The evolution of the financial system is essentially a dynamic adaptive process in which human society continuously optimizes transaction efficiency, asset security, and value anchoring mechanisms under specific technological and institutional constraints.

Each significant paradigm shift—whether the emergence of credit currency, the dissolution of the gold standard, or the application of distributed ledger technology—constitutes a structural solution to the core dilemmas and systemic limitations of the previous stage.

When we look at the evolutionary history of finance over a millennium, it is actually technology that has had a tremendous impact, while politics has accelerated its evolutionary process.