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Fortunetelling is a cool gift, not one I wish to have anyways. If anyone truly have the ability to predict the future with a hundred percent accuracy…it’s certainly not me, lol. Anyone with such gifts should share a similar position with Elon Musk, financially. Sports games are hard to predict, but the crypto space is multiple folds harder to predict. A fast and steady moving space, a nightmare for anyone with poor risk management habits. One could easily go from ‘genius’ to ‘dumb’ in a few seconds.

When moon? I wish I always knew. Talking about moon; we went to the moon and back in 2021. Those green candles, orgasmic! I for once thought the whole world was buying bitcoin and altcoins only. But still, only about 10% of the world’s population own a cryptocurrency. What about the other 90%?; again, I wish I knew.

2021 was a bliss, personally my (small) investments tumbled many times and for someone who tried out stocks for a short while, it’s amazing to see money grow! No matter how diversified you think your portfolio is; fact is, you only invested in a very tiny number of projects…relatively.

We just stormed past a year that recorded the greatest number of new cryptocurrency projects. On an average, over 20 new cryptocurrency projects came to life daily. MemeCoins majorly, but still some blue-chip projects with amazing technologies.

I’d say, last year was a year of pumps…and dumps. The crypto total market capitalization soared above [] trillion. Jaw dropping when you remember we were way below a trillion. Will we continue to see more greens this year? Again, I wish I knew!

We made a number of Predictions for the last year; like Harry Houdini, we were over 80%. Those were easy guess anyways! Ripple’s court case continues as we enter another year. No end in sight as a matter of fact, but Garlinghouse and his team are looking good on this one.

New year, new expectations, how do you expect things to go in crypto space this year. I’d love to read your predictions in the comments section. Before that, I’ll share mine first.

Big Year for Tether?

Bitcoin’s biggest flex over fiat is its finite supply. There will ever be twenty-one bitcoins; while many argue this, it is a fact. In contrast, fiat in circulation will be on the increase as long the printers work and world’s paper supply doesn’t dry up.

However, the popular argument is that bitcoin and cryptocurrencies’ growth in price is fueled by ridiculous minting of stableCoins pegged to the United States dollar by bitfinex’s Tether. Over 72 billion dollars worth of tether exist. Majority of these were printed over the past few years; during this time, cryptocurrencies’ prices have soared. The strange thing is the obscurity of the backing of these stables produced.

These events have drawn attention of analysts and regulatory bodies. Any well-meaning investor should be concerned as well. With rumours of a pending court case and regulation, 2022 could be a turbulent one for Paolo and the whole Tether team.

Will Ethereum’s competitors do the flippening?

I paid about $80 in gas fees to unstake my tokens from a staking pool. Intially, over $40 was paid to stake these tokens. Approving and swapping them on Uniswap cost another $200. If you did the maths; that’s well over $300. After staking my tokens for a few months at an APR of 25%, I only earned about $600 worth of tokens in reward. Well, call that $280 net profit. America’s ridiculous taxing system isn’t even as brutal as this!

Ethereum is by far the most innovative blockchain projects, other similar projects struggle to catch up with the rate at which new developments come to the smart contract blockchain. Ethereum’s success is getting the better of it.

Similar projects which have managed to develop a way to make fees cheaper are fast rising in value. The ‘ethereum killer’ phrase is as popular as ever. Will we see ethereum lose its position in 2022?

I predict, NO. With layer-2 solutions blowing hot and ethereum 2.0 nearing release, the higher chances is ethereum retaining its position and challenging bitcoin for the alpha position. Becoming number one isn’t a possibility in the near future though.

More new cryptocurrency projects?

The crypto space grows with each new project that emerges, and with each new concept, the scope of blockchain and cryptocurrency applications also widens, this is evidenced in the rapid growth experienced since 2013 as cryptocurrencies have become one of the notable economic disruption of the past five years.

The number of cryptocurrency projects have grown significantly since 2015 and the trend has continued since then. Till date, the number of new cryptocurrency projects have been overwhelming, one could hardly keep track of them, only few of these new projects are currently listed on popular cryptocurrency trackers, in the real sense, there are over ten (10) thousand cryptocurrency projects currently, this number is even poised to get much bigger with time.

Creating and running cryptocurrency and blockchain projects have been pretty much simplified as the technology has continued to grow. We will probably see an influx of brand-new cryptocurrency and blockchain projects this year. And maybe the death of many old ones, who knows…again, I wish I do.

