The ICO concept was launched

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Money flowed into startups through them — the price of ether soared. Japan approved the circulation of bitcoin — its price also began to rise and pulled other currencies along with it. The positive dynamics of the rate is also influenced by the growth of the ecosystem: more startups, developers, users, points of sale where you can pay with cryptocurrency, more high-quality ICO companies — higher capitalization of the technology and, accordingly, the rate of the cryptocurrency based on it
Martynov noted that mining no longer provides super profits. "I think that mining is a rather unpromising topic in terms of earnings," he said. At the same time, mining digital money is still profitable for users, since the size of the income now depends on the computing power of the equipment (mining farm). This concept is called proof of work.

"In the new concept, which is called proof of stake, the number france whatsapp number list of verified transactions depends on the current balance of the blockchain network participant's account," Martynov noted. In this case, the number of transactions that a user can verify depends on the amount of money in cryptocurrency stored in his account. The representative of the Ethereum Foundation has spoken about the decreasing role of mining before. "I would not look into this topic," he answered the host's question as part of an open dialogue with VEB.


Vladislav Martynov
MEMBER OF THE SUPERVISORY BOARD OF THE ETHEREUM FOUNDATION
Many are calling for us to become the second mining center after China. People who say this do not fully understand where blockchain as a technology is heading and are living in the Stone Age, although we are already in the Iron Age.
Martynov called ICO an effective tool for attracting financing for those companies for which traditional means of attracting investment are not available.

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