ Where is Zhao Changpeng from?

Hello, I am Canadian now
Zhao Changpeng (1977), was born in Lianyungang, Jiangsu, as a teenager Immigrated to Canada and is currently CEO of Binance and CEO of Bijie Technology. He has been selected into the Forbes rankings many times.
He once served as the technical director of Bloomberg, and later founded Fuxin Information Technology Co., Ltd., and also joined OKCoin as a co-founder. In 2017, he founded Binance.com and led the company to quickly enter the forefront of the industry.
On November 30, 2021, Changpeng Zhao became the richest man in China with a net worth of US$90 billion, and ranked among the top ten richest people in the world.
Extended information: 1: Zhao Changpeng’s honor record
1. In February 2018, Forbes released the first rich list in the field of digital currency. Chris Larson, the founder of Ripple, ranked first with a wealth of US$7.5-8 billion; Changpeng Zhao, the founder of Qian'an, ranked third, with a net worth of US$1.1-2 billion. He is the only Chinese in the top ten. And appears on the cover of this issue of Forbes magazine.
2. On October 25, 2018, Zhao Changpeng ranked 216th on the 2018 Forbes China 400 Richest List with 9.59 billion yuan.
3.On November 13, 2018, Changpeng Zhao was selected into the 2018 Hurun Blockchain Rich List, ranking third with a wealth of 15 billion yuan.
4. In October 2019, Zhao Changpeng ranked 195th on the 2019 Lexus Hurun Rich List with a net worth of 18 billion yuan.
In 2019, Changpeng Zhao ranked 1,818th on the Forbes Global Billionaires list with a wealth of US$1.2 billion.
In March 2021, Zhao Changpeng ranked 336th on the 2021 Hurun Global Rich List with a wealth of 52 billion yuan.Bit.
On April 6, 2021, Changpeng Zhao ranked 1,664th on the Forbes Global Billionaires list with a wealth of US$1.9 billion.
5. On November 30, 2021, Caijing published on Weibo that China’s richest man had changed his boss. Zhao Changpeng is worth US$90 billion, surpassing Zhong Fuxin, the first chairman of Nongnong Spring, and becoming one of the top ten richest people in the world.
Two: Zhao Changpeng’s personal experience
1. Zhao Changpeng, CEO of Qian’an and CEO of Bijie Technology, was the technical director of Bloomberg; later, he founded Fuxin Information Technology Co., Ltd. He was not only the founder, but also the President of China.
2. Zhao Changpeng also joined okcoin as a co-founder and served as CTO, managing okcoin’s technical team and responsible for okcoin’s international market team, quickly establishing okcoin’s international influence.

⑺ [Hall of Fame] Founder of Blockchain Pencil (ChainB) - Prince Baozou Gong

Gong Ming, also known as "Prince Baozou Gong", ICO AGE (former He is the founder of China’s largest ICO platform) and Blockchain Pencil (the largest Chinese blockchain media). Since 2012, he has been committed to promoting the development of digital currency and blockchain industries. He has translated and written a large number of relevant materials and blockchain white papers, and participated in "Blockchain Society", "Blockchain - New Economic Blueprint", "Digital Currency" and many other works.



Prince Gong of Baozou·Weibo ID

Speaking of Prince Gong of Baozou, people outside the blockchain circle may be unfamiliar, but This title is extraordinary within the circle.

The first time I met Prince Baozou Gong was at the Gravity Zone event in Chengdu. Many blockchain “believers” came for Baozou Gong that day.

Initially, Prince Baozou Gong was just a Weibo ID.

Initial research on digital currency

Just after he was released from prison in 2010, he plunged into the field of digital currency research. With a salary of 1,200 yuan, he silently predicted The trend of digital currency.

In 2012, the transfer payment method was still very traditional. The cumbersome procedures and extremely inefficient transfer process often made Baozou miserable. “After reading the information on Bitcoin at the time, I felt that this could be solved. My past doubts."

Different from most laymen, Bao Bao, a mathematics major, has not only done program development for more than ten years, but also has experience in finance, so he quickly digested the Bitcoin currency and even the logic of blockchain technology. When he transferred the Bitcoins from his wallet to a friend for the first time, Baozhua was particularly excited. "Transferring money is so convenient. It feels like sending an email for the first time. This is the future!"

Bitcoin has opened the door to a new world for the wild, so he is very happy to do some popular science work. "At that time, there were more technical discussions abroad, and I really wanted to spread these things back to China."

Translation & Book Writing

At that time, he translated a large amount of foreign information and reports about Bitcoin on Weibo.

He has translated and written a large number of relevant materials and blockchain white papers, and participated in many publications such as "Blockchain Society", "Blockchain - New Economic Blueprint", and "Digital Currency". book.