El Salvador will keep smashing it!

A bitcoin city is getting built in El Salvador. Zero taxes…can’t mention all the perks but amazing things have been happening in the central American country since they adopted Satoshi’s technology.

A school built with profits from bitcoin and now a whole city! The whole world continues to watch Nayib and his team; they continue to write their names in history. It’s hard to say what will come their way in 2022, but I predict they will continue to make and finish big moves.

More National bans or acceptance?

Asia and Africa’s biggest nations continue to crack down on cryptocurrency and related activities. The fate of this technology is having a tough war with the centralized government and system. In a few other places, cryptocurrency is getting more accepted. Contrasting events in different locations. How rough will it get for cryptocurrency? More bans or more acceptance? I’ll go with the latter…but hey, it’s only a Prediction.

How will crypto fare in 2021? I wish I could say for sure, that will make me very special…I’m not. But maybe you are, so over to you. Share your predictions for the new year!

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In the era of technological advancements like hyperloop, driverless cars, drones, the election system must be advanced to reduce hassle and improve transparency as well as the participation of voters.

West Virginia became the first U.S. state to enable internet voting with the help of Blockchain technology in primary elections. While the voters’ participation was less, but the purpose of administrators was solved. They aimed to test the technology in a pilot project and explore the pros and cons of Blockchain technology in election systems.

In this article, let’s discuss how blockchain technology can evolve election systems.

Challenges In Election System | Blockchain And Election Transparency

Election-related processes are still a paper-based system in most countries, leaving open huge security holes that could contribute to fraud, corruption, and even invite interference from nation-state-backed hacktivists.

The protection of election processes includes security of registration database, voting machines, systems reporting & displaying voting results, and critical voting infrastructure from cyber attacks.

Elections are under peril from wicked actors that can infiltrate voting machines, reconstruct voter registration databases, coordinate fake campaigns, and more.

Blockchain technology could help in reinventing the election system. Let us discuss the major challenges in the system:

Before Election

Dissemination of Fake News

Before the voting, dismantled opinions spread through various media especially social media in form of fake videos, voice notes, and many more. Due to these targeted disinformation campaigns, voters face confusion in discovering fact-based sources and explicitly notifying their vote. Digital hoaxes spread in the pre-election stages have a profound effect on the outcomes of the election.

Hacked Registration Database Of Voters

The ability and civic duty of citizens to vote gets affected after the attack of the registration database of voters. These databases often contain personally identifiable information like names, addresses, phone numbers, and more. An attack that destroys an entire state’s registration database could slow or even stop an election process. Hackers sell the data online in prohibited black web markets or utilize it to target voters with disinformation and evangelism.

During Election

Hacking Of Voting Machine

At the time of the election, hackers could temper results after exploiting the vulnerabilities in the machinery of voting systems. If the voting system digitally depends on any device, then it is vulnerable to cyberattacks or hacking. The major problem of the digital system is that threat is not associated with a single system but with an entire class of systems involved in the voting process just by attacking one point of disruption, thereby affecting millions of votes at once.

After Election

Misleading Election Reporting System

Researchers at the Belfer Center of Harvard advocated that once the news related to outcomes of elections, attackers might manipulate the data and trick the news into announcing the wrong winner.

The election system is tainted even in advanced democracies with accusations of fraud or external influence and the application of technology to eliminate rigging.

Blockchain And Election Transparency

Electoral committees all across the world are considering blockchain technology as a solution to ensure election integrity and promote confidence in elections. Blockchain voting use-cases continue to captivate the attention of media due to the advantages like security, transparency, and efficiency of a distributed ledger.

Before Election

Verification By Cryptographic Techniques

Cryptographic techniques ensure the security of the Blockchain network and accountability of the source of digital content. Voters must trust the media marked with a unique cryptographic identifier as it can justify the origin of media after cross-referencing with immutable records on a blockchain.

Deploying a blockchain system for media verification in coordination with the government and non-governmental institutions can improve transparency at the pre-election stage.

Blockchain Voting With Mobile Apps

Infidels advocated that internet voting is insecure and that mobile superimposes layers of complexity which can further disintegrate the security and transparency of the election process. Defenders of mobile voting suggest that making elections available via mobile devices secured with blockchain technology could increase the participation of voters.

