Ripple CTO David Schwartz Explains Challenges of Creating Decentralized Gold-Backed Crypto
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Decentralized gold-backed cryptocurrencies pose significant challenges. According to Ripple CTO David Schwartz, ensuring both security and true decentralization is intricate. Schwartz outlines the potential shortcomings and the complexities involved in creating such a digital asset.
Schwartz emphasizes the difficulty of maintaining trustworthiness and decentralization simultaneously. While the idea is appealing, the implementation has numerous hurdles related to security measures and decentralized control mechanisms.
Kaynak: en.coinotag.com ↗
