Bitcoin

Vitalik Buterin: the use of crypto-currencies is not limited to the finance

Although known to be a means of payment, it is revolutionary and an investment vehicle promising, the field of action of the crypto-currencies is not limited to the financial sector, after the founder of Ethereum, Vitalik Buterin.

Vitalik Buterin tactile

On Twitter, Vitalik Buterin announced that the public perceives only the crypto-currencies across the spectrum of economic. The financial crisis shaking the economy in its entirety since the beginning of the year. In this context of uncertainty, investors are flocking en masse to the crypto-currencies.

However, deplores the founder of Ethereum, the crypto-currencies are not completely immune to the sinking economy.

In fact, Vitalik Buterin argues that the course of crypto-currency seems to be highly correlated with that of financial assets in the traditional sense. And for proof, at the time of the crash of the stock market index u.s. S&P 500 in march, the majority of digital currencies have dropped more than 50%.

The many applications of crypto-assets

Beyond the financial sector, the crypto-currencies promise to interfere in other areas. In addition, crypto-currencies can be used to put in place a decentralized organization (DAO), whose rules of governance are respected by all participants. These new classes of assets may also enable the sharing of information between pairs, free of the censorship of the local authorities.

The Blockchain Ethereum is particularly acclaimed for its many smarts contracts that facilitate the negotiation and execution of a contract between two parties.

What do you think of these comments from Vitalik Buterin regarding the potential of crypto-currencies ? Let us know your opinion in the comments section below.

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About the author

Jeremiah Faber

Jeremiah Faber

Jeremiah is an explorer by heart – both in the physical and the digital realm. A traveler, Jeremiah continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Jeremiah and through his business acumen has gained financial profits as well as fame in his business niche.

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