International decentralized financial ecology
"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money
How to understand? In fact, it is very simple that money is the inevitable proct of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currencyWhat about bitcoin
blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of bitcoin network transaction information, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block
blockchain is unified in the whole network, so it is logically centralized. From the perspective of architecture, blockchain is based on peer-to-peer network, so it is decentralized. From the perspective of governance, blockchain makes it difficult for a few people to control the whole system through consensus algorithm, so it is decentralized.
A. indivials with asset management needs do not need to trust any intermediaries, and the new trust is rebuilt on the machine and code
B. everyone has access, no one has central control
C. all protocols are open source, so anyone can cooperate on the protocols to build new financial procts and accelerate financial innovation under the network effect
defi is a relatively broad concept, including currency issuance, currency transaction, loan, asset transaction, investment and financing, etc
we regard the birth of BTC and other cryptocurrencies as the first stage of decentralized finance. However, the decentralization of currency issuance and storage only provides a point-to-point settlement solution, which is not enough to support the rich financial business. The rapid development of decentralized lending agreements in the past two years will have the opportunity to further open the financial system of the blockchain world and bring decentralized finance into the second stage<
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almost every supporter of encryption start-ups has a trend, that is, to use the decentralized value of blockchain technology to sell their business fundamentals
in this paper, we will explain the differences between decentralized financial agreement business and traditional business:
we will mainly discuss two aspects:
1) what is the real meaning of defi
2) what are the types and main differences of defi platforms< Users of traditional financial systems often want to build a system that is easier to access, more transparent, lower transaction costs and less dependent on intermediaries. To build such a more equitable financial system, banks, loans and derivatives must undergo fundamental changes. In addition, a decentralized ecosystem, such as defi, is needed. It promotes P2P lending, eliminates centralized control, and provides users with financial freedom
recently, in the field of cryptocurrency, there are many discussions about defi. It provides financial services to the world: loans, derivatives and other procts. Moreover, the role of traditional financial intermediaries has weakened, or even failed to play a role. Proponents of a decentralized financial system see defi as a good alternative to traditional lending. Some have called it the future of borrowing
defi is built on public blockchains such as bitcoin network and Ethereum. It has become one of the "core drivers" on the Ethereum network. By using unlicensed distributed networks, the defi platform converts financial procts into untrusted protocols that can be accessed by anyone anywhere in the world. People who don't have an account in the bank can also use the defi solution to loan and borrow assets, as well as to trade with financial instruments
open source platforms provide users with great benefits, including transparency, cheap cross-border transactions, no credit checks and less censorship. Anyone can carry out financial activities because there is no geographical restriction<
the degree of decentralization of defi
in recent months, the introction of defi solutions has proliferated. They have different models and their degree of decentralization is also different. Compared with other models, some defi models have poor dispersion. This is because only a few of their components are decentralized, while the rest are still centrally controlled by the company
the establishment of agreement, non trust, price supply, determination of interest rate, provision of liquidity of margin call and start-up of margin call are the key components of defi agreement. They determine the degree of decentralization
if there are a large number of decentralized components, then the defi protocol is more decentralized than other models. Such a protocol will give users complete control over their digital assets and get rid of centralized control. So far, there is no single defi protocol that disperses all components
each defi protocol is assigned a category according to the number of distributed components:
centralized finance (cefi)
defi solutions are usually unmanaged, which means that users can control their funds and be responsible for their security. Instead, cefi is hosted. The central system is responsible for keeping the assets of users and ensuring the safety of users' funds
when it comes to loans or loans, users can't control any aspect of funds. The interest rate is determined by the central government, and the liquidity of margin call is provided by the central system or authorities. Cefi procts use centralized price supply, and it is also permitted to issue margin call. Thank you very much for your patience. If you have any help, please accept it. I wish you a happy life! thank you!
