HJW: A Golden Digital Ecosystem Is Forming
Permanent value transmission carrier
Since the ancient times, gold has always been the most ideal credit collateral. From the gold reserve credit guaranty of the country to the gold mortgage loan business provided by banks for individuals and institutions, gold is valuable not only because it is used for value exchange, but also because it is a credit system recognized by the human society. However, due to some problems arising from the physical property of gold, such as inconvenient transfer, complex appraisal procedure, storage risk and high custody cost, the application cost of gold is so high that it cannot be applied in ordinary social life.
The emergence of Bitcoin and its acceptance by the public offers people a possibility of another currency system: Digital currency. Witho...
