Coinbase CEO told about his vision of the future cryptocurrencies – Bits Media

Coinbase General Director Brian Armstrong presented several ideas, which, In his opinion, will display an industry of digital assets to a new level.

Brian Armstrong (Brian Armstrong) He proposed to create the so -called "Flatcoin" - Decentralized stablecoin, tracking inflation to preserve purchasing power. This token can be provided with a basket of assets or be algorithmic.

Armstrong noted, that there are already services, which could potentially track inflation, To decentralize it even more. According to him, People do not want to spend bitcoins, And stablecoins, secured by state currencies, In the same way they suffer from inflation, Like ordinary money.

Then Armstrong proposed to create a system of "reputation in a chain", with which you can assign a rating to addresses or names of the Ethereum domain name system (TO US), Depending on their activity in the chain. This system can be used to lend and prevent fraud.

Armstrong also noted the potential of “advertising in a chain” - version of the Web3 advertising, Payments in which depend on actions on the network, Unlike Web2 advertising, based on views or clicks. Smart contracts may be involved here with payments, And wallets, which can choose advertising for shows.

Another idea is "Capital formation in a chain", which will democratize the fundraising for startups and ensure the safety of ICO. Armstrong recognized, that the excitement around the ICO has already passed, Therefore, attracting capital still causes great difficulties.

Besides, Coinbase CEO considers it necessary to create a vacancy market in the cryptocurrency sphere, To make people easier to find a job and accept payment in digital assets, Which will greatly simplify the conduct of cross -border payments.

Another proposal of Armstrong was the "privacy for the second level", where private transactions are transferred to the second level, and not placed only in open blockchains. Transaction transaction transparency - blockchain feature, But many people do not want, so that most transactions are open to the public, Armstrong noted.

Recently, the head of Coinbase discussed with the cryptocurrency possible ways, which will help make payments with digital assets instant and free all over the world.