Blockchain Wunderkinds Headline Forbes 30-Under-30 List


The blockchain and cryptocurrency ecosystem is well represented in the Forbes 30-Under-30 list of this year, with four young founders and CEOs between the ages of 25 and 28 present for their work on finance cryptographic, blockchain scaling and resource encryption.

Olaoluwa Osuntokun (25), Nader Al-Naji (26), JB Rubinovitz (26) and Hunter Horsley (28) made their debut on this year's list after applying blockchain technology to solve real-world problems through their various startups.

Disruption of economic instability and reduction of bitcoin

Olaoluwa Osuntokun starred in this year's work on creating a scaling solution for Bitcoin blockchain. The co-founder of Lightning Labs, who moved to the United States from Nigeria as a child, successfully raised over $ 2.5 million to increase the speed of bitcoin transactions with the goal of making a bitcoin a usable and reliable system to perform relatively low value transactions in the way of Venmo and Cash App.

On the other hand, Nader Al-Naji has raised over $ 133 million from a stellar list of investors, including Bain Capital, Andreessen Horowitz and Stanley Druckenmiller to develop Basis, a US-based stablecoin that aims to replace the central banks in countries suffering from currency volatility such as Venezuela and Zimbabwe. Unlike most existing stablecoin, Basis intends to maintain its USD pegging by increasing and decreasing its offer algorithmically rather than being supported by currency reserves in an account. In this way, Basis intends to offer a new paradigm of economic stability to people in countries currently devastated by hyperinflation or political turbulence.

Solve the problem of America on bail

JB Rubinovitz, for his part, is the co-founder of Bail Bloc, who uses a cryptocurrency mining framework to increase bail for qualified individuals who can not afford it. This is a particularly serious social problem in the United States, where about 60 percent of the detainees are awaiting trial, of which nine out of ten remain in detention simply because they can not afford to deposit the required security. In other words, at least half of the total people in jail in America would not be imprisoned if they could afford to pay the bail.

Hunter Horsley, CEO of Bitwise Asset Management, currently holds four cryptocurrency indices currently used by over 600 multi-family offices, an important element in the evolution and in the eventual mainstreaming of cryptographic resources.

The Forbes 30-Under-30 list is a further indication of the growing influence of cryptocurrency and blockchain technology that expands from a Fintech niche to an industrial maximum weight in its own right. In July, CCN reported that the Fortune 40-Under-40 the list was also dominated by blockchain personalities including Ethereum co-founder Vitalik Buterin, Coinbase co-founder Brian Armstrong and Robinhood founder Vlad Tenev.

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