2nd Generation of Cryptocurrency
Created in 2008, cryptocurrency opened up a new horizon as it challenged an area that it never dealt with. Cryptocurrency broke the stereotypes that have previously been tied to information, banks, institutions and IDC only through "decentralization" and proved that a skeptical public can trade in a P2P-setting globally. It has even conducted market tests over the past decade by proposing a new currency system.
The cryptocurrency led by information engineers seemed to bloom as financial engineers joined. Thousands of cryptocurrency projects have been created with the grace of pure luck and are still being made today. However, the era of advanced cryptocurrency is coming to an end. As the pacemakers of the marathon, they have played a major role in opening a new era. It confronted de-financing, challenged decentralization and left a key performance indicator that democracy is possible. But that's about is as their role as pacemakers.
If society is to innovate and rapidly change, there must be a corresponding cause, clear philosophy and vision. The first-generation cryptocurrency has put forward this cause, philosophy and vision, but has shown some limits. Contrary to many claims, the market has lost credibility, echoing the behavior of existing vested interests in reality.
The philosophies that people have advocated in the birth of cryptocurrency are gone; instead, cryptocurrency fails to prove its potential and validity as conflicts such as internal strife at the Cryptocurrency Foundation, the distribution of unclear and ambiguous tokens and the creation of new central powers arise. This is the inherent limitation of first-generation cryptocurrency, designed only as an alternative to the existing greedy financial system.
As an alternative to this, the era of "Crypto," second-generation of cryptocurrency, is now looming. Without the "don't-ask" investors who have thrown the market into turmoil and the decline of the scammers, some people are now deeply caring about and putting effort into "real cryptocurrency project." With the addition of social engineering elements to the previous information engineering and financial engineering elements, a new era of cryptocurrency, or "the Crypto Age," is coming.
The Crypto era tries to design cryptocurrency with keen eyes, with the right purpose, and with the right process to carry out social projects under the blockchain. The advantage of information engineering and financial engineering discovered in the first-generation of cryptocurrency will be fused with social engineering elements to create a new concept of a "crypto economy." This is why although many have viewed cryptocurrency negatively so far, they still can't ignore cryptocurrency as they vaguely expect a new future.
It is our hope that we will take the lead in opening a new era through Crypto, a new era of cryptocurrency, in which we will be able to take the lead in opening a "economy of enjoyment" where everyone can benefit.
Pro. Park Hangjoon (news@dailycoinews.com)의 기사 더 보기
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