Deputy Prime Minister Maxim Akimov: the ubiquity of the blockchain too

On Friday Deputy Prime Minister Maxim Akimov saidthat the Russian government does not intend to ban cryptocurrencies, however, are preoccupied with the safety of users. Now the politician added that the ubiquity of needless blockchain technology uses excessive processing power. This writes TASS.

Regulation of the blockchain in Russia

According to Akimova, it relates to a technology of a distributed registry with great caution.

It seems to me that these peer-to-peer system is appropriate and useful where required to have a high degree of confidence of the participants, where there is no arbitration of the arbitrator, where required very dense and independent identity of the sequence and content of registry records. But it’s very few of them. It is unclear why in a hierarchical system where there is, for example, the sovereign, who certifies the record, there is the blockchain. Structurally I think we have to clearly relate. Not everywhere where there is a database, there must be a blockchain.

Speaking about the prospects of digital money, Governors have assessed them as “very calm.” According to him, the market will gradually cool down the interest in the coin in the long run will decline and ultimately disappear.

From my point of view, very calm prospects. The market will cool down. I’m waiting for some cool offers and technological, and financial in this market. And the transition to such a segmented existence.

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0 Comments on “Deputy Prime Minister Maxim Akimov: the ubiquity of the blockchain too”

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