Sina Technology Beijing time on December 17 evening news, according to reports, the future of Bitcoin, no one knows. But a scholar has recently warned that as the most popular digital encrypted currency in the world, Bitcoin may fall out of the market in the near future. Cornell University International Trade Policy Senior Professor Espar Prasad has recently been said in an interview with the media: "Bitcoin itself may not last too long."
In the past few years, the price of Bitcoin fluctuated very much. Last month, a Bitecoin price fell less than $ 48,000 from $ 58,000.
Although there are only several digital encrypted currencies in the past, now there is hundreds of hundreds. Compared with Bitcoin, some of these digital encrypted currencies are more practical and more environmentally friendly.
The block chain is the underlying technology behind most encrypted currencies. It is essentially a digital book for virtual currency transactions, distributed on a global computer network.
Prasad said: "Bitcoin's use efficiency of the block chain technology is not very high." Prazae has "the future of currency: how the digital revolution changes the currency and finance" (The Future of Money: How The Digital Revine IS TRANSFORM CURRENCY AND FINANCE A book.
He explained that this digital encrypted currency "uses a verification mechanism for the transaction", and "flexibility is not very large". It is undeniable that the "carbon footprint" of Bitcoin is bigger than the entire New Zealand.
Prasad said that some newer digital encrypted currency uses block chain technology efficiency, far more than bitcoin.
He believes that block chain technology will fundamentally change financial operations, as well as our daily transactions, such as buying a house or buying a car.
Prasad said: "Given that Bitcoin does not have a kind of trading medium, I think that in addition to investor's belief will bring something, it will not have any basic value."
Prasad also said that digital encrypted currency has stimulated that central banks began to consider the issue of issues of issues of national statutory currency.
He said that such a digital currency (a statutory currency digital version) may be beneficial because they may provide a low cost payment option that everyone can get, thereby increasing financial inclusiveness, and possibly improving financial stability.
Prassad finally said: "Although you may not like Bitcoin, it does set off a revolution, and it will eventually benefit our owners directly or indirectly."