Web3.0 is an ecosystem and a new economic system. The economic system needs a currency to maintain the flow of value in its internal system, that is, its own cryptocurrency. I'm sure you will have heard of it more or less. The concept of blockchain must be very good. Why does it have to have a cryptocurrency? Because some people want to make money, and then they come up with something to let everyone speculate. In fact, the public blockchain is the public chain, which needs a token to maintain its good operation. Because we just said that the blockchain needs to operate independently, how can we encourage everyone to independently and jointly maintain the operation of this system? Then you need an incentive system inside, which is the cryptocurrency. The so-called cryptocurrency is actually a token in the blockchain system. For example, some currencies are actually miners packing information on the blockchain, which is to maintain the operation of the blockchain. After you pack, I will reward you with some coins.
Some people may mistakenly think that the blockchain is just like the Internet, it is a chain. Then everyone will do something in this chain. But in fact, everyone can build their own blockchain, even the code. Each blockchain will have a cryptocurrency, which will be used as a native token. For example, if you build your own blockchain and use more people and projects, more people will recognize it, more people will need your currency, and the price of the token will rise. So we found that the cryptocurrency is actually like a stock of the blockchain. The more people recognize this amount, the more valuable it is. But because cryptocurrency has the attribute of stock, it becomes an investment product. The price of investment goods depends on how much people believe in it, and how much you believe in it depends on whether you can tell a good story behind you. For example, as soon as you hear about some currencies, they don't need to be controlled by the central bank, so you can see that cryptocurrency is particularly good, and story telling is more suitable for everyone to hype, making full use of people's speculative psychology of getting something for nothing. This is also a big problem. However, it is undeniable that with the development of web3.0, this currency circle has the largest number of participants and the largest book wealth.
In this economy, for example, if you want to transfer money or trade stocks, you need an intermediary such as a bank exchange. That is the same in cryptocurrency. You can see that the market value of cryptocurrency has exceeded two trillion dollars, and the daily trading volume can reach hundreds of billions of dollars. In addition, there are more derivatives transactions, which has created the largest wind outlet in Circle B, that is, the trading platform. On the trading platform, the most important thing to do is currency security. Why are so many talents flocking to this track in succession for web3.0? Let's take the currency security as an example to understand how fierce this vent is. Zhao Changpeng, the founder and CEO of Jin'an, has always worked in the financial trading system. It was not until 2013 that he once played Depo with a friend and learned about Bitcoin. As soon as he heard it, he thought it was magical and was deeply fascinated. After general research, he firmly believes that this cryptocurrency will have great development in the future. This elder brother is really very courageous. After playing cards, he turned around and sold his house in Shanghai, buying some coins worth one million dollars at that time. In addition, he didn't just buy some coins, nor did he do the high-frequency trading system before. In 2014, he directly participated in the cause of cryptocurrency. After three years of wandering around Circle B, in 2017, we decided to go out on our own and set up Coin Safety. When Coin Security was not online, there were only twenty or thirty members in the team. He said that we should be among the top ten cryptocurrency trading platforms in the world within three years. In fact, just after its establishment in July, the number of registered users exceeded one million in December. The company has grown into a trading platform with the largest trading volume in the world less than eight months after its establishment.
Now the registered users have exceeded 120 million, and the daily trading volume of derivatives has reached 100 billion dollars. More than the second to fifth combined. Can you believe that the company that has just been established for a few months has become the global leader? Which track can have such a speed? At the beginning of this year, when Bitcoin was still booming, many media hyped that Zhao Changpeng was the richest Chinese in the world. However, I personally feel that Haha's status based on cryptocurrency is of little significance. So just listen. This is the end of today's sharing. A personal talk about the sharing of an old chive focusing on the digital field. If you have any comments, please forward them in the comments.
