Vitálik Buterin reveals his favorite crypto projects in Argentina

Posted:

December 26, 2021 15:24 GMT

The creator of Ethereum gave a public talk in Buenos Aires this week and was impressed with the number of Argentines involved in the trend.

27-year-old Russian-Canadian programmer Vitálik Buterin revealed this week that he is a fan of several cryptocurrency projects born in Argentina and recognized globally.

During conference that he gave this Tuesday at the Usina del Arte center in Buenos Aires, the creator of Ethereum admitted to being very impressed Cleros, a decentralized blockchain dispute resolution protocol as a third party, and Proof of humanity with your token OR.

Proof of Humanity and Basic Universal Income

Proof of Humanity (PoH), one of the founders of which is Argentina Santiago siri, is a platform designed to create a verified list of humans resistant to Sybil attacks, which are carried out by creating a large number of identities that claim to be independent.

To register, it is necessary to link the virtual wallet and prove that the future user is a real person by submitting a video with an Ethereum address. After entering the platform, it is necessary to deposit a small amount of Ether which is returned once the profile is confirmed, a process that can take several days.

All Proof of Humanity users receive UBI (Universal Basic Income), a platform token with which the authors of the project seek to establish the universal basic income. The first UBI is transmitted to the Ethereum wallet of the confirmed user and then begins the process of its continued accumulation at the speed of 1 UBI per hour.

“Proof of humanity is one of those things that I think is really important. I think it’s one of the big missing pieces of infrastructure that can make the Ethereum world kind of a place. more inclusive“said Buterin.

“If you give people the ability to get even a very small amount of cryptocurrency each month just by having a profile, it makes ‘blockchain’ applications much more accessible,” the founder of Ethereum explained. he sees it as one of the biggest long-term benefits of the platform.

“Here people understand that this is something that solves their real problems”

The trip to Argentina left Buterin in awe of the sheer number of people involved in the cryptocurrency world. “The difference between here and some of the richer countries is that in the richer places there are people who are excited about ‘crypto’ like the idea and the theory, but here people are feeling the real thing. enthusiasm because they fully understand that it is something that solves their real problems ”, he underlined during the conference.

In his opinion, the Latin American country has the ideal conditions to promote blockchain technology as Argentines realize that they have to constantly move pesos “to avoid being affected by inflation“And understanding how money works, they understand the concept of cryptocurrencies.

For his part, programmer Santiago Siri agrees with Buterin and commented Infobae that “Argentina, with its inflation, with its economic tragedies, with its challenges, has today generated one of the most ‘crypto-friendly’ cities”.

Meanwhile, Buterin himself dreams of a world where money and social media are decentralized and maintains that the old world order is already “falling apart because of technology.”