almost every supporter of encryption start-ups has a trend, that is, to use the decentralized value of blockchain technology to sell their business fundamentals
in this paper, we will explain the differences between decentralized financial agreement business and traditional business:
we will mainly discuss two aspects:
1) what is the real meaning of defi
2) what are the types and main differences of defi platforms< Users of traditional financial systems often want to build a system that is easier to access, more transparent, lower transaction costs and less dependent on intermediaries. To build such a more equitable financial system, banks, loans and derivatives must undergo fundamental changes. In addition, a decentralized ecosystem, such as defi, is needed. It promotes P2P lending, eliminates centralized control, and provides users with financial freedom
recently, in the field of cryptocurrency, there are many discussions about defi. It provides financial services to the world: loans, derivatives and other procts. Moreover, the role of traditional financial intermediaries has weakened, or even failed to play a role. Proponents of a decentralized financial system see defi as a good alternative to traditional lending. Some have called it the future of borrowing
defi is built on public blockchains such as bitcoin network and Ethereum. It has become one of the "core drivers" on the Ethereum network. By using unlicensed distributed networks, the defi platform converts financial procts into untrusted protocols that can be accessed by anyone anywhere in the world. People who don't have an account in the bank can also use the defi solution to loan and borrow assets, as well as to trade with financial instruments
open source platforms provide users with great benefits, including transparency, cheap cross-border transactions, no credit checks and less censorship. Anyone can carry out financial activities because there is no geographical restriction<
the degree of decentralization of defi
in recent months, the introction of defi solutions has proliferated. They have different models and their degree of decentralization is also different. Compared with other models, some defi models have poor dispersion. This is because only a few of their components are decentralized, while the rest are still centrally controlled by the company
the establishment of agreement, non trust, price supply, determination of interest rate, provision of liquidity of margin call and start-up of margin call are the key components of defi agreement. They determine the degree of decentralization
if there are a large number of decentralized components, then the defi protocol is more decentralized than other models. Such a protocol will give users complete control over their digital assets and get rid of centralized control. So far, there is no single defi protocol that disperses all components
each defi protocol is assigned a category according to the number of distributed components:
centralized finance (cefi)
defi solutions are usually unmanaged, which means that users can control their funds and be responsible for their security. Instead, cefi is hosted. The central system is responsible for keeping the assets of users and ensuring the safety of users' funds
when it comes to loans or loans, users can't control any aspect of funds. The interest rate is determined by the central government, and the liquidity of margin call is provided by the central system or authorities. Cefi procts use centralized price supply, and it is also permitted to issue margin call.
With the rapid development of human society, many people find that decentralization is a trend and also represents a new proction relationship. This is a new kind of proction relationship that is suitable for the business or business logic based on the highly developed and market-oriented human society and economy, equality and mutual trust. Since the decentralized trust mechanism blockchain has been established, many intermediaries will also face upgrading and innovation. For example, "Wall Street", a traditional medium which is essentially a financial intermediary, may soon develop into a new model
decentralization has changed more than one financial instry. In the consensus of China's excellent Internet company "Xunlei", science and technology is developing from centralization to decentralization. They are proud that their first P2SP download technology is a kind of decentralized technology. At that time, blockchain was not widely recognized. Xunlei believes that decentralized technology has many advantages. Its solution is light weight and low cost; It respects privacy and doesn't have an intermediate database to know everything; It accords with the development of society; It is a measure of environmental protection and sharing. In 2014, Xunlei made up its mind to do decentralized cloud computing, also known as shared computing, which is to distribute the computing needs to thousands of households and use the idle resources of users
such an attempt has got a very good market response, because the marginal cost of shared computing is lower than that of cloud computing, which can more effectively solve the social contradiction between the shortage of social computing resources and the high cost of computing, and rece the operating costs of enterprises, including Xiaomi, Aiqi and Xiongmao live broadcasting, which have become the customers of thunderbolt shared computing. In fact, the demand for computing in the current society is growing explosively. Whether it is artificial intelligence, big data, 4K, VR, the demand for network is higher and higher, the speed of computing is higher and higher, and the demand for speed is higher and higher. If you want to solve all the needs, you need to prepare sufficient computing resources. The player reward scheme is born to solve this problem
