Compared with the Internet boom that preceded the information age, the blockchain era is almost as hot as it was in 1998, and the cryptocurrency world is inviting mainstream participation. These goals are ambitious, but they also remind us to do one thing in the right way. breakthrough, but said, the final agreement was established to minimize the trade barriers, and to provide enough time to implement change. What does that mean? Investors are confused and lost on the way forward, the confusion and bewilderment itself will keeps everyone to learn, so investors are eager to learn has been exist, is the power of the instinct of the profit will lead us to learn. It is not easy to learn the key question is: futures, its difficulty may not be less than the difficulty of the transaction, this kind of difficult to make a lot of people were forced to study only a period of time, that then is in a state of flow for a long time, but it is difficult to further more in-depth study. On November 11, 1997, the bank of England took a big step towards independence, politely revising the "banking law" of 1946 and reading it in the lower house. The bill passed legislation affirming that Gordon Brown, the Treasury secretary, freed government control from the central banking business. This is the hallmark of an institution that has been under the yoke of government for a century and a half. It symbolises how demand for central bank independence becomes conventional wisdom. Although an enterprise's internal trade fair eliminates or reduces some of the market transaction costs, it also brings with it the specific transaction costs of the enterprise. The main reason for this defect is also the incompleteness of information. Specifically, first, there are various contractual relationships among enterprises, including contractual relationship between enterprises and workers, contractual relationship between enterprises and managers, etc. The enterprise should supervise the work of the workers and products that it employs, as well as the managers and other personnel, and induces them to work hard for the enterprise. So, companies are signing contracts and spending on oversight and incentives. Secondly, on the one hand, corporate decision makers often need to obtain information from subordinates. On the other hand, the decision-making information of the upper level of the enterprise should be realized by passing it to the subordinate. The information transmission of these two different directions will be distorted by the increase of subordination of enterprise scale, resulting in the loss of enterprise efficiency. Once again, the subordinate of the enterprise often conceals or passes the wrong information to the superior for selfish motives, so that the superior can make decisions that benefit the subordinate. Or, the subordinate's decision to the superior only passes or executes the part that is advantageous to oneself. These will result in the loss of enterprise efficiency. Thus, the expansion of enterprises is limited. According to coase's theory, the scale of the enterprise should be expanded to this point, that is at this point to increase the cost of an internal exchange cost equals the cost through the market exchange cost and so on. Valuation bubble