Bitcoin has increased by 7.54 million times in 8 years. Is it a scam or the general trend?

As a new virtual currency, the value of Bitcoin has increased by 7.54 million times in eight years. It's really incredible. But it can't be simply defined as a scam. The emergence of any new thing has its rationality.

Behind the rise of Bitcoin is blockchain technology. Therefore, it cannot be said that Bitcoin is the general trend. Blockchain technology is the trend of the future. Bitcoin is just an application of blockchain technology.

However, at present, blockchain technology has not reached the point of complete popularization. It will take some time to perfect. In addition to bitcoin, the virtual currency in the blockchain scene also includes titanium.

Simply put, the general meaning of blockchain technology is distributed accounting. That is, you modify the data in one place and the whole network updates synchronously, so he solves a problem that the data cannot be copied. It can be understood as the materialization or fingerprinting of data.

What attributes does this ultimately bring? It is scarcity and transactional. Bitcoin is such a currency, its total number is fixed, more and more people recognize it, and it actually becomes a currency. It can be understood as gold or diamonds. It can be very valuable or not. I can exchange your goods, whether bought or dug geographically.

The decentralization and low cost of blockchain attract more people to participate in business exchanges. By means of data encryption, the cost of commercial transactions will be greatly reduced and the world will eventually be changed. But the way of change is unpredictable at present. Plus the previous country's one-size-fits-all approach to bitcoin transactions.

This makes people less and less clear about his future. This is like the 8848 period in the e-commerce era. Really in the Taobao era, it will really open a new era.