VeChain CEO, Sunny Lu Updated On VeChain 2020 Project Initiations

Must Read

Is Bitcoin Really Losing its ‘Safe Haven’ Status?

Bitcoin weathering the biggest crisis since the Great Depression, which caused a severe economic crisis in the 1930s. ...

Vitalik Buterin Hopes Bluesky Will Improve Twitter

Vitalik Buterin is impressed by twitter in tackling fake news spread. All though twitter’s architecture is centralised, he...

Ethereum Exchange Balance Reaches Its Maximum After 4 Years

Ethereum, a public and open-source software platform that gives provision to developers to build and deploy applications is...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
VeChain CEO, Sunny Lu Updated On VeChain 2020 Project Initiations

  • 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 Lu, founder and CEO of VeChain blockchain technology opened about his journey so far in the company during an interview hosted by Nugget news titled “VeChain 2020 project update”.

Advertisement

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.

Sunny opened up about Facebook’s Libra cryptocurrency and its related controversies and challenges faced by them from the US senators. This incident seems to be a significant occurrence of 2019.

The senate banking committee appears to be not so clear about the intentions to launch its Libra digital currency. Facebook ordered to clean up its house before the releasing of a new business model.

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.

Hot News

Is Bitcoin Really Losing its ‘Safe Haven’ Status?

Bitcoin weathering the biggest crisis since the Great Depression, which caused a severe economic crisis in the 1930s. Willy Woo tweeted about...

Vitalik Buterin Hopes Bluesky Will Improve Twitter

Vitalik Buterin is impressed by twitter in tackling fake news spread. All though twitter’s architecture is centralised, he hopes BlueSky will add to...

Ethereum Exchange Balance Reaches Its Maximum After 4 Years

Ethereum, a public and open-source software platform that gives provision to developers to build and deploy applications is a decentralised system. Glassnode reports...

Komodo (KMD) Prices Failing To Maintain Sustainability Prone To Pump And Dump  

Komodo prices are reflecting heavy bearish momentum, showing signs for further downfall in the prices of the cryptocurrency as KMD is failing to...

Binance Coin (BNB) Bulls in Action, Resistance Level Of $14.50 In Reach

Binance Coin BNB again acquired positive divergence and showing strong signs that it can gain a crucial price level of $14.50. Prices broke...

Dash (DASH) Rally Is Again Failing In-Front The Major Level Of $70

Dash is unable to commit a sustainable trading pattern between the crucial price levels of $65 and $70. Still, DASH/BTC pair is still...

Partners

Vitalik Buterin Hopes Bluesky Will Improve Twitter

Vitalik Buterin is impressed by twitter in tackling fake news spread. All though twitter’s architecture is centralised, he hopes BlueSky will add to...

Ethereum Exchange Balance Reaches Its Maximum After 4 Years

Ethereum, a public and open-source software platform that gives provision to developers to build and deploy applications is a decentralised system. Glassnode reports...

Komodo (KMD) Prices Failing To Maintain Sustainability Prone To Pump And Dump  

Komodo prices are reflecting heavy bearish momentum, showing signs for further downfall in the prices of the cryptocurrency as KMD is failing to...

Binance Coin (BNB) Bulls in Action, Resistance Level Of $14.50 In Reach

Binance Coin BNB again acquired positive divergence and showing strong signs that it can gain a crucial price level of $14.50. Prices broke...

RELATED NEWS

Is Bitcoin Really Losing its ‘Safe Haven’ Status?

Bitcoin weathering the biggest crisis since the Great Depression, which caused a severe...

Vitalik Buterin Hopes Bluesky Will Improve Twitter

Vitalik Buterin is impressed by twitter in tackling fake news spread. All though...

Ethereum Exchange Balance Reaches Its Maximum After 4 Years

Ethereum, a public and open-source software platform that gives provision to developers to...