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Web of Proceedings - Francis Academic Press

Discussion on the development prospect of digital currency based on blockchain technology

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DOI: 10.25236/iwass.2018.271

Author(s)

Zhang Liucheng, Mao Yuanqing

Corresponding Author

Zhang Liucheng

Abstract

In recent years, whether the development and application of blockchain technology will lead the "trend" in the future, whether it will affect human society is worthy of further study. At the same time, the emergence of digital currency based on blockchain technology has also led to the development of digital currency. The global application and prospects of digital currency in the future have been studied and discussed. This paper analyzes the current situation of digital currency (taking Ethereum as an example) and then analyzes the problems and influencing factors of digital currency, and proposes suggestions for problem solving and future development. Analyze the feasibility of digital currency issuance and how digital currency should be designed and distributed in China. At the same time, it combines Ethereum's smart contracts to intelligentize social life, from digital currency to smart contracts to smart assets.

Keywords

Blockchain, Digital Currency, Chinese Currency, Ethereum