A͙n͙a͙l͙y͙s͙t͙ M͙a͙s͙t͙e͙r͙: Blockchain technology is decentralised, traceable, trust-less and immutable — but it’s more than that. Today, we talk about the structure of blockchain and the newer Layer 2 application of the technology.
A͙n͙a͙l͙y͙s͙t͙ M͙a͙s͙t͙e͙r͙: Last month, China’s President Xi Jinping called for the country to accelerate its adoption of blockchain technologies. He didn’t specifically call out Bitcoin or other cryptocurrencies, but CZ thinks the message brings positive effects to the industry as a whole.
A͙n͙a͙l͙y͙s͙t͙ M͙a͙s͙t͙e͙r͙: He went on to discuss the merit of having more choices among blockchain currencies in general: “Having is better than not having. Having stablecoins is better than not having them. Having Libra is better than not having it.”
A͙n͙a͙l͙y͙s͙t͙ M͙a͙s͙t͙e͙r͙: “Everyone that I’m in touch with who was laughing at blockchain before is looking at blockchain now. I think that’s a huge sign for our industry. When you learn about blockchain, you almost have to learn about Bitcoin. If you learn about smart contracts, you will have to learn Ethereum.”