Vitalik Buterin, representatives of Binance and Huobi discussed the development of a cryptocurrency market


The "Blockchain Technologies and Cryptocurrencies: Past, Present, Future" conference was held within the St Petersburg International Economic Forum (SPIEF), in which representatives of the main players in the sector discussed the current status and prospects of development of the cryptocurrency market. Reports on it decentralize.

In particular, the meeting was attended by the founder of Ethereum Vitalik Buterin, the financial director of Huobi Chris Lee, the director of development of Binance Ted Lin, the president of Canaan Creative and the managing director of the blockchain platform Vinci Gary Ng.

The representatives of Huobi and Binance have noted the influx of new generation investors in the cryptocurrency market amid the positive dynamics of its growth. According to them, this trend will continue.

In turn, Vitalik Buterin announced the upcoming changes in Ethereum's infrastructure. Thus, he described the transition of the Ethereum ecosystem to stage 2.0, called Serenity.

Note the future transition of the ecosystem to the Ethereum 2.0 Buterin stage announced last year A large-scale update will be preceded by the activation of Casper and the transition to the Proof-of-Stake algorithm, sharding, virtual machine update (EWASM), modification of the cross-logic contract and protocol economics.

In May took place release of the test network for Ethereum 2.0 based on the Casper PoS protocol with support for staking.

In addition, the head of the Chinese blockchain platform VINCI, which recently launched its cryptocurrency, announced the launch of a new generation of VINCI messengers. The new service will combine the functions of cryptocurrency management, business management and daily communication.

As a result, all meeting participants noted that digital currencies have long guaranteed the status of a new generation financial product that is attractive to investors and companies.

Previously, during the SPIEF, the head of Sberbank, German Gref Called Bitcoin transaction tool, not for investment.

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