INVESTORY
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source www.libertex.org
to punch a gap in the international financial markets where such currencies the dollar and Euro are transacted in the trillions. But, Slava Taran, founder of the online trading platform www.libertex.org, believes Blockchain is the future of world currency. He said: «Blockchain technology is the greatest experiment of our times, comparable to the invention of the Internet. It is supported by large American corporations and investors, with full government support. One of its main goals is to create a global alternative payment and settlement system that could naturally replace most payment systems for third world countries, Africa to start with. And can then go around the world, attacking and replacing national currencies. Very few new world countries can afford to have their national currency and an independent central bank. If Bitcoin was not supported at the highest level in the US, it would have been strangled by regulators back in its embryonic stage.»
New crypto on the block Though Bitcoin continues to make waves, since 2015 there has been a new challenger already sprinting at a fast pace out of the starting blocks. Etherium (or Ether) was created by 19-yearold Vitalik Buterin from Toronto. Think of Etherium as Bitcoin with attitude — not afraid to do somersaults, not afraid to
use the full potential of Block chain technology. Instead of only handling accounts and transactions, Ethereum makes it easy to create smart contracts, telling your digital money what to do and when to do it. Let’s assume we are running a VIP Sports Tours Business and we think that if Roger Federer wins one more Grand Slam, he might retire at Wimbledon at the height of his career as the best player of all time. So we want to invest in and design VIP tours around that once in a lifetime opportunity (if it happens!). Wimbledon agrees to sell us Centre Court seats for the Final for Bitcoin if we buy 200 or more seats. A smart contract can be programmed to execute with the following parameters: —If our VIP Tennis Tours Business has a 15 Bitcoin balance in its «wallet», and —if today is February 1, 2018 —if Roger Federer has won the2018 Australian Open Tennis Grand Slam —if Roger Federer is officially listed as entering the draw for the Wimbledon Tennis Grand Slam —then buy 200 tickets for a total of 10 Bitcoin for the «best seats» for the Wimbledon final And so we have a smart contract without lawyers or bankers, and is automatically executed. 200 digitised tickets for 10 Bitcoin if Federer wins the Australian Open and enters the draw for Wimbledon. Ethereum, with its flexibility to operate smart contracts, is a rising star of the crypto currency and block chain world. Closing in on the original digital currency Bitcoin, it has swiftly become the second most valuable of the new payment methods. The value of Ether has increased more than 3000 per cent in the past year, and one Ether is now worth almost 480 USD.
To crypto, or not to crypto We now find ourselves in an era where multiple currencies coexist. Today, there are more than a thousand crypto currencies, each designed for a specific purpose.
Hello Monaco – Winter 2018 / 57