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A. In addition to digital currencies, what other applications have been implemented for blockchain

Anti-counterfeiting such as Wanacoin and VeChain final products such as imported milk powder, luxury goods: red wine, The source and process of monitoring frozen food in bags and cold storage cannot be cheated or regretted because it is written into the blockchain. Modifications are being implemented or have been implemented (VeChain’s partners are very powerful)

Smart contracts or intellectual property rights For example, if you publish a song on the blockchain, you own the song and use smart contracts to sell and protect property rights such as NEO and Ethereum. Game development or program development: such as electronic cats (CryptoKitties). Freely breed and trade cats of different colors regardless of age or rarity (the closer the age is to 0, the more expensive it is)

An evolved version of the ICO IPO, the initial public offering of coins in 2017 Having raised US$40 billion, any company or individual developing coins to support its development of electronic currency securities is expected to have a preliminary platform (Polymath) in a few months

Free trading of game items is being developed

B. In addition to Bitcoin, what are the other applications of blockchain?

Bitcoin is digital currency version 1.0, and Ethereum is digital currency 2.0. Smart contracts are added to Bitcoin, so Ethereum is a digital currency and the ‘Android system’ in the blockchain. Many currencies and applications are built on Ethereum!

C. Is blockchain digital currency legal?

Blockchain can now be said to have entered the orbit, and investing in digital currency seems to have become a trend that cannot be ignored in the investment market. Although There are high risks hidden in it, but there are also huge benefits. Now many people are investing in digital currencies. So is digital currency legal?

1. Digital currencies are definitely illegal in China. Although there is no explicit prohibition on buying and selling digital currencies, all domestic exchanges have been shut down or have withdrawn from China.

2. In China, it is mainly aimed at digital currency ICO and institutions and individuals that use the concepts of blockchain and digital currency to raise funds and pyramid schemes.

3. In other words, before the world reaches a consensus on digital currency, the main domestic crackdowns are on ICOs and some people or groups that use blockchain and digital currencies to conduct illegal and illegal transactions.

Blockchain currency is not illegal if it generates value within a limited range, but it is illegal if it is circulated within a limited scope. That’s all for the content about “Is blockchain digital currency legal?” I hope to shed some light on it. You guys helped.

D. Does blockchain have a future?

Blockchain is divided into currency circle and chain circle. Currency circle is based on investment and mainly issues and trades virtual currency. Chain The circle focuses on technology development and its application within corporate units.

The vast majority of people come here to speculate in currencies. The golden age of currency speculation probably started in 2011.At the end of 2018, the current prices of valuable currencies have been speculated to too high. The risks of currency speculation are greater than the benefits. However, even if the risks are high, they are within the tolerable range.

Perhaps in the near future through blockchain technology, a globally recognized digital currency will appear in the global market, which can conduct global circulation transactions, etc. Therefore, I want to analyze and predict blocks. The future of chain technology requires a multi-faceted understanding of the categories of technologies and services.

E. The relationship between digital currency and blockchain

1. Blockchain and digital currency complement each other and are inseparable. Blockchain is one of the means of digital currency circulation.
2. Blockchain is the theoretical basis of digital currency. Digital currency is established on the basis of blockchain technology. Blockchain has certain guarantees for the security of digital currency. At the same time, digital currency is a block chain. The most successful application of chain technology.
Extended information: 1. Digital currency is an unregulated, digital currency, usually issued and managed by developers, and accepted and used by members of specific virtual communities. The European Banking Authority defines virtual currency as: a digital representation of value that is not issued by a central bank or authority and is not linked to a legal currency, but which, because it is accepted by the public, can be used as a means of payment or can be transferred, stored or traded electronically. .
2. Digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency mainly reflect three aspects: ① Because it comes from certain open algorithms, digital currency has no issuing entity, so no person or institution can control its issuance; ② Since the number of algorithm solutions is determined, the digital currency The total amount of currency is fixed, which fundamentally eliminates the possibility of inflation caused by 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 safe enough.
3. The blockchain shared value system was first imitated by many cryptocurrencies, and improvements were made in proof of work and algorithms, such as the use of proof of equity and SCrypt algorithms. Subsequently, the blockchain ecosystem continued to evolve around the world, with the emergence of initial coin offerings (ICO); the smart contract blockchain Ethereum; the asset tokenization sharing economy with “light ownership, heavy usage rights”; and blockchain countries. People are using this shared value system to develop decentralized computer programs in all walks of life and build decentralized autonomous organizations and decentralized autonomous communities around the world.

