Category: FinTech

This is tuesday September 13, ethereum will transition from proof of work to proof of stake in a day or so.

Why is it important? It’s been a talking point of evolution for the ethereum blockchain since it’s beginnings in July 2015. What it does is change how new blocks are chosen, moving from proof of work (lots of computers using a lot of electricity), to proof of stake (basically a lottery from stake holders). It saves a lot of electricity.

Bitcoin (the largest cryptocurrency) also runs on proof of work, but there are no current plans to migrate it to proof of stake.

Cryptocurrency is a financial and technological product (fintech). Money goes everywhere! And now technology is developing means for working with money, in terms of crypto tech. It will disrupt traditional finance like the internet is disrupting newspapers for instance.

Here are 7 Crypto RIPCORD properties that will change the world!

In this Youtube Bitcoin and Open Blockchain Q&A, Andreas gives his answer and explains how a currency with RIPCORD properties will change the world.

R revolutionary: real change

I immutable: no cooking the books

P public: audit?

C collaborative: participation?

O open: can anyone participate?

R resistant: to censorship

D decentralized: can’t shut down

They once were average workers, with regular jobs and modest paychecks.

Now they’re loaded….

“The cool thing about cryptocurrency is that anybody can do it, and I’m one of those anybodies who did it,” she said.

“I was a substitute teacher with no serious technical knowledge that went to college for theater, and I made millions of dollars in this market via conviction, via education. I believe that anyone could follow that path, if they were dedicated to it.”

The mass adoption of digital payments in the world’s most populous nation has made the use of physical cash virtually obsolete — a trend that has alarmed China’s central bank, which has been conducting small-scale rollout trials for its digitized legal tender since late 2019. At previous Olympics, cash and Visa cards were the only two permitted forms of payment, though the former diminished in usage at the sporting venues after the 2004 Olympics in Athens, according to people familiar with the matter, with nearly all payments having moved to Visa.