Anaisomari
Sunday, January 29, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Ethereum Merge Shows Crypto Is ‘Getting Its Act Together’: Eric Schmidt – Decrypt

September 29, 2022
in Ethereum
0

Former Google CEO Eric Schmidt thinks Web3 is “not normal” compared to other industries—but says it’s on the right track.

In a Wednesday fireside chat at the SmartCon conference in New York City, Schmidt shared his thoughts and concerns about the current state of crypto and Web3 with Chainlink Labs Co-Founder Sergey Nazarov.

“I’m historically a skeptic,” Schmidt said of his prior stance.

Now, he sees progress being made. The former Google exec told Nazarov the Ethereum Merge that occurred earlier this month—where Ethereum moved from proof of work to proof of stake—is “a sign that your industry is getting its act together.”

But Schmidt still has some gripes about Web3. He argued that today’s smart contracts—which are used to execute instructions on blockchains like Ethereum—are “poor in their capabilities” and thinks Web3’s overall marketing strategy “got a little ahead of reality.”

What does Schmidt believe in? For one, he’s into Chainlink, which uses data from “oracles” and node networks to provide blockchain-based information. 

He claimed Chainlink has “better technology” and “scales better” than its competitors—a take not to be ignored considering the fact that Schmidt has worked as a top-level Web2 executive for over 30 years. He joined the firm as a strategic advisor in December.

“Your religion is ‘Don’t trust the human, trust the protocol,’” Schmidt said of Nazarov, who agreed with his sentiment.

“At the end of the day, people’s faith in mathematics is going to end up being stronger than their faith in institutions and brands and other people,” Nazarov conceded. 

Schmidt also advocated for the emerging technology of Zero Knowledge Proofs, which are a type of cryptographic function that allow for data verification without revealing private information. Schmidt believes they will be transformative for blockchain networks and Web3 adoption, arguing ZK Proofs will change the experience of crypto transactions. 

His advice for crypto companies and builders? 

“Don’t ask for regulation early,” Schmidt said, explaining that he believes crypto regulation is still premature because the technology is still developing and evolving, and the full extent of crypto’s potential problems have yet to be revealed. 

That said, Schmidt doesn’t think libertarianism is a viable philosophy for the crypto industry, either.

“Societies don’t reward libertarian thinking very much,” Schmidt said. “Governments will assert their authority.”

Stay on top of crypto news, get daily updates in your inbox.

This news is republished from another source.


Previous Post

Tyler Hobbs’ QQL NFT Project Raises Nearly $17M in Successful Mint

Next Post

French Central Banker Warns Complex Crypto Regulations Could Create ‘Uneven Playing Field’ – Regulation Bitcoin News

Next Post

French Central Banker Warns Complex Crypto Regulations Could Create 'Uneven Playing Field' – Regulation Bitcoin News


Name Price
bitcoin
Bitcoin (BTC)
$23,155.00
ethereum
Ethereum (ETH)
$1,592.11
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
usd-coin
USD Coin (USDC)
$1.00
binancecoin
BNB (BNB)
$307.50
ripple
XRP (XRP)
$0.412297
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.386827
dogecoin
Dogecoin (DOGE)
$0.088766


Crypto News

New York Assembly introduces crypto payments bill for fines, taxes By Cointelegraph

January 28, 2023

Trade Crypto Futures with Covo Finance DEX

January 28, 2023

EU conducts Cryptocurrency training for Ukrainian officials

January 28, 2023

Bitcoin

Bitcoin Price Prediction as $35 Billion Trading Volume Comes In – Can BTC Hit a New All-Time High in 2023?

January 28, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

Binance USD, Tether and Big Eyes Coin: Three Cryptocurrencies for Wise Investors

January 29, 2023

Solana

Solana (SOL) Price Prediction 2025-30: SOL continues to touch highs

January 29, 2023

Cardano (ADA) and Solana (SOL) Holders See Potential in Snowfall Protocol (SNW)

January 28, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com


No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com


  • bitcoinBitcoin(BTC)$23,155.000.21%
  • ethereumEthereum(ETH)$1,592.11-0.33%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.00-0.08%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • binancecoinBNB(BNB)$307.500.09%
  • rippleXRP(XRP)$0.4122970.18%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.386827-0.52%
  • dogecoinDogecoin(DOGE)$0.0887661.28%
  • matic-networkPolygon(MATIC)$1.13-0.94%
  • okbOKB(OKB)$39.820.73%
  • solanaSolana(SOL)$24.00-1.81%
  • staked-etherLido Staked Ether(STETH)$1,590.39-0.21%
  • polkadotPolkadot(DOT)$6.47-1.61%
  • shiba-inuShiba Inu(SHIB)$0.0000121.01%
  • litecoinLitecoin(LTC)$94.616.75%
  • avalanche-2Avalanche(AVAX)$20.36-2.99%
  • tronTRON(TRX)$0.063187-0.02%
  • daiDai(DAI)$1.00-0.15%
  • uniswapUniswap(UNI)$6.76-0.79%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,128.000.16%
  • cosmosCosmos Hub(ATOM)$13.22-3.50%
  • ToncoinToncoin(TON)$2.50-1.74%
  • leo-tokenLEO Token(LEO)$3.94-1.07%
  • chainlinkChainlink(LINK)$7.29-1.39%
  • moneroMonero(XMR)$183.502.03%
  • ethereum-classicEthereum Classic(ETC)$22.221.14%
  • AptosAptos(APT)$18.251.57%
  • bitcoin-cashBitcoin Cash(BCH)$135.741.11%
  • stellarStellar(XLM)$0.092717-0.73%
  • apecoinApeCoin(APE)$6.02-4.56%
  • quant-networkQuant(QNT)$150.04-1.09%
  • nearNEAR Protocol(NEAR)$2.49-3.80%
  • crypto-com-chainCronos(CRO)$0.081159-0.84%
  • filecoinFilecoin(FIL)$5.34-1.67%
  • lido-daoLido DAO(LDO)$2.28-4.51%
  • algorandAlgorand(ALGO)$0.256387-2.07%
  • vechainVeChain(VET)$0.024558-1.07%
  • internet-computerInternet Computer(ICP)$6.091.41%
  • hedera-hashgraphHedera(HBAR)$0.067392-2.33%
  • axie-infinityAxie Infinity(AXS)$11.43-2.66%
  • decentralandDecentraland(MANA)$0.70-2.19%
  • aaveAave(AAVE)$85.02-2.23%
  • eosEOS(EOS)$1.10-0.35%
  • the-sandboxThe Sandbox(SAND)$0.74-3.16%
  • fantomFantom(FTM)$0.452036-2.94%
  • flowFlow(FLOW)$1.07-2.34%
  • elrond-erd-2MultiversX(EGLD)$44.44-1.14%
  • theta-tokenTheta Network(THETA)$1.08-2.46%