F. Does blockchain have other uses without tokens?

Pure blockchain technology can also be applied in non-financial fields. Here are a few Examples of blockchain technology applications:

Cross-center sharing of provident fund blacklists
Ant Financial Blockchain teamed up with CEFC to create a "joint breach of trust punishment and deposit certificate cloud platform", Hainan The province is the first to use the platform to realize the cross-center and cross-regional sharing of provident fund blacklists and deposit certificates;

Business service blockchain platform
The platform uses blockchain technologyThe technology has launched an "all-weather, zero-face-to-face, one-click service" service model. Applicants can apply for a business license through the "blockchain + AI" platform, which takes only one and a half hours;

JD Logistics Create a blockchain traceability platform to make beef and mutton traceable with one click.

There are many areas where blockchain technology can be applied, and it does not necessarily have to be related to digital currency. Crypto Finance focuses on blockchain information.

G. Does blockchain have development prospects in the future?

A series of large companies such as Tencent and Alibaba are all trying to share and seize the blockchain cake. Do you think it has development prospects? Of course there is! Below are the top ten predictions of the China Academy of Information and Communications Technology on the global blockchain. I hope it will be helpful to you! !

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From the current market media information, we can see that blockchain information has occupied the major media landscape. It is not an exaggeration to say that it is in the center of the storm. The appropriate metaphor is that it is in the center of the storm.

Why does the blockchain become so popular all of a sudden? Let’s talk about the currency circle. For example, a mainstream currency actually appeared a few years ago, but because the single value direction is not recognized by people, it is not It is worth entering the public eye. After several years of skyrocketing, it seems that some potential human nature has suddenly been activated. It is similar to buying a house. Everyone cannot understand it. It is tempting, explodes, and then activates greedy human nature. Then the information exploded all at once. Seeking knowledge is what everyone wants to know about how coins are produced and how coins are created. So this is how the term blockchain was discovered.

Back to the topic, there is a difference between the currency circle and the blockchain. The currency is just an extension of the blockchain, and the blockchain is the underlying development structure of the currency. Blockchain uses code architecture to build a data distribution architecture similar to a spider web. The information in each link is a storage node, which is different from the previous centralized information storage centers. If you want to modify one of the links, other storage information nodes do not allow it, and you cannot modify the underlying information. This kind of storage center Optimized information distribution is theoretically safer and has better information flow. Just like a house, the framework determines the layout of the house and the comfort of lighting. The principle of building the code architecture is also critical. The specific architecture of the blockchain There is currently not much reference information to what extent the utilization value can be achieved, but large companies have begun to make plans. Judging from the current popularity of the currency circle, the financial attribute field of blockchain is more attractive than other fields. .

FutureThe development prospects of blockchain are certain. If you want to understand the prospects of the blockchain field, you still need to have a deeper understanding of what the big guys in the blockchain field are currently doing. For example, what are some investment tycoons doing with the blockchain? Yes, the direction they are taking has set a benchmark for the development of this field to a certain extent.

I still advise that there are risks in certain coins, so do it and cherish it.

The prospects are great

Blockchain is called the next generation of disruptive core technology, and some scholars believe it will redefine the world. Our government also supports blockchain technology. All its codes are transparent and each personal information is stored on a separate chain. Compared with the current leakage of personal information, the emergence of blockchain will effectively solve this problem. Question, secondly, there are many other applications of blockchain, private messages that need to be understood!

The current public misunderstanding about blockchain is mainly due to the state’s jurisdiction over digital currencies. The emergence of digital currencies has greatly threatened legal tender. The state has no control over this uncontrollable currency. Supported! However, if digital currency can be effectively popularized in the future, this decentralized currency will be even better than legal currency in terms of security and cost.

Based on the above personal opinions, if you are interested in blockchain and digital currency, please feel free to discuss in private!