Gradually, everyone became accustomed to calling Gong Ming "Prince Baozou Gong", and "Prince Baozou Gong" has become an influential figure in the blockchain circle.

Blockchain Pencil (ChainB)

Prince Gong translated many articles on blockchain technology, and later created blockchain media: Blockchain Pencil. “I always believe that technology is the most important, so the Blockchain Pencil only introduces technology and tells you what is truly valuable. As for the quality of blockchain applications, we will give you various overseas materials for reference. ”

Blockchain Pencil (website domain name ChainB.com) is an authoritative new media that provides the latest and most comprehensive information reports on the global blockchain industry.

The website publishes authoritative, comprehensive and professional blockchain information in real time 24 hours a day, 7 hours a day, including blockchain-related industry trends, company news, events and conferences, etc. The content covers the block chain Chain companies, related venture capital opportunities, digital currency and digital asset-related news and other news.

Participate in the EOS super node election

At an event, Prince Gong Baozou mainly introduced two blockchain projects in which he participated: the decentralized exchange CYBEX and blockchain incubator LongHash.

He said that EOS.CYBEX will develop the first test chain of EOS and provide EOS developers with a complete testing environment and tools for free. Its LongHash incubator can provide free support to outstanding EOS developers around the world. At the same time, taking this opportunity, Baozou officially announced its participation in the EOS super node election.

Why did you choose to work on CYBEX and LongHash? Baozang also has its own considerations: “What we hope to do is a platform that can provide everyone with complete basic services. The biggest starting point for doing these projects is to hope that the industry will be healthy. Development."

With the participation of candidates such as Laomao, Coin Capital, and Gravity Zone, the competition for EOS super nodes is becoming increasingly fierce. Baozou believes in BM's technical strength, which is why he has been paying attention to BTS The importance of developmentThe main reason is that what CYBEX wants to do on EOS is similar to BitShares.

For these reasons, it is expected that Baozou issued "CYBEX will bring together its deep development experience, market operation experience and rich industry resources to empower the EOS community."

