Research On The Nature, Function And Development Trend Of Digital Signature Currency

In November 2008,Sakamoto proposed the concept of Bitcoin.In January 2009,the Bitcoin system began to operate,and Satoshi Nakamoto constructed the first blockchain,and the first 50 bitcoins came out.After that,digital signature currencies such as Litecoin,Ethereum,Ripple,Dotcoin,and USDT have appeared.According to statistics,there are currently more than 1,600 digital signature currencies in the world.The advent of digital signature currency and its rapid development have attracted great attention from all walks of life.There is a lot of debate about how to look at the digital signature currency.These debates centered on issues such as Bitcoin's attributes,functions,market characteristics,Initial Coin Offering,comparison of private digital currencies and legal digital currencies,and regulatory policies.This article is guided by Marx's monetary theory,and absorbs the relevant monetary theory in Western economics to analyze the nature,function and development trend of digital signature currency.The author believes that these issues are fundamental to understanding the digital signature currency.Only by grasping these basic problems can we grasp the positioning of the digital signature money market and its development direction,and then put forward corresponding policy recommendations for China's digital signature money market to promote the healthy development of the digital signature currency market.This article first analyzes the nature of digital signature currency such as Bitcoin.This issue is the primary in understanding digital signature currency.Secondly,this article analyzes the functions of digital signature currency.The digital signature currency assumes three functions: commodity,currency,and capital.Under market economy conditions,digitally signed currencies assume the functions of commodities and currencies.Once the currency is converted into capital,the digitally signed currency is converted into digitally signed capital,which in turn assumes the function of capital.This article analyzes the three functions undertaken by the digital signature currency in turn.On this basis,this article analyzes the assumption of non-stateization of monetary functions.Thirdly,this article analyzes the future development trend of digital signature currency and digital signature capital generated on this basis.Finally,this article puts forward corresponding policy recommendations for the development of China's digitalsignature money market.