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In defense of crypto(currency)
Article

In defense of crypto(currency)



Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • For Experts

Recommendation

Blockchain detractors fail to consider the business advancements that it has already made, says cryptographer Matthew Green in this full-throated response to crypto critics. While he admits that crypto could use some improvements in coin mining, privacy, cost and other features, Green finds the assertion that the technology holds no promise to be dismissive and short-sighted, and he points to evolving technological developments that could transform blockchain in business. Both crypto enthusiasts and skeptics will find this an enlightening read.

Take-Aways

  • Dismissing blockchain and crypto as commercial tools ignores their potential.
  • Advancements in ledger technology are on track to resolve blockchain’s four most significant drawbacks.
  • Crypto could improve payment technologies.

About the Author

Matthew Green is a cryptographer and a professor at Johns Hopkins University.