In the age of digital networks, payment systems have been transformed by the development of digital financial technology, with paper money gradually transforming into cashless payments, such as credit cards and third-party payments, which can be made with the swipe of a finger.
Bitcoin has the mathematical characteristics of money (durability, portability, interchangeability, scarcity, separability and identifiability), but it does not rely on physical characteristics (such as gold and silver) or the trust of the central authority (such as fiat currency).
Since it was introduced to the world in 2008, blockchain has become an increasingly popular buzzword among businesses across a wide range of industries.
Since its launch some ten years ago, blockchain technology has proven to be a great invention. Since then, it has driven several inventions that have had a lasting impact on humanity. Some notable examples are the Internet of Things (IoT) and smart contracts.
