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Crypto-winter forces you to ask the right question and facilitate innovation, says Ledger CEO Pascal Gauthier

Arijit Sarkar



Crypto-winters force you to ask the right question and bring innovation, says Ledger CEO
Credit: Pixabay

Ledger regained its prominence soon after the company managed to sell 1.5 million units of Nano S hardware wallet and the launch of its successor, Nano X, in the middle of the crypto winter. This was followed by CEO Pascal Gauthier’s insightful interview with Bitcoin Magazine NL, in which the new CEO attributed the success to “close attention to user feedback”.

Gauthier expects Ledger’s next-gen digital wallet to succeed based on two key features of the product, namely, “on-the-go ledger” and “better parallel processing of the transactions”. The wallet currently supports prominent coins such as Bitcoin, Ethereum, and XRP, and the CEO hinted at adding more coins based on the community’s demand. The wallet ensures the private key’s security through a unique Bluetooth and hardware combination-based technology, which is detailed on the company website.

When asked about the crypto winter, Gauthier pointed out,

“Crypto winters bring innovation; it forces you to ask the right question. But like all weathers, this winter must also come to an end.”

He added,

“It’s time that the market stop making promises and starts delivering first.” Following the remarks “we not here to promote currencies”

Gauthier also clarified that the company never supported Bitcoin SV [BSV] and was not affected by its recent delisting.

As for Ledger’s future, Gauthier opined that business will mainly be driven by the crypto community’s demands, while Ledger will continue to expand its digital wallet capability to support new currencies and exchanges.

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Economist Stephen Moore joins project touted to be ‘world’s first decentralized crypto central bank’

Biraajmaan Tamuly



Stephen Moore; Former Wall Street editorial board member joins new "mini-Federal" cryptocurrency backed entity
Source: Pixabay

Stephen Moore, former member of the Wall Street Journal editorial board and popular economist, recently attempted to join the Federal Reserve. Alas, he was denied the opportunity. Now, the economist is back in the news again.

According to a report by Fox Business, Moore has joined a group of entrepreneurs who plan to kick-start their very own ‘Federal entity’ named “Decentral,” which incidentally will be labelled as the “the world’s decentralized central bank.”

Sam Kazemian, CEO of Decentral, said that the endeavor’s major objective was to create a new type of central bank that would stabilize virtual assets such as Bitcoin and its counterparts. The bank would work on the same lines as the Federal Reserve does for the U.S economy. Decentral plans to carry forward responsibilities in terms of regulating the supply of cryptocurrencies in the market, in the same manner. Apparently, Decentral will also issue its own crypto tokens in the exchange for other digital assets, with the valuation of the token tied to a stable assessment method.

While Moore has been hired as a Chief Economist, it was reported that his role within the company is still “unclear.” Moore said,

“I am really excited about doing this. I hope it makes me rich.”

Moore also drew comparisons between Facebook’s recently unveiled Libra and Decentral’s offer. He stated that the Decentral crypto would offer a payment method that would be pegged to a stable currency and it would present major uniformity and reliability in the digital asset space, which is often divided among other major cryptos.

Moore added that his employment with a cryptocurrency-backed entity did not create a wedge between his work as an economist. In the current scenario, cryptocurrencies have a huge role to play in the economy, in a way not contradictory to Federal Reserve policies, he added.

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