the significance of the player reward program is that in the shared computing ecosystem, Xunlei has joined the blockchain technology to share the bandwidth with the players through the cloud intelligent hardware Users of idle resources such as storage and computing power will issue the digital asset chain gram (original gamer coin) based on blockchain technology. Users participate in this plan for free, and they also voluntarily contribute idle computing resources to the society. Users actively contribute idle resources, Xunlei payment chain rewards users, Xunlei then packages and sells resources to enterprises, and a supply chain based on shared computing is completed. In this process, decentralized blockchain technology plays an important role
of course, complete decentralization lacks supervision, and there is a certain risk of being used. Therefore, the blockchain chosen by chaink is "alliance chain", not a completely decentralized public chain like bitcoin and Ethereum. Therefore, Xunlei still has the right of supervision. In order to rece and avoid the occurrence of malicious events of accounting nodes, and to ensure that users' transactions enter the block as soon as possible, Xunlei is more cautious in selecting accounting nodes. In the initial stage, Xunlei will choose its own servers with good network connectivity and stability, as well as its partners' servers with good network connectivity and stability, After the performance and security of the next generation of gamer cloud hardware are further improved, the gamer cloud node distributed in the user's family will be selected as the accounting node and constantly changed. At the same time, Xunlei united government actively cracked down on speculation, announced the firm no ICO, cracked down on third-party transactions, adopted the real name system, unlimited pre-sale activities and other means to resolutely curb the risk of speculation, so as to ensure the stability and sustainability of the player cloud and chain ecology
with the emergence of blockchain applications such as chaink, we can see that decentralized technology can make the instry no longer become so extreme, and all kinds of opportunities will burst out because of the introction of new mechanisms, which is of positive significance to the instry and the whole society
performance
there are still some problems and deficiencies in the theory and practice of financial ecology, mainly as follows:
① the concept and connotation of financial ecology are not well understood. The concept of financial ecology lost the direction of financial ecology theory and the accuracy of financial ecology practice, which made the macro sector unable to start and the micro sector at a loss< (2) the basic principles of financial ecology are unclear. Many people use financial ecology, financial environment, financial mechanism and financial laws in combination, which leads to unclear objectives and channels of financial ecology, and it is easy to become a hodgepodge
③ the working mechanism and mode of protecting the financial ecology are unclear, and there is no standard for evaluating the state of the financial ecology, which makes the basis for specific research and investigation unclear< (4) e to the lack of knowledge and understanding of the scientific and forward-looking nature of financial ecology, many people do not know enough about the significance of the theory and practice of financial ecology, and some even think it is a kind of hype and catching up with the trend. This paper analyzes these four aspects in order to promote the development and unification of financial ecological theory
research
financial ecology is a bionic concept, and it is difficult to find similar terms in economic dictionaries. In China, Dr. Zhou Xiaochuan (2004) first extended the concept of ecology to the field of finance, and emphasized the use of ecological methods to study financial development. Shanghai Securities News exclusively launched the core content of the general report "China's urban financial ecological environment assessment" - the analysis framework of urban financial ecology
generally speaking, ecological environment is mainly a biological concept, which refers to the whole composed of various ecosystems composed of biological communities and abiotic natural factors, and has indirect, potential and long-term impact on human survival and development
according to this expression, the ecology of general things includes the sum of various relationships within and between systems, and is a dynamic and systematic organic chain. If we regard finance as a subsystem of social economic system, then financial ecology is an ecological chain composed of financial subsystem and other related systems, which is closely related to the sustainable development of financial instry
just as the survival and development of any creature in nature are determined by its own conditions and external environment, financial institutions, as a member of the social and economic system, on the one hand, the realization of its survival and sustainable development depends on its own system construction and management level