Connect with us

Bitcoin

Web 3.0 will transform the world, asserts Mike Novogratz during “The Herd Is Still Coming” speech

Published

on

Web 3.0 will transform the world, asserts Mike Novogratz during "The Herd Is Still Coming" speech
Source: Pixabay

Bitcoin [BTC] had maintained its growth with the bull run as the crypto fans rejoiced. Many big names in the crypto verse had different opinions about the world’s biggest cryptographic money, king coin. Galaxy Digital CEO Michael Novogratz said at ConsenSys’ Ethereal Summit that major digital coin won’t change the world as it is only a store of significant worth.

 Beginning with bitcoin, as it started as the first digital currency, Novogratz guaranteed that the coin had truly build up itself as a store of significant worth. Taking note of that he pointed out that BTC’s journey had somewhat completed as far as satisfying its utilization as a store of significant worth. 

Contrasting different digital currencies and synthetic components in the intermittent table, Mike additionally considered the job of altcoins, indicating that each coin will have to substantiate themselves out so as to give a specific use to the digital world. On this note, Novogratz contended said,

 “There’s nobody building anything on the litecoin blockchain, instead of the Ethereum blockchain”. 

These speech raised many questions between the crypto fans as the crypto market promised to deliver good returns in the offing  as revealed by the market pointers. 

He further expressed that rather it is web 3.0 that can possibly change the world. Novogratz added, 

“Web 3.0 envisions a revolution in how networks function and data is treated as it is a decentralized platform to process information. It’s separating data from the processing of it. The investor noted that public ecosystems such as Ethereum and “lots of competitors are all vying for this space.”

Where to Invest?

Subscribe to our newsletter

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.