Judging from the current situation, it is relatively simple for major Internet companies to test blockchain application functions and is still in its infancy. The real potential application space of blockchain (finance, government affairs, medical care, etc.) is still huge, and it will take time to slowly explore it. In the short term, it does not yet have the conditions for large-scale implementation. However, recently, major Internet companies have frequently deployed blockchain technology, which has played a positive role in cultivating and promoting blockchain in my country's market. Especially in the A-share market, it has attracted strong attention from investors. China Merchants Securities believes that through the conduct of major Internet companies, the audience of blockchain will gradually expand from niche players to the general public.

The current trend is good.

1. Distributed ledgers improve social efficiency.

2. Certain industries can reduce the need for intermediaries.

3. The development of storage and computing performance may bring more industry opportunities.

Bitcoin can solve these problems, and Bitcoin is BSV.

To be honest, the prospects are very good! If you want to talk about digital currencies like Bitcoin, I think the prospects are not great now. Firstly, it is because mining is very difficult now, and it is basically difficult for individual users to mine it, but because the volatility is too high and the water level is too high. Deep down, investment is basically about losing more and making less. The money that can be made is miners and exchanges.

But blockchain is different. Blockchain is a technical and knowledge-based thing. It can be applied to many aspects, such as shopping transactions, transportation and logistics, finance, and insurance.It can be applied in many aspects. Not many banks are now cooperating with Internet companies to develop blockchain.

Therefore, blockchain should have good application prospects in the future, mainly because the technology itself has many advantages and has a wide range of applications.

Blockchain definitely has development scenarios! Blockchain technology can be applied in many fields, including finance, insurance, and shopping transactions. And due to the advantages of the blockchain itself, decentralization, asymmetric encryption, etc. are a good way to solve the current trust problems in people's production and life. The future prospects of digital currency may not be great, but I think blockchain has huge room for development.

Qianzhan believes that China’s blockchain market will maintain rapid growth, with a compound annual growth rate of 73% in market size from 2021 to 2026. The market size in 2026 will reach US$16.368 billion, and in the next 20 years , China’s blockchain industry market size is expected to reach the trillion level.

China’s blockchain industry market is developing rapidly

From 2017 to 2020, large IT Internet companies have deployed blockchain, start-ups have entered a blowout mode, and the industry scale has continued to expand. According to IDC According to the data, China's blockchain industry has experienced changes from a market size of US$85 million in 2017 to an industry scale of US$561 million in 2020.

In terms of the number of enterprises, in 2020H1, my country provided blockchain professional technical support, products, solutions and other services, and the number of new blockchain enterprises with input or output reached 303, a year-on-year increase of 274.07 %.

China’s blockchain patents account for a large proportion of the world, and the industrial aggregation effect is beginning to show.

From the perspective of the global competition landscape, my country’s competitive advantages in the blockchain industry are relatively obvious. Judging from the number of patents, according to data from the "Global Enterprise Blockchain Invention Patent Ranking in the First Half of 2020" released by the world's authoritative third-party intellectual property agency IPRdaily and the incoPat Innovation Index Research Center, the top 100 companies mainly come from 14 countries and regions. , China accounts for 46%, followed by the United States accounting for 25%.

As an important carrier for the development of blockchain industrial clusters, local governments are accelerating the construction of blockchain industrial parks. Judging from the location distribution of industrial parks, there are a large number of blockchain industrial parks in cities such as Beijing, Shanghai, Hangzhou, Guangzhou, Chongqing, Qingdao, and Changsha, forming a Bohai Rim agglomeration effect dominated by Beijing and Shandong, with Zhejiang and Shanghai , the agglomeration effect of the Yangtze River Delta dominated by Jiangsu, the agglomeration effect of the Pearl River Delta dominated by Guangdong, and the agglomeration effect of Hunan, Guizhou, and Chongqing dominated by Chongqing and Hunan. In the future, China's blockchain industry is expected to accelerate development relying on the aggregation effect.

The blockchain financial field is the most widely used

my country’s blockchain industry shouldThe applications are mainly distributed in finance, supply chain, traceability and hardware, accounting for nearly 65%. According to the "Blockchain Blue Book: China Blockchain Development Report (2019)", there are nearly 28,000 blockchain companies in the country. Among them, about 1,000 blockchain companies have been put into production, accounting for only 3.6%. They are mainly concentrated in developed eastern regions such as Beijing, Shanghai, Guangdong, and Zhejiang.

