How did those virtual currencies go up

The essence of money is the general equivalent. In the process of the continuous development and evolution of human history, it has gone through the stage of physical money, the stage of substitute money, and then entered the stage of credit money. In primitive society, people exchanged livestock, salt, shells and other hard to get goods as general equivalents

in the long history, the emergence of metal currency makes the economic life achieve unprecedented prosperity. However, e to the inconvenience of carrying metal money, paper money became the mainstream form of money. With the rapid development of modern information technology, e-money has come into our life

if the evolution process from physical money to value symbol paper money is the first qualitative leap in the history of money development, then the evolution process from paper money to electronic money is the second qualitative leap in the history of money development

from the perspective of money form, physical money itself is a commodity in addition to performing monetary functions; Paper money is a symbolic tool of value for commodity exchange and a credit currency; Electronic currency is the proct of highly developed Internet economy and continuous progress of bank payment and settlement technology. It not only has the function of traditional currency, but also can continuously improve digital currency

a huge virtual space based on the Internet has been formally formed. As a kind of virtual currency with intrinsic value, convenient online trading behavior, low transaction cost, and service providers' issuance, it emerges as the times require

first of all, from the functional analysis. Virtual currency is a kind of transaction medium in the Internet virtual space, which has the function of value scale, but the value scale of virtual currency is different from that of legal currency

using virtual currency to purchase virtual procts and services can only be within the scope specified and allowed by the issuer of virtual currency (Internet operator), and the size of this scope depends on the number of virtual procts and services. If the virtual procts and services provided by the website are large enough, the scope of virtual currency will be large

the currency value of virtual currency depends on the pricing of virtual currency by issuers. When no currency can communicate between virtual cyberspace and reality, the pricing of procts and services is still based on real RMB. That is to say, when issuers of virtual currency price their own virtual currency, they should first convert the price of virtual currency based on RMB

China has the largest number of blockchain patent applications in the world

China has a good foundation in the field of blockchain. With the support of the previous series of policies, blockchain technology and instry have developed rapidly, and began to integrate with all walks of life

in 2016, the State Council issued the 13th five year plan for national informatization, which listed blockchain technology as a strategic frontier technology. In June 2018, the Ministry of instry and information technology issued the instrial Internet development action plan (2018-2020) to encourage the application research and exploration of emerging frontier technologies such as blockchain in the instrial Internet

the number of patent applications for blockchain technology in China ranks the first in the world in recent years. According to the 2018 China e-banking survey report released by China financial certification authority (CFCA) at the end of last year, more than half of the existing patent applications related to blockchain in the world are from China. By the end of 2017, there were more than 1200 patent applications, surpassing the United States and becoming the first

at present, the top three Internet giants Alibaba, Tencent and network are trying to develop regional blockchain technology and related basic technology development, such as network super chain platform, ant blockchain baas platform, Tencent cloud tbaas blockchain service platform, etc

at present, in terms of global enterprises, the first and second echelons of blockchain technology competition have been formed. As of April 2019, Alibaba ranked first in the global blockchain patent ranking in the first half of 2019 with 290 blockchain patents. At the same time, by observing the enterprises of the first and second echelons, it is found that they are all from China. On the whole, China's Internet companies have accumulated profound technology in blockchain. China has a great technological competitive advantage in the field of blockchain

from January to April in 2019, the global blockchain patents ranked first Second tier statistics

{rrrrrrr}

data source: for more data sources and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by prospective instry research institute , At the same time, foresight Instrial Research Institute also provides solutions for instrial big data, instrial planning, instrial declaration, instrial park planning, and instrial investment promotion