Exploring the True Essence of Crypto Native

The concept of Crypto Native has gained widespread attention in the crypto industry since 2021. Although industry insiders often mention it, there are various interpretations of its exact meaning. Does it simply mean keeping up with cryptocurrency news daily, investing most of one's assets in Bitcoin or Ethereum, closely monitoring market trends, or frequently discussing concepts like "decentralization"? The reality may be more complex.

In recent years, interest in Crypto Native has shown exponential growth. Data shows that the number of related mentions increased by 5.57 times in 2018 compared to the previous year, by 7.52 times in 2021, and by 2.85 times in the first 11 months of 2022. This trend seems to be accelerating.

The Evolution of Crypto Natives

The concept of Crypto Native originates from the decentralized philosophy and trustless mechanism advocated by Satoshi Nakamoto and Bitcoin. The birth of Bitcoin in 2008 marked the emergence of the first Crypto Native community. Despite Bitcoin experiencing price fluctuations and controversies in 2011, these early participants remained steadfast in their belief in the value of cryptographic algorithms and blockchain technology, adhering to the principle of "code is law."

As time goes by, Bitcoin has been given the title of "digital gold," and its commodity attributes have become increasingly prominent. The infrastructure of the cryptocurrency industry is gradually improving, including mining equipment, payment systems, trading platforms, and financial derivatives.

In 2014, the birth of Ethereum marked the beginning of a new era in the cryptocurrency industry. The emergence of smart contracts expanded the scope of blockchain applications. During this period, Crypto Natives were no longer limited to Bitcoin holders but also included supporters of other cryptocurrencies like Ethereum.

With the development of the Ethereum ecosystem, people's imagination of public chain ecosystems has been fully released. The emergence of ICO financing models and various decentralized applications has demonstrated the vast application prospects of blockchain technology. At the same time, the development of on-chain financial derivatives has also promoted the prosperity of exchanges.

After 2017, the connotation of Crypto Native has become increasingly rich. Some understand it as young entrepreneurs engaged in cryptocurrency-related projects, believing that they have a stronger adaptability to emerging technologies and mindsets. There are also viewpoints that see Crypto Native as representing a new era and lifestyle, where cryptographic technology will subtly change people's daily lives.

In 2018, someone proposed that Crypto Native could refer to a mode of company operation based on code rather than law, and this concept coincides with the idea of Decentralized Autonomous Organizations (DAOs).

By 2020, some attempted to define Crypto Native from both personal and commercial perspectives. On a personal level, it refers to individuals who purchased cryptocurrencies before owning traditional financial assets; on a commercial level, it refers to protocols that provide decentralized financial services.

From 2020 to 2022, the rapid development of DeFi, NFTs, and GameFi injected new vitality into the industry. However, as the excitement subsides, the Crypto Native community needs to reassess the fundamentals and intrinsic value of the industry.

Core Philosophy of Crypto Native

1. Decentralized: Abandon centralized control and establish an independent and autonomous network system.

2. Trustless: The reliability of the system is ensured through cryptography and mathematical proofs, rather than subjective promises.

3. Permissionless: Anyone can freely participate in the provision and consumption of resources without any barriers.

4. Individual Sovereignty: Emphasizes users' complete control over their own data and assets.

The Crypto Native community is building a decentralized, trustless, open, inclusive, and personally sovereign new world by embodying these principles. They believe that cryptocurrency technology can solve many real-world problems and bring more freedom and equality to human society. This belief is the driving force behind the continuous progress of Crypto Native.