The market capacity of the blockchain industry is expected to reach trillions in the future

Blockchain technology is a key direction for China’s new generation of independent innovation breakthroughs in information technology, and contains huge space for innovation. In the fields of chips, big data, cloud computing and other fields, innovation activities are becoming increasingly active, and innovation elements are constantly accumulating. The application of blockchain technology in various industries continues to deepen, which will give rise to a large number of new technologies, new products, new applications, and new models.

China focuses on accelerating the transformation of its economic development model, pays more attention to the improvement of economic quality and people's living standards, and uses new generation information technology, including blockchain technology, to transform and upgrade traditional industries and enhance the competitiveness of traditional industries. Develop quality and efficiency, and improve the level of smart social management, public services and home life.

The huge market demand in the future will bring rare development opportunities and broad development space to blockchain technology. Researchers compiled and analyzed that China’s blockchain market will maintain rapid growth, with a compound annual growth rate of 73% in market size from 2021 to 2026. The market size in 2026 will reach US$16.368 billion, and in the next 20 years, China’s blockchain market will The industry market size is expected to reach the trillion level.

—— For more data, please refer to the "China Blockchain Industry Market Prospects and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute

At present, the country also strongly supports the development of blockchain Technology is expected to be applied in various fields, so now some large companies, such as Tencent, Alibaba, NetEase, and the Internet are involved. It is still in the development stage, and we can look forward to the future

Blockchain Economy It cannot be simply understood as various virtual currencies. The essence of blockchain is to solve the problem of authenticity, confidentiality and non-tampering of information. (Everyone participating is a recorder of information, and everyone is just a part of the entire information chain. Ring) It more effectively solves the problems of privacy and integrity, so its application scenarios and prospects are broad and promising. (But it should not become a paradise for scammers)

H. What about the digital currency in the blockchain project? I want to develop one

Blockchain is the latest computer technology, and its core is to Centralized, distributed accounting. Digital currency emerges based on the underlying technology of blockchain. It can be said that without blockchain, there would be no digital currency. However, without digital currency, there may still be blockchain, but blockchain will be so popular, and digital currency It's just inseparable.

In the future, digital currencies will continue to develop. We can take advantage of the early stages to enter digital currencies and stock up on some useful ones.Value digital currency, such as Xunlei’s Wanke Coin.

But at the same time, digital currency has an unavoidable problem, which is the lack of real economic support. Currently, only a small part of the more than 1,000 digital currencies circulating on the market rely on the economic support of miners. In other words, a digital currency may be worth ten thousand yuan one second, and it may not be worth a penny the next second.

Therefore, before investing in digital currency, all investors must investigate, do a good analysis, and choose carefully to avoid causing losses to themselves.

I. In addition to being used in virtual currencies, what other aspects can blockchain technology be used in?

In addition to being used in virtual currencies, blockchain technology can also be used in the financial field and digital currency. , securities trading, fund management, customer credit reporting and anti-fraud, digital points, etc. The usage rate of blockchain in our country is still relatively high at present. Perhaps what we have heard the most before is that it is used in virtual currency.

In summary, in today’s society, blockchain technology has provided us with a wide range of help, and we must make good use of this Technology, use it in various related industries to make our industry develop faster and ensure the interests of our people.

J. What is the relationship between blockchain and digital currency

Blockchain refers to a chain connected by a series of data blocks (i.e. blocks). The connection method is : The N+1th block contains the hash value of the Nth block. Moreover, such a chain of data blocks is simultaneously stored and maintained by a widely distributed and huge number of server nodes. Each server node has a complete copy of the blockchain. Digital currency is another form of existence and circulation of legal currency. Compared with the banknotes and coins currently in circulation, digital currency exists in a digital way. The legal existence of digital currency is legal and is based on blockchain technology. Blockchain is the underlying technology for digital currency issuance. This is also the most direct relationship between the two. They can exist independently of each other. The content of this article comes from: China Law Press "Financial Code of the People's Republic of China: Application Edition"