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Blockchain only begins in Fin-Tech; it’s for all industries to act on

Prerana Sarkar

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Blockchain only begins in Fin-Tech; it’s for all industries to act on
Source: Pixabay

On June 8th, Daniel Larimer, the Chief Technology Officer for EOS, the most powerful infrastructure for decentralized applications, confirms that Blockchain is for all multi-user systems and all other industries.

He talks about the benefits of the blockchain technology that revolve around the removal of security issues from a centralized system, allowing its users to control their identity. Users can also control their private keys.

Whether it’s voting or social media, the future holds a more “password-less” society. EOS focuses on building a more secure ecosystem where users can trust the people they are communicating with. Bart Wyatt who focuses on Engineering and Development is also a part of the EOS community and has plans on getting out there to figure out the actual potential of their blockchain model.

Serg Metelin, Developing Relation Officer states:

“Blockchains will change everything. Agricultural industries, Governance, Science, Medical, Insurance and all of the industries that have a middleman as a part of the business process can be disrupted by the blockchains.”

The main aim of a blockchain is for industries and communities to organize around an open-sourced software that allows them to create a community-driven business model that can eventually compete with larger financially centralized tech companies today.



So, blockchains are definitely not limited to only fin-tech as it is creating a massive structural revolution worldwide. The EOS Hackathon is scheduled to be held this weekend in Hong Kong which will focus more on the developing technology behind blockchains in this crypto network.

User Jonny Adams on Twitter said:

“Blockchain has the potential to change the world. I am waiting for the day where technologies have been developed to cure privacy issues and build better networking models to help in the growth of businesses!!”





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Prerana Sarkar is a part of AMBCrypto's News Reporting Team from January 2018. She is a Journalism major from Mount Carmel with two years of writing experience in Bitcoin and Blockchain related articles. Prerana does not hold any value in cryptocurrency or its projects

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Coinbase is a huge net positive for not just cryptocurrencies, but for the world, says Bitcoin Cash proponent Roger Ver

Priya

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'Coinbase is a huge net positive for not just cryptocurrencies, but for the world', says Bitcoin Cash proponent Roger Ver
Source: Unsplash

Roger Ver, a well-known Bitcoin Cash influencer and CEO of Bitcoin.com, spoke about the controversy surrounding #DeleteCoinbase campaign, where he stood by the exchange. He also explained the reason behind why he does not consider BTC to be Bitcoin, in an interview with BreakerMag.

Coinbase, a leading cryptocurrency exchange platform, recently made an uproar in the cryptocurrency market over acquiring Neutrino, a blockchain analytics firm. This acquisition resulted in the majority of the cryptocurrency space joining the #DeleteCoinbase movement as the Neutrino team was previously associated with Hacking Team. More so, it was further revealed that the acquisition took place because Coinbase’s providers were selling its data to outside sources.

However, while the majority of the space was chanting #DeleteCoinbase, Roger Ver, on the contrary, spoke in favor of the exchange. On his official social media handle, Ver had stated that the exchange has made a lot of contribution towards driving the adoption of the cryptocurrency space and that space should “be grateful despite a few poor decisions along the way”, adding “Don’t #DeleteCoinbase”.

In the interview, Ver was asked whether Neutrino’s association with Hacking Team did not bother him, and the reason behing why he chose to stay beside the exchange. To this, Ver stated that he was “incredibly troubled” with the association, adding that this was a “really stupid mistake”. He went on to state,



“But people make mistakes sometimes, and I don’t think that it was an intentionally bad mistake on Coinbase’s part. Once they saw the error of their ways, they fixed that. And Coinbase has onboarded millions and millions of people to cryptocurrency. I think Coinbase is a huge net positive for not just cryptocurrencies, but for the world.”

This was followed by Ver speaking about the reason behind his belief that BTC is not Bitcoin. Ver has been previously criticized because of the same topic, so much so that there were people who were considering taking legal action against him. This was because of propagation that Bitcoin Cash [BCH] was the real Bitcoin.

On this, Ver stated there were several people who have called him a “scammer” because of this, adding that there were barely any who was up for an argument, instead of name-calling. He also stated that there was a possibility of him believing that BTC was indeed the real Bitcoin, but stated that there weren’t “any arguments that are compelling at this point”. He said,

“I came to those conclusions based on the logic and reason and evidence and arguments that favored those positions. And if someone wants to try and convince me that BTC is bitcoin, even though it’s not a peer-to-peer electronic cash system, I will listen to those arguments and evaluate them based on their merits.”





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