⑻ Blockchain can be defined


On March 12, 2018, the Hangzhou Municipal Science and Technology Commission, Hangzhou Financial Work Office, Xiaoshan District People’s Government, and The second All Things Growth Conference co-sponsored by Hangzhou Daily Newspaper Group and hosted by Hangzhou Venture Capital Association and Hangzhou Bank was held in the press conference hall of Hangzhou International Expo Center. Babbitt and Bytom founder Chang Chai gave a speech on "The Future Can Be Predicted, Blockchain Can Be Defined" keynote speech.
The following is the content of the speech:
Good morning everyone, I am very happy to be invited to do such a sharing. The theme I shared is "The future can be predicted and blockchain can be defined."
I used to be a science fiction writer and wrote some science fiction novels in college. At that time, science fiction was still a very niche group and very few people read science fiction novels. Later, I had a post that is now very popular. In 2011, a college student asked on Zhihu: If you have 6,000 yuan for investment and financial management, what advice do you have? The advice I gave him at that time was to buy Bitcoin. . Now it seems that this is a piece of advice worth 20 million. Of course, it is a sad story because the subject did not buy Bitcoin in the end. It is also a sad story for me, because many people in the novel I wrote I haven’t read it, but this advice is often mentioned. In recent years, people have been sending me private messages asking me which coins to buy. However, I am not an expert in investment and financial management. Our company is engaged in blockchain.
Babit established the website in 2011 and established the company in 2014, so we may be the first batch of blockchain companies in China. On what basis do we judge that blockchain technology may be popularized or survive in the future?
This would like to mention a science fiction novel I once wrote in college called "The Art of Slaying Dragons". This computer-themed novel was written in 2007. It tells the story of hackers who can use huge amounts of computing resources on the Internet in the cloud era to complete some very grand scientific computing projects. After this novel was published at the time, it was criticized by many readers. They think this novel seems unreal and doubt that hackers' abilities are beyond ordinary people's imagination.
But now it seems that this novel is not an exaggeration at all. Why? Because in the cloud era, the abilities between people will be disproportionately amplified. In reality, the abilities between people may be a kind of The normal distribution is just like a person's height and weight, but on the Internet, people's ability and influence will be disproportionately amplified. It is a combination of the Matthew effect + the long tail effect.
The core ideas of this novel are two points. The first point is that cloud computing will amplify people’s abilities.The improvement of power will amplify people's abilities. The second is that calculation is power. So when a new thing like Bitcoin comes out, it seems that the world written in my novel is becoming a reality. When Bitcoin was introduced to China from 2008 to 2010, many people had already heard of Bitcoin, but did not pay attention to it. In fact, to understand a thing like blockchain, some knowledge background is needed.
In addition, I would like to introduce a book, which is "Out of Control" written by Kevin Kelly. This book was written in the 1990s, but this book is very forward-looking and has a chapter that introduces the development of cryptocurrency. Pioneers, but these pioneers later became martyrs, what was the reason for their failure? In fact, blockchain needs to be based on three core technologies, and these three technologies are gradually maturing. The first technology is asymmetric encryption. In 1985, elliptic curve function encryption was already very mature, but unfortunately it was implemented in a centralized way. What are the risks of centralization? That is, when issuance If the currency company collapses or the founder is arrested, or the central server is attacked, it will cause the system to collapse, so it failed later. In 2000, someone began to introduce peer-to-peer technology into cryptocurrency for the first time, taking the lead in realizing distributed cryptocurrency. However, it also failed later. The reason is very simple, that is, there is no way to find a way to solve double payment (the same money is used). twice). It was not until 1997 that Adam Baker proposed proof of work. In 2004, Halfini expanded this technology into a reusable proof of work, so the 2008 Bitcoin white paper was successfully published.
And the carefully designed technical solutions in Bitcoin later seemed to be very advanced. For example, in 2014, Snowden revealed that elliptic curve function encryption is unsafe because the US National Security Agency has set up a backdoor in this encryption standard, giving the NSA an unknown method to weaken this curve. , at that time many people exclaimed that Bitcoin was dead and that the system might collapse, but later Satoshi Nakamoto did not use the encryption standard promulgated by the National Security Agency, but used a very rare curve.
To give another example, after hashing twice, a quantum computer cannot threaten the Bitcoin address and cannot decipher the Bitcoin private key from the address. What’s more interesting is that Satoshi Nakamoto also adopted a weird transaction method called a change mechanism. The change mechanism is that the remaining balance of each transaction is transferred to a new address. Now it seems that this is actually for the purpose of Prevent quantum computers, because the public key of a Bitcoin transaction will only be exposed on the blockchain during the transaction. You only need to transfer the remaining money to a new address during each transaction. In fact, you The public key will not be exposed on the blockchain.
So judging from so many details, it can be said that Satoshi Nakamoto is a bit like a person who is extremely careful, so many people think that he is not a person, but an organization.
I just mentioned why the proof-of-work mechanism was introduced to the blockchain and Bitcoin, and this cryptocurrency became successful.What? Because the workload proof mechanism is actually hash calculation, why is calculation so important to the blockchain? I can give a very easy-to-understand proof through such a table.
This table shows that the real world and the digital world are actually in a mirror relationship. The real world can also be called the atomic world. In the real world, things are randomly distributed and random. In the digital world, everything is generally Pseudo-random. In the real world, there are no two identical leaves. Everything on the Internet can be copied. In the real world, it is a normal distribution. In the digital world, it is a power law distribution. It is the Matthew effect + long tail effect. . In the real world, things are competitive resources, which are exclusive resources. For example, if I own a microphone or a glass of water, others cannot own it. All resources in the digital world are non-competitive resources. For example, I transfer a document to another person, but in fact, this document cannot be transferred like a book in reality, because this document may be saved infinitely in my computer or other storage media. A copy, so based on such a mirror relationship, we can ask the question, why is it so difficult to copy exactly the same thing in the real world? This question can be turned into whether you can create a perfect crystal in reality, you can create A perfect crystal can actually copy exactly the same thing, but the third law of thermodynamics tells us that if you want to create a perfect crystal, you need absolute zero, and you have to invest a huge amount of energy. In turn, through this symmetrical thinking, we can This raises the question that in the digital world, that is, on the Internet, it is very difficult to prevent something from being copied and to achieve such competitive resources. To achieve such a competitive resource, a huge amount of personnel consumption is required, which is computing. The more computing power invested, the higher the barrier against double spending, which is why computing matters.
