Xu xingxing: bitcoin is not a "coin". The rule designer of blockchain is the center

On December 1, 2019, "hainan international offshore innovation and entrepreneurship demonstration zone construction and blockchain · digital asset trading technology innovation high-end forum" was held at intercontinental hotel in sanya city. The meeting by the science and technology department of hainan province, sanya, local financial supervision and administration of hainan province, jointly organized by the people's government, ministry of science and technology related departments, provincial leaders, sanya leadership, made relevant departments of the leadership, part of the members, the state-level think-tank experts and scholars, a well-known universities, research institutes famous experts and scholars both at home and abroad, the domestic and foreign well-known enterprises, senior professionals, at home and abroad well-known venture capital institutions, senior management personnel to attend the meeting, mutual discussion of hainan international offshore innovation entrepreneurship demonstration area construction policy requirements and construction paths, explore block chain and technical innovation, such as digital asset trading power construction of free trade port in hainan.

Xu xingxing, founder of oko group, delivered a speech on "the present and future of blockchain technology". He said blockchain digital transactions mainly overcome two challenges, one is information management, the other is to avoid duplication. Blockchain can ensure that the implementation is the same everywhere. In fact, decentralization is to remove intermediate links. Blockchain will reshape the business model of all industries.

First of all, xu explained the concept of block chain at the meeting. He said that block chain is a database technology, which is characterized by a point-to-point database. This database is stored on the basis of the modern Internet.

Xu then highlighted several important concepts in blockchain, including "bitcoin" and "decentralization". He believes that bitcoin is not a currency, no one takes bitcoins to pay, no one takes bitcoins to buy things, it is not a currency at all, it is a commodity. Decentralization does not mean that blockchain has no center. In fact, blockchain has a strong center, which is the designer of rules.

Finally, xu believes block chain can be a disruptive application. He said block chain can be applied in many fields, such as traceability and storage, and these applications will gradually and slowly be applied in the government, enterprises and every link of life in the coming years.

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect. & have spent & have spent   

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