Gu Yanxi: The Struggle Between Euro and Dollar in Digital Currency

Before blockchain technology and encrypted digital currencies appeared, the competition between euro and dollar already existed. As a currency issued jointly by major European countries, the euro has been striving to increase its influence in the global currency market. Since blockchain technology and encrypted digital currencies emerged, the competition between euro and dollar has added a new dimension. Beyond paper-based and centralized electronic accounting technology, the two currencies have started a new competition on the encrypted digital currency medium. Moreover, this new medium has added more complexity to the competition between the two.