- Sunny Lu described the period to be crypto winter due to the undertakings of new changes and developments in the digital platform.
- Sunny opened up about Facebook’s Libra cryptocurrency and its related controversies and challenges faced by them from the US senators.
- Ethereum has been facing a lot of problems currently due to inefficient governance and business model.
Sunny described the period to be crypto winter due to the undertakings of new changes and developments in the digital platform. For instance, VeChain has been focusing on the blockchain applications for the past four years. Major players in the industry regularly face the enterprise.
Critics have voiced scepticism, including the current US President Donald Trump. Many of them have expressed their concerns telling that it would be hazardous to give them a chance to make t with people’s bank accounts. Republican Senator Martha McSally openly said about his shared concerns.
On October 25, president of China introduced a five-year national plan on scheduling and following up of essential developments in the field of blockchain technology with the government.
About Ethereum killers, Lu commented that Ethereum had been a necessary milestone in the industry, but the project, unfortunately, hasn’t put enough efforts to aware people of its utilities. Ethereum has been facing a lot of problems currently due to inefficient governance and business model.
Sunny Lu revealed that they interviewed about 4050 executives from different institutions to know about the kind of facilities that they want through blockchain application, their expectations and forbidden barriers.
He concluded that Ethereum though a mastermind program in its execution, cannot stride forward to achieve mass publicity.