For instance, Voatz app practices facial recognition to verify voters’ identities, compliant with West Virginia’s laws. Polled votes are saved on the blockchain, inside the “digital lockbox” in the cloud which is made extra-tamper-proof via immutable distributed ledger technology. On the day of the election, county authorities can unlock and collect the votes for tabulation.

Startups developing blockchains for elections include Votem, Follow My Vote, Votebox, and XO.1.

During Election

Digital Identification

Blockchain technology works on the decentralized model of consensus mechanism where the participants connected to the network authenticate the transactions.

Blockchain technology could help in the management of voter identities with the permissioned distributed ledger. Blockchain election systems require a combination of identity data like government-issued IDs and biometric data gathered during online registration for matching a voter with his or her digital identity in a government voter registration database. The government can designate a consortium of universities, non-governmental organizations, and others whose consensus authenticates identity and manages which voters can vote.

Beyond the secure database use-case, mostly blockchain elections with extra layers of technology can efficiently validate voters’ identity, retain ballots secretly, and let voters track and validate votes.

After Election

Audit Mechanism

Blockchain technology also extends voters’ transparency. Given the anonymous nature of blockchain, votes can be tracked, counted, and compared with various sources while maintaining their privacy. As blockchain records are immutable, any vote cast would not be subject to deletion. Instead, auditors could confidently count and verify all votes.

A blockchain voting system would also offer an encrypted result system to encourage transparency and maintain privacy.

With a public blockchain, it would permit every voter to audit each ballot to verify that reported polled votes are correct, without disclosing the identity or vote choice of each voter.

Blockchain voting startups Votem and Voatz offer systems that allow voters to verify their votes. Voters cast ballots and get QR codes attached to their votes. By scanning the QR code with another device, voters can convince themselves that it properly recorded their vote.

Summing Up

Using blockchain for elections is worth more than just an experiment.

• Accessibility for citizens to vote while abroad, irrespective of the distance and time can be increased.
• Election commission can sustain transparency in the electoral process,
• Reduce the cost of conducting elections, streamline counting votes and guarantee that all votes are counted.
• All data of the election process can be recorded on a publicly verifiable ledger while keeping the anonymity of voters.

In the future, we could see security experts and election officials gather to develop election infrastructure and processes that would be based on Blockchain technology.

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The future of finance.

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

Source: Investopedia

Decentralized Finance was a term given by a group of entrepreneurs and Ethereum developers to bring the concept of “Open Financing” to the masses. DeFi was made to remove any intermediaries for transactions. In this case banks and the government. This would allow transparency, security, and speed with which the transactions occur.

The major downside of Centralized Finance is that the government has the right to control the money. They can print as much as they want, charge taxes, and even make laws that may or may not affect your money management structure. International transactions are heavily taxed, loans are given at higher interest rates and you are even checked if you move a large sum of money from one bank account to another. Well, this is an old-fashioned way of financing, which might just be replaced by DeFi. This is because when everything would be done in a P2P network with the help of cryptocurrency and blockchain then the authority that would control your payment structure would be a smart contract. More on that later.

Decentralized Financing requires stable coins. Stable coins such as USDT, USDC and more are coins whose value is tied to the US dollar. This means they are the crypto equivalent of USD. The reason why they are so popular is that you can move millions of dollars from one wallet address to another by just paying a very small amount of transaction fees and also without losing value.

Decentralized finance also helps you take loans at cheaper interest rates thereby staying anonymous with the help of smart contracts. Smart contracts are lines of codes that act as a government to blockchains. They are meant to perform a function with 100% transparency and even voting mechanisms. These smart contracts allow to borrow and lend cryptocurrencies in form of loans and are written in a way that if the person runs away the lender still can get their money back. This is also useful as the lender can be from any part of the world and also can make their lending rules to work with.

DeFi also gives birth to Decentralized Exchanges. These benefit from being independent and not being controlled by any regulatory authority. You can move billions of dollars from one wallet to another with the help of smart contracts. Decentralized exchanges like PancakeSwap and UniSwap have hundreds or even thousands of cryptocurrencies to trade, thereby giving freedom to the investor to decide when to deposit and withdraw their funds. Centralized exchanges have limitations on transactions because they have an overlying authority or government. So they have to think about adding new tokens to their exchanges as they have to go by the law.

