Jun 11, 2021 11:40 AM (GMT+8)
Zhou Xiaochuan, vice chairman of the Boao Forum for Asia, said at the 13th Lujiazui forum that cryptocurrency, from the original design idea, is still likely to become a useful tool to serve the real economy, such as playing a certain role in the field of payment. In the early stage, there are some deficiencies in the design of cryptocurrency, such as the number of transactions processed per second is not high enough, more network resources and processing capacity are occupied, decentralization emphasizes deregulation, etc. Some participants of cryptocurrency regard it as a means of making fast money, and they will turn cryptocurrency into digital assets. Now, some cryptocurrencies have lost the opportunity to return to the field of payment, which is not suitable.
This text is a result of machine translation.