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Ether could conquer the internet

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Even though Bitcoin is the most popular cryptocurrency out there, there are other alternatives such as Ether, which has been climbing the stairs to the top of the world of digital currencies.

Many people are starting to believe that a new form of descentralized internet can appear thanks to Ether

Descentralized internet

Olaf Carlson-Wee published an article at the Crunch Network saying that:

“When decentralized blockchain protocols start displacing the centralized web services that dominate the current internet, we’ll start to see real internet-based sovereignty. The future internet will be decentralized”.

The future is a decentralized internet

Why is Ethereum such a success?

Ethereum was released on July  30, 2015 and since then it has only been escalating, and one of the reasons of its success is that Ethereum employs a blockchain protocols that allows an easier process for more complex transaccions to be encoded by anyone.

Peter Szilagyi stated that:

“Node density seems to go hand in hand with connectivity, industrialization, and wealth. My best bet as to why the discrepancy is that running a full Ethereum node is resource intensive.”

Peter also showed the world the growth of Ethereum in different parts of the world on his twitter account

Peter shows the nodes that belong to Ethereum from all around the world, and what this means is that there are actually many computers linked to the Ethereum chain. As the number of nodes keeps growing Ether makes a big name for itself and it may end up being one of the biggest and most important forms of currencies in the world.

For now Ethereum is more popular in the more developed countries of the world with the US being on the top spot, however it won’t be long until many other countries see the potential of the Ether and maybe even begin a new era for the internet.

 

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Yeon: Blockchain Could “Revolutionize The World”

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South Korea’s Finance Minister Kim Dong-yeon recently praised Blockchain technology, saying that “Blockchain technology can disrupt and revolutionize the world.”

Yeon on The Blockchain

Yeon

Yeon said that the Finance Ministry has no intentions of banning cryptocurrencies in the country.

“Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations.”

While people have made it very clear that cryptocurrencies aren’t really necessary for still enjoying the benefits of Blockchain tech, Yeon believes the two as inextricably linked together:

“For open-source blockchain networks, cryptocurrencies are necessary as incentives for individuals to participate in the network.”

Yeon’s positive thoughts about Blockchain and cryptos come after a period of harsher restrictions and regulations on digital currency investing and exchanges in South Korea.

This is yet another positive opinion for the Blockchain, which comes as no surprise, and it seems that the Blockchain is being more supported than Bitcoin in terms of future applications.

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Ether Donation to Anti-Aging Research

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Vitalik Buterin has made a donation of $2.4 million worth in Ether to the SENS Foundation, which is a charity fund that focuses in anti-aging research.

Ether Donation

The foundation was co-founded back in 2009 by Audrey de Grey. She is a gerontologist focused on the research of rejuvenative therapies that will extend people’s natural lifespan.

Buterin, was qoted in a press release as a “fan of Aubrey’s work since he first read Ending Aging from de Grey as a teenager”. He said:

“I am happy to have been blessed with the opportunity to personally support SENS’s efforts. Their focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity, is very much in line with my goal to positively impact the lives of millions of people around the world.”

The SENS Research Foundation has already received two large donations totaling $2 million in Bitcoin (BTC) from the anonymous Bitcoin-only charity fund, Pineapple Fund — the first million dollars in December 2017 and another $1 million in BTC on Feb. 2.

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Bitcoinist Talks with David Drake

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In an interview with Bitcoinist, David Drake is the Chairman of LDJ Capital talked about his experiences with cryptocurrencies, his thoughts on ICO quality, and the potential consecuences of regulations in several countries across the world

Bitcoinist: David Drake

Bitcoinist: What is LDJ Capital? How much capital do you currently manage? 

David Drake (DD): LDJ Cayman Fund Ltd is a $200M cryptocurrency fund across the whole Capital stack.

I am also a board advisor for several Initial Token Offerings. Top 15 ICOs I advise raised $500,000,000 in the last 6 months.  Fortunately, I have 25 employees managing daily interactions with the 20 ICOs I help.

I certainly feel like a Lucky Golden Token.

LDJ Capital is a financially integrated family office with a global footprint and local presence in 12 countries. We raise interest from our family office resources and from our LDJ Capital team members, who include the likes of a former chairman of Nasdaq and CEO of Intel Capital. We are taking on a few more ICOs on a road trip in the next few months. 

Bitcoinist: Is your fund involved in cryptocurrency trading? 

DD: Yes, we’re involved in investing in crypto trading, as well as long-term investments but I’d say 80% of our trading you buy and hold as we are long-term players and looking in on the line of strong fundamentals.

After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best. I made it 12 xx on quantstamp making millions.

Bitcoinist: What is your experience with Bitcoin/cryptocurrencies? 

DD: My job is best performed as a global strategist and board advisor. In parallel 150 family offices, crypto traders and hedge funds globally rely on my opinion. Thus, I need your ICO quality to be institutional-grade. 

Bitcoinist: What determines whether an ICO is “institutional-grade”?
DD: Equity capacity, revenue, existing business history, leadership, composition, regulatory framework, brand recognition.
Bitcoinist: What are your thoughts on crypto in 2018 so far? Typical January price correction across the board or something more serious? 

DD: I think we will have Regulators stirring up the marketplace several times a week for the next two months until the SEC comes out with a direction and institutions are starting to invest.

At that point, prices will go off and I think that’s going to happen around March and April.

Bitcoinist: What kind of impact will Facebook no longer allowing crypto ads have on the industry? Is this a good thing (e.g. no more BitConnect ads) or will it have a negative impact? 

DD: I think the industrial address will slow down the growth and the hype of the business, and that’s a good thing.

Bitcoinist: How about China banning ICO’s and clamping down on its mining industry? Is this the end of China being a dominant player in crypto? 

DD: The Chinese moved their business to Japan, Korea, Hong Kong and Shanghai. Chinese exporters are getting paid in foreign fiat so they’re still very big exporters of capitals as they export their product. 

Source: http://bitcoinist.com/

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