Conclusion

DeFi is still at its early stages and the project needs to tackle a wide number of problems to overcome traditional financing in every possible way. But still, this project seems to have the potential to revolutionize how the financing works in which pieces of code would be the laws. Platforms like AAVE have already made groundbreaking records for lending cryptocurrencies at cheaper prices compared to what banks charge is astonishing. Margin Trading and Insurance are also possible through DeFi protocols. As these platforms are built on self-executing smart contracts more options would be created sometime in the future and they might just open more opportunities for the public.

What is Web 3.0?

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The whole world is now chanting about NFTs, which have been serving all the cryptopreneurs with an unblemished fortune. Soon, the whole digital space would be taken aback by resilient digital assets. But, if you too have been exploring to get ahead with the white-label NFT marketplace development, then this blog is a treat to all the budding entrepreneurs. Without further ado, let us take a dive into it.

Reminiscing About NFT And Its Advancements

If you have been wondering about NFT’s existence and their role in the digital space? Let me enlighten you right away.

In general, NFT is an abbreviation of non-fungible tokens that can be digitally traded only on the NFT marketplaces. These digital assets are minted and tokenized as unique and distinct NFT tokens and sold out to the crypto enthusiasts. The core specialty of these non-fungible tokens is that it provides the creators with credibility for their creation. Apart from this, the creators/artists gain a profit and magnificent recognition from all parts of the world.

The first emergence of NFTs goes back to the year 2014 when a man named Kevin Mccoy minted his non-fungible token. It is none other than the “Quantum” — a pixelated art in the form of an octagon filled with specifying circles, arcs, and other different shapes that are pointed towards the center. In addition, it has larger shapes that are surrounded by the smaller ones, hypnotically palpitating in fluorescent luminosities. As of now, the rare and unrivaled “Quantum” art piece [2014–2021] is on sale for nearly seven million dollars.

Without further delay, the crypto arts started to emerge as the finest digital assets, and these arts gained a massive reach due to the attractive and creative designs, effects, and so on. Therefore the journey of NFTs began with the artists who started tokenizing their digital assets. Apart from artists, other people can also efficiently mint their rare collectibles.

For instance, people from various spheres like art advocates, corporations, authors, videographers, social media personalities, or anyone from artists to cryptoprenuers. This made these processes more convenient and possible for the users from worldwide.

The Essence Of White-Label NFT Marketplace

Let us assume that you are drawn towards the flourishing NFTs and desire to step ahead into the massive universe. In this case, considering a white-label NFT marketplace solution will help you to create a user-friendly digital collectible platform. This white-label solution is a replica of the existing platform with your unique brand name and logo.

The NFT platform that you are ought to create will provide you with the same functionality as the existing platform. Thereby, every budding entrepreneur prefers these efficient ready-made solutions to start with their crypto business.

Likewise, through this solution, time and money consumption is much less when you intend to start from scratch. So, who would love to choose the instant solutions? To be much more clear, these white-label marketplaces have been vital for all the budding entrepreneurs to venture into the lucrative crypto space.

What Is The Core Functionality Of White-Label NFT Marketplace Solution?

First and foremost, through your white-label NFT platform, creators and artists can efficiently utilize it to mint, bid, buy, sell and trade digital assets. This completely works on a decentralized network, providing the crypto users with a transparent, quick transfer of the crypto assets. The process involved in this white-label NFT marketplace solution is very simple as it is equivalent to erasing off the existing brand’s name and logo with the client’s brand name and logo.

The complete source code will be available through this solution, and required softwares, features, and functionalities will be altered based on each client’s requirements. So, the white-label solution is a complete pack of ready-to-use solutions, and on the other hand, there is an option to develop an NFT marketplace right from scratch. But still, the work does not end because you need to be cautious about the features and other technologies you incorporate within your ready-to-launch solution. We shall then proceed on to the requirements of white-label NFT marketplace development.

White-Label NFT Marketplace Development — An Unrivaled Insights

Like mentioned above, you will require basic and also elite features that will attract your users from all parts of the world. In addition, it will help you to uplift your crypto business in the competitive market. A few notable things that are mandatory in the development of your seamless NFT platform are listed below,

• Firstly, entrepreneurs like you must determine the blockchain network that you intend to build your NFT platform. Along with that, you can consider the token specifications.
• Secondly, it is essential that you feed in your NFT platform with ample features that will enrich the functionality of your platform. You can have a keen study into the desirable features that would people prefer and aim to provide the digital collectible focussing on your targeted audience.
• Thirdly, you must strive to have a user-friendly interface on your digital collectible platform, and the interactive UX/UI can be efficiently customized as per the user’s requirement.
• Moreover, the digital collectible platform is built with a crypto wallet that makes the transaction of the cryptocurrencies more quicker and in a secure way.
• Once the necessary requirements for your NFT platform are incorporated, it is ready to go for testing and detecting the bugs on the platform. After everything is successfully completed, your white-label NFT marketplace is ready to get launched.