So since the real world and the digital world have such a mirroring relationship, the blockchain can actually be understood as the reverse machine of the printing press. I like to use such a very vivid metaphor to define the blockchain as the printing press. Reverse process.
Why is the printing press so great? In fact, before the birth of the printing press, human knowledge and information were competitive resources. Whether it was the Bible or martial arts secrets, they were all competitive resources. But after the birth of the printing press, this knowledge and Information has become a non-competitive resource that can be copied on a large scale, or the marginal cost of copying is almost equal to 0, so there is the subsequent information revolution. With the Internet, the Internet is actually an enhanced version of the printing press. But the problem with the Internet is that it is difficult to transfer competitive resources in the digital world. This is also the reason why some cryptocurrency pioneers failed in the 1990s. Blockchain solves this problem. It is the first to realize competitive resources on the Internet. The first competitive resource is of course Bitcoin, which is the first domino to be erected. After the first card falls, we can imagine that the second and third cards will fall.Things with value attributes are actually very suitable for registration and circulation using blockchain, because the Internet is suitable for things with information attributes, so we say that the Internet is an information transmission protocol, and blockchain is a value transmission protocol. Resources with value attributes are actually very suitable to be combined with the blockchain.
So I don’t think the blockchain will replace the Internet. The blockchain itself is a parallel world of the Internet. It is to do some things that the Internet cannot do, so it may propose many business models. In my opinion, it is not It is unrealistic. For example, it combines things with information attributes and business scenarios with blockchain. In fact, I think it is not that appropriate, because scenarios with information attributes are suitable for the Internet, and only scenarios with value attributes are suitable for "blockchain." +".
Let’s further deepen the mirroring relationship between the Internet and blockchain. The carrier of the Internet is often software, and the carrier of blockchain is generally protocols. Software needs to apply for patents to establish its own patent barriers. On the contrary, with blockchain, most blockchain projects are open source, and you are very welcome to copy it. The code does not need to establish such patent barriers or moats. The main body of software development is usually a company, and the main body of blockchain development is often a community or foundation, which is a very loose organizational form. Software requires constant iterative upgrades, but iterative upgrades of protocols are very difficult, so they are generally very stable, because protocol upgrades require the approval of the entire network consensus, which is of course very, very difficult. That’s why there are so many Bitcoins. The software can be maintained and updated, and the protocol is that it cannot be shut down after it is started, and it runs 24 hours a day. Based on this kind of thinking, we can solve many doubts in our hearts. For example, in 10 years ago, many experts or big names in the investment community believed that although Bitcoin was a pioneer, it did not necessarily have the last laugh. How to prevent being defeated by latecomers? This is a typical Internet thinking. Internet thinking regards Bitcoin as a software. Through technological upgrades, latecomers may catch up, just like the browsers in the 1990s. Later, the early browsers were defeated by the newcomers. But in fact, Bitcoin cannot be regarded as a kind of software, but a protocol. The method of implementing this kind of blockchain is already a minimum feasible solution, and there is not much room for optimization.
Many people understand blockchain as the fifth paradigm revolution, because it is based on the summary of technological updates in the past few decades, which means that such a paradigm revolution, a leap-forward revolution, will be completed approximately every two years. The 1970s were mainframes, the 1980s were PCs, the 1990s were the Internet, the 2000s were the mobile Internet, and the blockchain was born in the 10s. The trend behind this is actually a trend of decentralization. Mainframes are in scientific research institutes or military institutions. PCs have entered families. The Internet has entered tens of millions of people. Mobile Internet has pervaded the world. In all aspects of life, blockchain has become more decentralized, and there is no longer even a central server. There is another detail here, that is, the time of the blockchain is calculated from January 1, 1970.Why does it have such a characteristic? In fact, it is because many programming languages ​​​​are derived from the Linux system, and Linux is derived from mainframes, so it has the imprint of such an era.
In fact, there is a deeper evolutionary law behind it, such as the three stages of asset evolution. The evolution of assets can be divided into three stages. The first stage is the confirmation of asset rights, which is the equityization of assets and the confirmation of asset rights. It can then be transferred as a whole, so it's kind of like the solid stage of the asset. The second stage is asset securitization. After securitization, the assets can be divided and transferred, and their liquidity is obviously stronger. It is a bit like the liquid stage of assets. The liquid stage also has its limitations. For example, the business requires a container. , this container is the platform for assets, and assets still cannot flow across platforms. Only after the assets are blockchainized, that is, after the assets are put on the chain, will they truly enter a gas phase, because everyone can manage assets through their own private keys, whether it is Equity, income rights, debts, intellectual property rights, etc., as long as they are assets with this value attribute, they are suitable for registration and circulation using the blockchain, so they are no longer limited by the platform, because everyone can complete it through their own wallet. The process of asset transfer does not require a centralized authority or a centralized trading place. More broadly, many people have summarized the stages of blockchain evolution. The first stage was in 2009 with Bitcoin as the Representing the stage of cryptocurrency to solve value transfer matters, it can be understood as the 1.0 of blockchain. In 2017, the era of issuing virtual assets through smart contracts emerged, represented by Ethereum, which can be understood as the 2.0 of blockchain. We believe that we will enter the third stage in 2020, using smart contracts to issue physical assets or help real assets to be put on the chain. The blockchain will eventually move away from the virtual to the real and serve the real economy. So Babbitt is doing the third stage, which is our prediction of the future development trend of the blockchain.

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