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%.
It 2008 vs. 2020, and what it means for crypto(currency).
I’ve said this already at some of the recent newfangled e-conferences, the purpose want to reshare here too.
— vitalik.eth (@VitalikButerin) June 2, 2020
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.
(Be the FIRST to vote)