Local Pioneers of the Encryption World: Exploring the Evolution of the Crypto Native Concept

Since 2021, the term Crypto Native has gradually become popular in the encryption industry. Although many newcomers have heard this term, it is not easy to define it accurately. Everyone might have a different understanding of what Crypto Native means. Does it mean paying attention to cryptocurrency news every day, investing most of one's assets in Bitcoin or Ethereum, constantly analyzing market data, or frequently using terms like "decentralized"? The answer may include these aspects as well as go beyond them.

Data shows that the attention to Crypto Native across the network has grown exponentially. The number of mentions in 2018 increased by 5.57 times compared to the previous year, in 2021 it increased by 7.52 times compared to the previous year, and in the first 11 months of 2022 it increased by 2.85 times compared to the previous year. This growth trend seems to show no signs of slowing down.

The Origin and Development of Crypto Native

Crypto Native in the encryption world originates from the inheritance of the decentralized concept of native cryptocurrencies. The starting point of this concept can be traced back to Satoshi Nakamoto and Bitcoin. As the cornerstone of cryptocurrencies, the decentralized ideology and trustless mechanism behind Bitcoin are the roots of the Crypto Native concept.

Since the emergence of Bitcoin in 2008, the first group of Crypto Native communities has appeared in the world. Despite experiencing some early setbacks, this group of people who truly own and use Bitcoin firmly believes in cryptographic algorithms and blockchain technology, advocating the idea that "code is law."

As time has passed, Bitcoin has been given the title of "digital gold," and its commodity attributes have gradually become prominent. The infrastructure of the encryption industry has gradually improved during this period, including mining machines, payment scenarios, trading platforms, and financial derivatives.

The emergence of Ethereum in 2014 marked the beginning of a new era in the encryption industry. The category of Crypto Native is no longer limited to Bitcoin, but has expanded to include Ethereum and other cryptocurrencies. This community still firmly believes in the cryptocurrency system established by cryptography and blockchain technology.

The development of the Ethereum ecosystem has sparked people's imagination about public chain ecosystems. The emergence of new financing methods such as ICOs, along with the surge of various decentralized applications, has allowed people to see the application value of blockchain. Meanwhile, the development of on-chain financial derivatives has also promoted the prosperity of exchanges.

The Evolution of the Crypto Native Concept

Since 2017, the term Crypto Native has gradually gained attention on social media. Initially, it was used to describe young entrepreneurs involved in cryptocurrency-related projects. This group is believed to be able to adapt more quickly to the lifestyle and mindset of the crypto world.

As time goes by, the meaning of Crypto Native continues to expand. Some describe it as a representative of a new era and a new way of life, believing that encryption technology will subtly change people's lifestyles.

By 2018, some began to associate Crypto Native with the way companies operate. This new type of organization would be built through code and settled via blockchain, rather than relying on traditional legal systems. This concept later evolved into what we now know as decentralized autonomous organizations (DAOs).

In 2020, some attempted to define Crypto Native from both personal and business perspectives. A Crypto Native individual is defined as someone who purchases cryptocurrency before owning any other traditional assets. Crypto Native businesses are described as decentralized protocols that support functionalities currently provided by centralized finance or traditional finance.

The Core Philosophy of Crypto Native

The concept of Crypto Native encompasses several core ideas:

1. Decentralization: Abandoning the macro control of centralized institutions, pursuing an independent and autonomous system.

2. Trustless mechanism: Based on objective mathematical or encryption proofs, rather than relying on subjective commitments or trust.

3. No permission required: Anyone can participate freely, whether providing resources or consuming resources.

4. Personal sovereignty: Emphasizes individual ownership of data and assets, resisting control by centralized entities.

These ideas are reflected not only at the technical level but also in the values and behaviors of the Crypto Native community. They are working to build a more free and equal world, addressing some deeply rooted issues in the real world through encryption technology.

On the grand stage of Web3, the Crypto Native community is practicing the ideology of decentralization, creating trustless products, and establishing permissionless markets to protect individual sovereignty. This is precisely the vision pursued by Crypto Native practitioners and is also the driving force behind the continuous development of the encryption world.