What function of currency does reward reflect (the nature of reward)?

The nature of reward reflects what function of currency.

Reward is a way of transferring value, which traditionally brings certain incentives to society; but with the development of the Internet, more and more people are starting to accept the benefits of encryption technology, making it mainstream. For example, Bitcoin is designed to be a medium of exchange, a medium of exchange, or a unit of account that can be paid to anyone. This method can promote communication among other people in the network and the demand for the digital world (such as electronic wallets), thereby improving the efficiency and stability of the payment system. (Note: An electronic wallet refers to storing private keys in a trusted hardware to facilitate the recipient’s funds)

The nature of reward

According to official news, reward is a product of the Internet economy. It can be understood as a new form of economic activity. People can obtain rewards by liking, commenting, and sharing. For example, when you see a certain community or a Weibo account in WeChat, you will receive corresponding points; and when you receive a tip, you can choose to “give”, but this does not meet the basic requirements of the reward function we are talking about today – there is no review or confirmation of tip payment.

If email is just a service form of typing, then reward is just another tool similar to social platforms: everyone communicates with each other through sharing information. There is a fundamental difference between this behavior and the function of reward:

1. Users will find many things about reward in their own wallet addresses, and then send them to others based on these things. There is also a certain calculation method for the amount of reward given to another person;

2. The reward giver will leave the private key (public key) in the receiving account to obtain the reward giver’s income, so as to earn the value provided by the reward giver as a return and profit from it;

3. Since the reward giver needs to pay a fee, he will not use any transaction costs for payment, so it cannot be used directly for consumption.