■ Earn billions with a few hundred thousand won, the cryptocurrency craze that rivals the lottery!!! In Tokyo, Japan, Mr. Kajima (pseudonym), who repeats thousands of transactions from 8 AM to 1 AM, has been investing in cryptocurrency since he started three years ago and has since made billions. He quit his job and is now devoting all his energy to cryptocurrency trading. Cryptocurrencies are a worldwide craze, and Korea is no exception. With college student clubs studying cryptocurrencies formed, students are already making huge investment profits through cryptocurrency analysis. Cryptocurrencies, which surpass the daily stock trading volume, have already grown into a huge entity. Japan, where cryptocurrencies are used as a means of payment in over 25,000 stores, has recognized cryptocurrencies as a legal means of payment. We closely covered the growing cryptocurrency markets in Korea and Japan from Myungkyunmanri. ■ Cryptocurrency and Blockchain, Between Ideals and Realities Cryptocurrency began in 2008 with a paper by an anonymous person named Satoshi Nakamoto. The US subprime mortgage crisis caused a crisis in the global financial market. However, the financial companies that were the main culprits of this crisis filled their own pockets, and people were angry. Bitcoin, one of the cryptocurrencies, started as a huge experiment that advocated de-government and de-banking for the purpose of individual-to-individual transactions. In 2010, the price of one Bitcoin was 4 won, and the first transaction was the purchase of two pizzas for 10,000 won. However, the price of this Bitcoin skyrocketed to 1 million won early last year, and its value rose to 25.8 million won in January of this year. Blockchain, the underlying technology of Bitcoin. Blockchain is called a ‘network of trust’ because it is difficult to forge or alter, has low fees, and has no risk of hacking. We will explore the problems and solutions that are emerging between ideals and reality in the innovative ideas of cryptocurrency and blockchain. ■ Blockchain, a future technology that will change the world The World Economic Forum has designated blockchain as one of the '21 technologies that will change society'. Starting in 2023, five years from now, governments around the world will collect taxes using blockchain, and there are even projections that 10% of the world's GDP will be stored in blockchain by 2027. China, which has banned virtual currency, is also paying attention to the development of blockchain technology. Blockchain, which has emerged as a future technology that will change the world, is leading to new attempts in various industries. In Japan, voting was conducted using blockchain to exercise shareholders' voting rights, and in the United States, a system was created that directly connects drivers and users without fees. Korea, an IT powerhouse with greater potential than any other country in the blockchain industry, will discuss ways for it to leap forward as a new driving force for economic growth with the 300-member Future Participation Group at Myungkyunmanri. ※ This video is [Myungkyunmanri - Cryptocurrency and Blockchain, Bubble or Revolution] that aired on March 23, 2018. #virtual currency #bitcoin #stock