Central bank: don't exaggerate or superstition the function of block chain.


Central bank: don't exaggerate or superstition the function of block chain.

New Beijing News on November 6, the central bank issued a working paper, "What can and can not be done in the block chain? "The paper points out that we should not exaggerate or superstition the function of block chain, and the application of block chain should be based on the actual situation.

This paper studies the function of block chain from the perspective of economics. Firstly, based on the economic explanation of block chain technology, this paper sums up the Token paradigm adopted by the mainstream block chain system, clarifies the two basic concepts of consensus and trust related to block chain, and combs the functions of intelligent contract. Secondly, according to the use of Token in block chain, the main application directions of block chain are sorted out. Then, the characteristics of Token, the influence of Token on block chain platform project, the governance function of block chain and the performance and security of block chain system are discussed. Finally, what can and can not be done by block chain is summarized and discussed. What can be done?


Waonews is a news media from China, with hundreds of translations, rolling updates China News, hoping to get the likes of foreign netizens