Wozniak sees the future of crypto, China is rating BTC on 13th position!

Written by | blockchain, news, regulations

Wozniak sees the future of crypto, China is rating BTC on 13th position!

Oh, what a day! Read about the Steve Wozniak’s statement about cryptocurrencies and blockchain technology.

What may also be interesting, it’s an official rating of cryptocurrencies provided by China’s Ministry of Industry and Information Technology.  

Steve Wozniak being positive about crypto

Steve Wozniak who is an American investor, programmer and co-founder of Apple Computer Inc. presented a positive statement about blockchain technology and cryptocurrencies at the WeAreDevelopers World Congress 2018 in Vienna, Austria.

By calling blockchain a “great idea”, he also added that it is actually the next major IT revolution. The revolution that is about to happen.

His opinion was supported by the operand that blockchain can be used in many industries, not only in the financial one. Wozniak also thinks that the greatest success achieved by blockchain and cryptocurrencies will be no sooner than in a decade.

As blockchain can be used in many industries, the most significant advantage of cryptocurrencies, especially Bitcoin, is the fact that there is a limited number of available coins. That’s why cryptos, according to Wozniak, should dominate fiat currencies that can be reprinted by banks or government.  

China is rating

China’s Ministry of Industry and Information Technology has decided to rate cryptocurrencies. On May 17th, the Ministry released its official ratings.
There were only 28 cryptocurrencies rated. An online cryptocurrency news account cnLedger reports quoting local media outlet China Electronics News (CEN) the results of the rating. The first place doesn’t belong to Bitcoin. The winning cryptocurrency in China’s rating is actually Ethereum!

 


The next few places are: Steem, Lisk, Neo, Komodo. What may be surprising for some, is the fact that Bitcoin reached 13th position, almost in the middle.

“The results show that the typical representative of the second-generation blockchain technology is Ethereum’s technology assessment index,” CEN wrote.

 

What do you think about Wozniak’s statement? Do you agree with China’s ratings? Let’s discuss!

 

Last modified: May 17, 2018

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