Monetizing Ways With White-Label NFT Platform

So, what are you seeking for? Without further delay or second thoughts, you can right away venture into NFT space. By the way, why don’t you take a glance at its multiple ways of generating revenue?

• Commission Fee
• Advertising Fee
• Auction Fee
• Listing Fee

Are NFTs Going To Rule The Virtual World?

It has been predicted that NFTs are going to take over the digital space for another few decades, and it is time for you to brace yourself to step into the astounding NFT space. So, get along with the other competitors and witness an instant growth in your crypto business.

Winding Up

In conclusion, I hope this whole blog has enlightened you about the importance of the white-label NFT platform development. It is time for you to strike into the crypto space with the resilient solutions. Before you hop onto blockchain development firms have a deep understanding of the NFT market to compete with other competitors.

A Master Key To Proceed With White-Label NFT Marketplace Development was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Cryptocurrencies represent far more than speculation and decentralization, they represent the potential discourse of democracy.

Nestled in the picturesque snow-capped mountains just outside of Bern, Martin Keller reviews the next series of referendum’s that he will have to vote on in the coming weeks, with topics ranging from a national electronic ID to a so-called “burqa ban” that would prohibit face coverings.

Like many Swiss, Keller is well read, stays apprised of the myriad issues that concern the small, prosperous country of Switzerland and gives considered thought to how he will vote in the upcoming series of referendums.

With the most pervasive system of referendums anywhere in the world, Switzerland is as close as it gets to “direct democracy” where citizens vote directly on policy issues rather than electing delegates to decide.

In most every other part of the world that practices some form or other of democracy (it’s a sliding scale), democracy comes in the form of “representative democracy.”

The argument for a representative democracy is simple — it’s just more efficient to have a group of representatives (hence the term “House of Representatives”) who will hopefully vote on issues, develop policies and create laws that will govern society based on the views that best reflect their constituents.

However, the application of representative democracy has had a patchy track record at best, and is often susceptible to private capture — where the rich and well-connected are able to exercise an outsized influence on lawmakers for their own agendas.

Directing in Democracy

The Swiss system of direct democracy dates back to to the origins of the modern state in 1848, when the country’s relatively autonomous cantons decided to come together to form a federal republic.

Because Switzerland consists of multiple rival factions, with differences in language and religion, direct democracy was officially incorporated into the federal constitution in 1874 — with referendums becoming a way to get a fissiparous population to create a functional and modern central government.

But Switzerland is the exception rather than the norm.

https://medium.com/media/58512d45929cd9295af0c2d56a62d770/href

Given its small territory, “direct democracy” was logistically less challenging than say in a country as vast as the United States of America and critics say that having the populace vote on everything from the sublime to the ridiculous would lead to legislative gridlock.

Yet looking at the parliaments and assemblies of major democracies today and it could be said that gridlock has increasingly become a feature, rather than an unexpected outcome.

Part of the reason of course is that as countries grow and people become more (or less) informed by the free flow of information, disparate interests, agendas and lobbies start to gum up existing democratic institutions.

It is not without some degree of irony that U.S. President Joe Biden’s economic agenda recently hinged on the views of just one senator from his own party.

But such are the idiosyncrasies of democracy, warts and all, which is why United Kingdom Prime Minister Winston Churchill once famously remarked,

“Democracy is the worst form of government — except for all the others that have been tried.”

Churchill uttered these words after he had led the U.K. out of the Second World War and had then been unceremoniously voted out of the premiership immediately thereafter.

But Churchill’s words reflect his respect for democracy and demonstrate his magnanimity in seeing how the institution is greater than the man.

Unfortunately, representative democracy from the time of Churchill has actually brought into sharp focus the weakness and lack of representation, rather than any meaningful increase the democratic share of voice.

It is in this respect that technology may provide a solution.

Technological Democracy

While the so-called Constitution DAO (Decentralized Autonomous Organization) ultimately failed in its attempt to purchase an original copy of the United States Constitution, it demonstrated the power of an autonomous, internet collective, inspiring admirers and copycats alike.

