As I said earlier. In view of the nature and characteristics of value, Bitcoin is essentially a way value expresses. Bitcoin is building an Internet of value. Now,
I will expand the scope of value to the entire crypto world and talk about how value is transferred through blockchain.
As I mentioned, the existing blockchain network is composed of data, which can be infinitely divided and transmitted, creating a foundation for value transmission. Personally, in the encrypted world, token is the vehicle in that transmission. If a blockchain project does not have a token, then I can safely say that it has lost the carrier, the soul of the encrypted world, of value.
In the crypto world, token is one of the key factors that motivate the operation of various blockchain projects. The contribution of each sector in the encrypted world is confirmed in the form of token. Tokens, the same or not, can be exchanged and transferred between different protocols. Varied exchanges make the liquidity of token, and finally realize the transfer of value between various subjects, thus forming a huge value network.
Simply put, in facade, token refers to the tokens issued by an assortment of blockchain projects at present.
By issuing token, the project party sells part of its equity to investors or giving it to potential users. People owning the token can enjoy some equity of the project. Then the project party designs a series of mining and airdrop mechanisms, on the basis of the overall economic model, to stimulate all stakeholders to participate in the construction of the project, to build a complete ecosystem.
In the process of constructing this economy, token is a carrier that captures and bears value. In DeFi projects, a frequent expression is "capture value", which means the agreement will capture all kinds of incomes, that is, value. The owner of these incomes is the holder of the token in the project. Token has become the main body of value capturing and carrying in that value is allocated according to the amount of token. When a token transaction occurs, the value is transferred correspondingly.
Now I hope you can understand the role of Bitcoin more clearly. The Bitcoin network captures a large amount of energy through mining, which is stored in Bitcoin. Whoever owns Bitcoin owns the value stored in the Bitcoin network.
Bitcoin is a huge treasure, worthy of our lifetime to explore.