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What impact will the blockchain have on the currency?
On today's Internet, one of the most frequently heard words is blockchain. Blockchain technology has now become a major slogan of the Internet. Many Internet giants have begun to study the blockchain and are using it. The most famous product of blockchain is bitcoin. However, our country does not recognize the value of Bitcoin, which means that Bitcoin is completely worthless in our country, so what impact it has on the currency is different for the world. Blockchain products have a great influence on the world currency. Take Bitcoin as an example, it has skyrocketed many times in 2020, and the impact on the currency is also very great.

1. Blockchain has no influence on currency in China. Blockchain is a special operation mode. Bitcoin, the most famous product of blockchain, was developed by a Japanese. But our country does not recognize this piece, so it is worthless in our country. A worthless thing has no effect on our currency. Of course, if it is converted into foreign exchange and then into China currency, it will be even more, and China currency also has a certain influence.

Second, blockchain products have an impact on international currencies. Blockchain has an impact on international currencies such as the US dollar. Because the unit to measure the value of blockchain products is the US dollar, many lawless elements now require the use of blockchain products bitcoin for transactions. The actions of these lawless elements will have a certain impact on the dollar, leading to the depreciation of the dollar and the decline of its credibility.

Third, blockchain products will lead to changes in the value of money. Blockchain products will become increasingly scarce due to their particularity. The stock of blockchain products in the world is limited and it is very difficult to develop. Therefore, the value of blockchain products will continue to rise. Compared with blockchain products, the monetary unit that measures its value will continue to depreciate, which will eventually have an impact on the monetary value.