Why the birth of Bitcoin triggered a revolution in accounting?

[Louis Harper]

Bitcoin is the first accounting system that can provide absolute guarantees for the integrity of ledger data. Unlike double-entry bookkeeping, Bitcoin is able to do this because of its extremely low flexibility and the convenient third-party verification provided by the network.After understanding this, the emergence of Bitcoin gave us the opportunity to invest in proof of work. From an accounting point of view, Bitcoin's ability to provide absolute guarantees is unprecedented and has been underestimated by the market. In terms of accounting, Bitcoin will shine in global currencies.