Bitcoin OKCoin: Digital technology may be Bitcoin's greatest contribution

According to the performance of the international market on June 25, the price of Bitcoin has recently shown a slight downward trend. According to the quotes of the Okcoin Bitcoin trading platform, Bitcoin fell from below $245 yesterday to around $238.

Despite a slight drop in price, Bitcoin has received some good news in terms of policy.

First, Canadian senators called for relaxing Bitcoin regulations, and then the media reported that a Bitcoin conference, Keynot 2015, would be held in Los Angeles in August. The theme of the conference would also focus on Bitcoin and blockchain, as well as the impact of these two innovations on the financial sector. Because based on past experience, Bitcoin price fluctuations are characterized by "rising at every conference."

The conference is organized by the team that holds the North American Bitcoin Conference. The team has held more than 3,500 previous FinTech events and has been covered by well-known international media such as Forbes, Wall Street Journal, Gizmodo, and Chicago Tribune. The representatives attending the conference are also leaders from different fields, including JPMorgan Chase, Paypal, Square, venture capital groups, electronic currency investors, and 500 financial executives. In addition, the Keynote2015 team is also seeking more sponsors. Some well-known companies in the Bitcoin community have sponsored the event, such as Blockchain.info, the Digital Currency Council, and the Chamber of Digital Currency Commerce. The website for conference participants has also started to purchase tickets, and participants can choose different packages.

Xu Mingxing, CEO of Okcoin Bitcoin trading platform, believes that the main reason why many well-known companies sponsor or participate in Bitcoin conferences is not only because they are optimistic about Bitcoin as an independent currency, but also because Bitcoin's electronic digital technology may bring disruptive changes to traditional finance.

For example, blockchain, which emerged from Bitcoin transactions, can change the centralized structure of modern finance. The Bitcoin blockchain can track the movement of all Bitcoins owned by each person, and when it moves from one party to another, it will be accompanied by new blocks added to the existing chain, hence the name blockchain. We can imagine the Bitcoin blockchain as a "value network" that allows currency transmission to flow as freely as data. Getting rid of credit card fees and foreign exchange fees worldwide is just the first step in its broader revolution. This value network will become a platform for many future innovations in the same way that email replaced letters. The uses of blockchain are wide-ranging, and it is only a matter of time before its killer application appears.