Professor Emin Gun Sirer States Tomorrows Blockchain Will Not Be Like Todays

Professor Emin Gun Sirer States Tomorrows Blockchain Will Not Be Like Todays

October 25, 2018 Off By Maheen Hernandez

The point of entry into the cryptocurrency world is through the exchange.  Cryptocurrency regardless of good reviews and bad criticisms is taking up the global investor interest by storm.

Cryptocurrency is being considered as a currency of the future.  The two main cryptocurrency exchanges are fiat-to-crypto and crypto-to-crypto.

Fiat currencies are backed by the government.  Exchanging cryptocurrencies to fiat and fiat to cryptocurrencies takes place in the crypto-to-fiat platforms.  The crypto-to-crypto exchange is where one cryptocurrency is converted to another.

When it comes to establishing an exchange, there are many things to be considered regarding regulations and technology.

Different crypto platforms suit different trader types.  Some are suitable for experienced traders, some for intermediaries, and some for experienced.

Safe trading condition is the most important requirements for any crypto investor.  Apart from that, the investors would want to decide trades at their discretion.

Cryptocurrency adoption is seen in every facet of society.  This trend continues despite the bearish trends seen in the market in the past few months.

Top tier universities have been developing their understanding and appreciation of the blockchain technology. Several universities are offering courses in blockchain technology.

Several conservative and traditional institutions are invested enough in this technology, and they are waiting to reap the benefits in the long run.

Cryptocurrency is the technology that is slowly building the future standard of money and the financial system.

There is a lot of open-mindedness among investors to take to the controversial blockchain technology that is associated with cryptocurrencies.

Emin Gun Sirer, Associate Professor of Computer Science, showed up to teach at the Cornell University.  The class about blockchain was meant for advanced students of Ph.D.

Sirer stated, “Usually when you have five to a dozen students at a class, you are teaching a popular class.” However, on seeing 25 students, he was surprised according to Forbes.

He felt it was pretty interesting considering the level of interest shown by the students. The permeability of the blockchain technology into economics, finance, and sociology is pretty visible.

Werbach explained “I think someone taking a bunch of related courses as they’re interested in blockchain are going to get a well-rounded education that will serve them well.  It will be useful even if the industry falls apart.”

A broad and strong base is the right thing.  Overspecialization in blockchain technology according to Sirer can be dangerous.

Sirer when speaking to Forbes stated, “The investment arm of universities is entirely independent of its scholastic mission,”

Sirer further told Forbes. “What we have is an organic decision by the money people and the area is lucrative, comes with staying power. This implies nothing at the academic level.”

Academics might set their ways trail behind the reality by years.

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