The era of digital economy has come, and digital assets will become the core assets

BitCentury Exchange
Nov 6 · 4 min read

So far, the economic development of human society can be divided into three stages: agricultural economic era, industrial economic era, and digital economic era.

Agricultural economic times, from the early scattered hunting and gathering, to large-scale domestication of plants and animals, the four seasons, day and night, basically rely on natural law changes for production activities.

With the “big explosion of production”, the era of industrial economy is coming. From sucrose production in the Caribbean to cotton planting and processing in India, the demand for power in production has promoted the development of industry and mining.

In the early days of this era, personal power can basically solve the problem of capital. With the large-scale development of industry and mining industry, personal capital is difficult to meet people’s investment needs, so the system of central bank and commercial bank is born.

With the rapid development of Internet, people gradually enter the era of digital economy. The digital economy has greatly reduced the social transaction cost, improved the efficiency of resource optimization and the added value of products, enterprises and industries, and promoted the rapid development of social productivity, making the human economic society enter a new stage of development.

With the development of blockchain technology, artificial intelligence and 5G technology, the era of digital economy 2.0 is about to start, which will bring a huge change, and even reconstruct the economic structure and governance model, giving birth to a new economic form.

In the era of digital economy 2.0, it is program (code) driven, which makes the default rate of the whole system can be reduced to almost zero, and can not exit at will.

For example, the point-to-point transaction and recording mechanism of blockchain technology will establish an Internet system of credit in the field of digital economy, and then build a value network. Digital assets will be truly mapped to the real world, specifically measured by token.

Digital assets are the new form of assets under the digital economy. In the industrial economic model, fixed assets such as plant, machinery and equipment and labor force are the most important two variables. Therefore, in the era of digital economy, digital assets will become the core of digital economy.

In the digital world, economic exchange activities gradually develop from the exchange between people to the exchange between people and machines, and between machines. Machines will have their own accounts, their own certificates of assets, and transactions between machines must be carried out point-to-point and automatically.

Moreover, the phenomenon of digital economic activities is more frequent, and the accounting time unit has reached the level of “second”, while the traditional financial system’s accounting time is “day”. All these changes provide infinite possibilities for the development of digital economy.

According to CoinmarKetcap data, the total market value of digital assets increased from about $85 billion in June 2017 to more than $81 billion in January 2018, with a growth rate of 852.94%!

With the rapid development of digital economy, the exchange, which is responsible for the circulation of digital assets, has become an important role in the era of digital economy.

It is very important for the stable development of digital economy to guarantee the safe and efficient circulation of digital assets.

BitCentury digital asset trading platform brings together the prophets of bitcoin developers from all over the world, and has a strong technology research and development team and operation team. Its core technology of high-frequency trading, with the ultimate processing speed of 1 million single / second, is a leading level in the industry.

As an encrypted asset trading platform to spread the value of blockchain, BitCentury hopes that people around the world can participate in the investment of digital assets fairly, and make digital assets become a new way of asset allocation.

With the continuous development of the digital economy, BitCentury will give full play to its own technical advantages and operational strength, provide a fair, transparent and secure trading environment for global digital asset investors, let the value of digital asset link, and let the blockchain technology application into daily life.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade