Those who follow the crypto money industry closely, especially on Twitter, Prof.. They know Emin Gün Sirer. To explain briefly for those who do not know, Sirer, who went to the USA in 1989 after graduating from Robert College, studied computer engineering at Princeton University.. He completed his doctorate at the University of Washington.. Professor at Cornell University since 2001. His areas of focus are ‘distributed systems’ and cryptocurrencies.
Early Investor Wins
Whenever there is a technology that can completely renew their trading systems, those who invest in that technology early earn huge sums in the short term. Drawing attention, Sirer said,
“This is how it happened on the internet. There are a lot of people in the cryptocurrency space who make a lot of money very easily and. Of course, it would not be right to care and invest in them.. The time when that early mover had the advantage has passed.. Bitcoin, in particular, now paints a technological picture that is both slow and extremely unstable, like ‘My Space’.. I don’t think that big money can be made from Bitcoin after this time.. On the other hand, you may remember, Facebook came out after My Space and pushed it out of competition.”
“98 percent of these are garbage. Teams are inexperienced, projects are contrived, not based on any significant technological breakthrough, and have zero long-term value.. There are investors who distribute hundreds of thousands of dollars to projects that are not known, almost all of this money will melt.. However, it is still possible for the right investment to return 10,000 times.. Of course, the hard thing is to find it and stay away from other risky investments.”
There Will Be Ups and Downs
Sirer, “Projects are not completed. Even the value of old projects like Bitcoin is based on speculators.. It is very difficult to determine the core values in this field.. It’s no wonder that prices fluctuate in such a speculative environment.” /p>
“This is why it is a reasonable investment strategy to invest in a few but well-chosen projects and make long-term investments, ignoring daily or even weekly declines,” he said.
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We Increased the Speed of Bitcoin
Indicating that Bitcoin can handle a maximum of 3 transactions per second, Sirer said,
“3 transactions per second, approximately the first Bosphorus Bridge in any week. normal speed at the end. At this speed, it is impossible for Bitcoin to even meet the Second Bosphorus Bridge, not to remove all the trade of the whole world.. Our work was on increasing these numbers.. We developed a new protocol called Bitcoin-NG. 10 to 100 times faster than Bitcoin, then we created a person-to-person payment platform called ‘Teechain’, a platform that can be built on top of any crypto currency and can increase the capacity of the underlying system millions of times.
Stolen Crypto Coins Can Be Recovered
SIRER stated that they are working on the security of cryptocurrencies and said:
As you know, hackers target crypto money holders.. It is not easy to hold cryptocurrencies for a long time, the coins are either lost or stolen. With a new system we call the safe, we have developed a system to recover only stolen coins without affecting the irreversibility of exchanges in the system.”
Source: Hürriyet Join our Telegram channel to be informed about all developments and shares!