Since the late 1980s, in an increasingly stimulating international competitive environment, large mainstream international banks have consolidated their core businesses through targeted divestiture, outsourcing of non core businesses, and continuous expansion and mergers and acquisitions. Their business strategic positioning has changed from extensive all-round and diversified expansion to selective development of core businesses.
In the age of digital networks, payment systems have been transformed by the development of digital financial technology, with paper money gradually transforming into cashless payments, such as credit cards and third-party payments, which can be made with the swipe of a finger.
Cryptographers and innovators have been trying to come up with a secure, decentralized and viable digital currency. None succeeded until Satoshi Nakamoto released Bitcoin.
Burstcoin's mining method uses a POC (Pool of capacity), which takes up the hard disk space of the miner and stores the pre-generated "hash functions" in the hard disk.
Cryptocurrencies have emerged over time, and although they are not yet popular for everyday payments, they have become a new investment favorite in recent years, with even Tesla's founder Elon Musk endorsing them.
