What is the meaning of the name Zhu Zhengyang?

The meaning of the name Zhu Zhengyang is what? What is the meaning of the name Zhu Zhengyang?

In December 2017, Satoshi Nakamoto published an article titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” The article states, “Since 2009, blockchain technology has become China’s cutting-edge technology.” He believes that “blockchain is a new application of the internet.” However, the term “Bitcoin” is not a new concept. “Digital currency” is a completely new and revolutionary application model and value scale. It provides a new transaction system and incentive mechanism based on its decentralized characteristics, which achieves efficient and low-cost settlement transactions. This not only makes the financial industry more democratic, transparent, reliable, and secure, but also makes the payment network more suitable for mass adoption, thus realizing the true era of inclusive technology. (Sina Finance)

What does Zhu Zheng mean?

Edit note: This article is from “Understandable Blockchain” (ID: hellobtc), author: a tree, authorized repost by Odaily Planet Daily.

In the currency circle, “Zhu Zheng” means “backwards push.” He has his logical system and philosophy, and Zhu Zheng’s words can be understood as accusations towards a project party. “If you don’t do it as originally intended, it’s using my reputation to cause trouble.” Since last year, “reverse” has become a popular term. So what is the meaning of “reverse push”? It’s actually very simple: “In short, it refers to the technology truly created behind digital currencies represented by Bitcoin, or the financial innovations and changes in economic and social systems it generates.” Therefore, we believe that the term “reverse push” is not accurate.

If we compare and analyze the current development of digital currencies in China, we will find that the digital RMB is mainly used for payment and settlement functions and some commercial purposes, such as cross-border remittances and international trade. However, these businesses require data processing methods beyond the existing systems, and compared with traditional centralized systems, they are less efficient and have lower costs—such as the central bank issuing legal digital currencies, which are more efficient than other central banks. Therefore, in the field of digital currency transactions, the concept of “reverse push” is regarded as a heavy blow to a new industry, and this phenomenon will have many negative impacts. For example, on March 10 this year, the central bank issued the “Notice on Preventing Token Financing Risks,” which clearly stated that virtual currency mining activities must be strictly prohibited. At the end of December 2018, Chen Xiaohong, a professor at Renmin University of China, published an article stating that from 2 pm on May 28, 2017, to 8 am on the 29th, the first round of B-class crowdfunding raising 10 million yuan (approximately 30 million Hong Kong dollars) was conducted through live streaming on the internet, and the funds had been fully invested in the internal testing of domestic digital asset exchanges. Since the beginning of 2017, the largest global digital currency exchange, Huobi China, has officially announced the cessation of operations, and most digital currency platforms under Huobi Group have also ceased operations. Soon after, OKEx, Bittrex, and Binance also announced suspensions of services. For ordinary people, participating may reduce the investment threshold and increase returns. However, this does not rule out that due to regulatory policies, many investors still focus on digital RMB. Since early April 2019, some small-scale retail investors have purchased Bitcoin and tried to enter the market, but in a short period of time, a large number of users chose to buy directly, causing prices to rise sharply. However, with more and more institutions entering the digital RMB market recently, people seem to realize the anonymity of digital RMB to some extent. According to media reports, since the first quarter of 2019, more than 100 exchanges have completed the withdrawal procedure, and the compliant operating mode of leading trading platforms such as Coinbase and Kraken has been questioned. After June 2020, according to relevant documents,