Near the edge of Yellowstone Park in Wyoming, another DAO, CityDAO has successfully mobilized in under four months to buy a 40-acre plot of land in Park County, Wyoming, on the fringe of the Montana state border.

CityDAO has no official leader and its members organize themselves using the chat app Discord and every major decision must go up for a vote.

https://medium.com/media/93f2ce7d77cad74d074b38b600453581/href

With 5,000 members, CityDAO seeks to lower the costs of property ownership and is developing new systems for public finance, all using the same technology that powers cryptocurrencies.

CityDAO is just one of the more visible examples of hundreds of other decentralized autonomous organizations, where interested constituents can band together to pursue single or multiple purposes, from governing open-source software programs or buying real-world assets.

Key to some of the efficiencies when it comes to managing a DAO is that no messy votes need to be counted by hand, there aren’t any hanging chads and allegations of voter fraud are irrelevant because every vote is stored and logged on an immutable blockchain.

https://medium.com/media/603aac353c150e6df2235870a7df7f7c/href

Whereas direct democracy is often criticized for its inefficiencies, DAOs like the CityDAO show just how quickly things can get done and reflect a future where software code plays a larger role in governing large organizations, like a country or multinational conglomerate.

Given that a single shareholder or citizen can hardly be said to steer the course of democracy, DAOs provide for the prospect of greater democracy through increased participation and ironically, more representation than a representative democracy.

The Democratic Republic of DAO

It has been said that the irony of the United States is that Americans demand democracy in the public discourse, but accept dictatorship in private corporations.

With dual-class shares, where founders are often able to wield outsized influence over the direction of their companies despite holding a minority stake in their firms, the idea of a minority shareholder having their interests represented and protected is somewhat naïve.

Which is where DAOs may provide a path forward.

https://medium.com/media/047bddbb7ee8acaef711ae29b70da39e/href

While DAOs take on many forms, they are typically governed by smart contracts that automatically execute transactions when specific conditions are met — e.g. purchasing a plot of land when sufficient votes have been received.

DAOs are very much in their infancy at the moment, with just US$12.1 billion worth of cryptocurrencies in deposits and around 1.6 million members in groups tracked by data service provider DeepDAO.

But their potential for expansion to many aspects of human society remain significant.

The state of Wyoming, which was the first to develop the limited liability corporate structure and arguably created the legal vehicle for entrepreneurship to flourish in America, recently passed legislation that allows for the formation of “DAO LLCs” which are managed entirely by smart contracts.

And since the passing of that legislation, over 110 entities have since registered as DAO LLCs in Wyoming, with CityDAO being one of them.

Built atop the Ethereum blockchain, members of CityDAO must purchase one of 10,000 non-fungible tokens (distinct, unique tokens on the Ethereum blockchain) to take part in discussions regarding the acquired land, and are able to sell their NFT at any time should they want out.

While CityDAO NFTs do not give their holders a direct stake in the physical land or the rights to any income, it lays the groundwork for other types of DAO-led democratic institutions, key among which is software.

Whereas tying the blockchain to physical assets like land requires the acquiesce and sanction of lawmakers and governments, software, in particular decentralized software, does not.

Decentralize This

Because search engines and social media platforms don’t ask users for their opinion on just how the mountains of data and content that they create and contribute should be organized, disseminated or exploited, decentralized equivalents could potentially fill that role.

https://medium.com/media/e65f19bb4f533f9ef8273e25a48d0ad1/href

Token holders of decentralized search engines, social media and every other form of digital service that has become so integral to modern life could pave the way for users to receive a more representative experience with otherwise centralized platforms.

Considering that the average CEO in the U.S. in 2020 earned 351 times the average worker’s compensation, there is plenty of scope for a far more redistributive, participative and representative form of corporate governance, all of which could be facilitated by cryptocurrencies.

The cantons of Switzerland became a country only in the late 13th century, borne out of necessity as a defense against the rising Habsburg dynasty and forged a representative democracy to prevent disparate interests from tearing apart the nation.

Just as Switzerland has created a “national identity” out of its disparate parts through direct democracy, cryptocurrencies and blockchain could of necessity become the indispensable tools that help to refocus representative democracy to reflect the aspirations of the very people it seeks to represent.

To add to Churchill’s wise words, because democracy may be the “least worst” form of government, it can only be improved upon by facilitating more of it.

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