Women have time and again defied the “traditional norms” imposed on them, becoming successful in revolutionizing different industries across the world. This has been more significant, if not drastic, over the past couple of decades. An effort towards integrating women in the tech field is also currently underway. However, the participation of women in the still nascent field of cryptocurrencies is still noticeably low, when compared to the participation of men.
According to a tweet posted by Jameson Lopp, a Bitcoin engineer and Chief Technology Officer of Casa, women engagement in the digital currency space has hit an all-time high. According to an image shared by the self-proclaimed ‘cypherpunk,’ women constitute nearly 10% of Bitcoin’s community.
The graph above depicts a steady inflow of women into the space during the unprecedented boom of 2017. The figures however, shot up significantly during the first six months of 2018, coinciding with the time Bitcoin crashed and the crypto-asset lost about 65% of its value. In contrast, male participation constituted an astonishingly high percentage of 90%.
According to data provided by Long Hash, gender disparity at various levels in the blockchain ecosystem is massive. The industry thus, still has a long way ahead in terms of gender equality.
Even as the figures hit an all-time high, the gender gap is still worse in Blockchain than any other tech field. In May 2018, Coin Dance charted a female engagement of 5.27%.
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Facebook’s Libra ‘sounds an awful lot like Proof-of-Stake’ and will ‘run into Ethereum’s problems,’ claims Jameson Lopp
Facebook’s “The Libra Blockchain” whitepaper has created quite a frenzy, not only in the cryptocurrency ecosystem, but also with U.S. government officials. Some people claim that Libra is not a blockchain, while others claim that it is going to kill Ripple, XRP and other similar blockchains. However, Jameson Lopp had a different view, claiming that the Libra blockchain has not solved massive problems that Ethereum has.
Lopp in his Medium article dissected the whitepaper and stated that the Libra Blockchain will be controlled by a set of authorities in a top-down fashion and that it will eventually move from a permissioned to a permissionless blockchain. The blockchain will offer a global currency – Libra coin, which will be backed “with a basket of bank deposits and treasuries from high-quality central banks.”
Since the whitepaper mentions that it will eventually move towards a permissionless and an open system, Lopp speculates that it “sounds an awful lot like Proof of Stake” and like Ethereum, it will face the same problems. He said,
“Apparently the plan is to open up membership after 5 years and hopefully they’ll have figured out Proof of Stake by then… I expect they’ll run into the same problems as Ethereum!”
Lopp added that “Calibra Wallet,” which is used to store the Libra coins, is the only wallet that can hold the coins for now and that it will require strict KYC/AML compliance. Since the blockchain conveniently replaces “stablecoin” for “resources,” Lopp speculates that it will concentrate more on smart contracts since it is built on a custom smart contract programming language called “Move”.
In addition to facing similar problems as those faced by Ethereum, the Libra Blockchain is facing more issues from a political and a regulatory standpoint. There was a lot of speculation even before Facebook dropped the whitepaper.
According to Reuters, United States House Financial Services Committee Chairwoman Maxine Waters issued a statement to halt/pause any and all developments on the project, until and after the Congress and other regulatory bodies have finished reviewing it. A senior Republican, Patrick McHenry, is also calling for a hearing on Facebook’s new cryptocurrency.
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