IOTA creates Swedish National Crypto? Programmer explains.
E-Krona is a project that is run by the Swedish central bank Riksbanken. Today I want to share with you why the central bank of Sweden is investing in this project and what is the benefits of having a national cryptocurrency from Sweden's point of view. Because it might seem strange keeping in mind that Sweden is maybe the most cashless society in the world.
Why would we need a national crypto at all? Is a rational question.
Let's take a look.
(OBS in Swedish)
https://www.nyteknik.se/digitalisering/har-ar-storbolagens-forslag-till-en-e-krona-6893270
https://www.reddit.com/r/Iota/comments/7r9w67/the_new_swedish_ekrona_iota_link_to_all_33/
Thanks for watching guys 💝
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Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.
Ivan on Tech by Ivan Liljeqvist
Thanks Ivan for the insights directly from Sweden. Always very informative to hear about the news from some one who is local there. 👍
But isn't IOTA a scam? The reason it got hacked in the first place is because of shady seed generators. Even an Ethereum developer said IOTA is a bad actor.
https://www.trustnodes.com/2017/09/27/iota-bad-actor-says-ethereum-developer
IOTA may have some vulnerabilities but Ethereum does as well. Even Vitalik describes Ethereum as highly experimental. It's early days for all these technologies. But scam... No
It wouldn't be fair to put Ethereum and IOTA in the same basket though. What IOTA devs said is on the lines of that bug not being a bug but intentionally put in as a security measure.
Here's a detailed article I read recently on that: https://medium.com/supercryptocurrency/iota-cryptocurrency-is-a-scam-heres-10-reasons-why-ca111de0f19a
So it is all about creating digital cash?
I guess they never thought they would get to a point that they ll be “cashless”
today's content is really interesting sir... I think sir digitalize is good for everyone... 👍
I see the E-Krona happening in the Tangle, specially because a project like Peaq is under development, this would not affect the price of MIOTA but it would strength the network.
check my latest crypto post here: https://steemit.com/bitcoin/@williamcrypt97/why-i-love-these-4-projects-and-you-should-too