The explosive days of Crypto Crescita are over, says Ethereum co-founder



/ latest / 2018/09 / no-more-opportunity-for-explosive-growth-in-blockchain-ethereum-co-founder /

The co-founder of Ethereum Vitalik Buterin recently told Bloomberg that The blockchain industry has already experienced explosive, or exponential, growth and "there is still an opportunity for another 1,000-fold growth in anything in this space."

Blockchain Growth Approaching "Ceiling"

Buterin added that the "average educated person" has heard of distributed ledger technology (DLT) now at least once. He also observed:

"The space of the blockchain is coming to the point where there is a ceiling in sight."

As such, we can no longer expect "significant growth in anything in space [this]," Buterin said. . Continuing to explain the growth and adoption of bitcoins (BTCs) and other cryptocurrencies, Buterin added that marketing by the blockchain community during the first six or seven years of their existence has helped people become more aware of their.

According to the Russian – Canadian programmer, the marketing strategy that has been used so far to encourage people to use digital currencies is "approaching to hit a dead end". Those who are now really interested in the encrypted must be involved in the exploration of the "real applications of [their] real economic activity," Buterin noted.

Specifically, the blockchain developer's comments come at a time when the native token of Etereum blockchain, ether (ETH), had dropped below the $ 200 mark. The ether is currently trading at $ 201 according to CryptoCompare data and its value has now fallen well over 70% this year

Cryptocurrency prices decline further

Bitcoin, the top cryptocurrency, is also # 39; it collapsed and trades slightly below $ 6,400 to press the time. This, after having briefly surpassed the value of $ 7000 on August 28th. Most market analysts attributed the recent (and further) fall in cryptocurrency prices to reports that Goldman Sachs postponed an encryption desk's launch plans. The CFO of the financial institution has since revealed that Goldman Sachs is still working on it.

As reported by CryptoGlobe, Stephen Innes, Chief Investment Officer at SFG Alternatives, noted that Goldman Sachs delaying the launch of its cryptography platform would be "a huge blow" to the digital currency market.

Innes said that cryptocurrencies will remain "subtly traded" due to the lack of "regulatory oversight" and "intense and intense control" over the fraudulent activities associated with them. It is unclear whether bitcoins and other criptos are currencies or raw materials, and if they are supposed to add value, they are doing a "very poor" job of maintaining value, Innes argued.


Source link