In the past, when analyzing the successful model of digital currency, it was more believed that the technical attributes of blockchain decentralization and disintermediation played the core center, but careful analysis will find that in the digital currency business model, there are many A large number of intermediaries, exchanges, wallets, financial institutions, mining farms, etc. are undoubtedly intermediaries in the digital currency network. The digital currency production side is the blockchain network, and the consumer side is the user.
Without these intermediaries for value operations, the digital currency market would not be as prosperous as it is today.
Decentralization is a technical concept, while disintermediation is a business concept, and the two are often confused. Decentralization emphasizes the availability and partition fault tolerance of the system, and individuals participating in the job title email list computing network have the ability to independently control and make decisions without interference from other individuals.
Disintermediation, on the other hand, emphasizes the flattening of the business model and the symmetry of information, and the buyers and sellers of commercial transactions directly realize transactions without the participation of third-party intermediaries.
In blockchain fundamentalism, disintermediation is the ultimate goal pursued by network builders, but whether Bitcoin or Ethereum, it is precisely these intermediaries that really make the network prosperous. The original intention of Satoshi Nakamoto is Establish a "point-to-point electronic currency payment system", but in essence, currency transactions require the cooperation of multiple intermediaries such as wallets and exchanges, and the more complex transactions are, the more intermediaries are required.