The crypto industry has grown significantly over the past two years, growing from a valuation of $ 200 million to over $ 2.9 trillion. This growth is based on four major factors.
Institutional funds embraced Bitcoin and the decentralized economy, the development of decentralized finance – DeFi – more apps, more technology and more users than ever before, the launch of super-fast smart contracts like Solana alongside solutions scalability for Ethereum like Polygon, Arbitrum and Optimism.
And the adoption of smart protocols allows NFTs to engage in art and games.
On December 16, 2021, the Israel Crypto Conference took place in Tel Aviv with over 650 attendees at a sold-out event.
The event brought in the main crypto technologies and we spoke with them about the ecosystem, Israel has become a major player in creating technologies for the crypto industry.
A conversation with Mark Smargon, CEO of Fuse.io
What was the key problem that Fuse wanted to solve when you started out?
Mark: We launched Fuse in 2019 after making several milestones in the blockchain world since 2013. We thought Fuse was necessary because the technology was exciting, but no one focused on applying it to non-technical users or to investors. We believe that in the future people will use open source technology without permission behind the scenes of our daily lives.
It’s hard to see today because the technology is new, but applying it to use cases like payments is badly needed, especially in places that primarily use paper money. Fuse wants to build a payment infrastructure that is borderless and offers lower barriers to entry for consumers and merchants, as well as the businesses that operate these services.
What do you see during the next big development push in the crypto space? What are people building?
Mark: We’re excited to see more and more “sharing economy” business cases that exist around the world like Uber, Airbnb, Deliveroo, etc. merchants.
We believe the internet has not finished disrupting these industries and with Fuse technology behind the scenes, users could be doing everyday things like ordering food delivery or listing an item in a marketplace. opportunity without paying a 30% middleman.
Quick chat with Nimrod Lehavi Founder and CEO Simplex
Why is your company’s work important for adoption?
Nimrod: Simplex aims to change the status quo of the current crypto markets by providing a simple, transparent and secure solution to convert over 110 fiat currencies into over 100 cryptocurrencies. We enable our partners to offer the widest range of payment methods to their users, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, as well as allow users to spend their crypto earnings in the traditional way – withdrawal of ATMs, online payments, in-store purchases, etc. 2. What is the
The biggest problem holding back crypto adoption, from your perspective?
Nimrod: It’s still a common notion that crypto is far too complicated for the average person to use or understand, and part of Simplex’s mission is to change that with an even more streamlined UX for anyone joining the ecosystem. growing crypto. We intend to drive adoption further by supporting our partners’ users with all possible payment methods, increasing authorization rates and keeping transaction costs to a minimum.
Asaf Orpani, Founder and CEO of Arkhivist shares his vision
Tell us why you started Arkhivist.
Asaf: While working as a security researcher at a web security company, I spent a lot of time maintaining the web application firewall. Real-time anomaly detection technology like a firewall was something I considered a commodity. When I dove into the DeFi world I was shocked that no such technology was implemented and so this is the first thing I started working on.
How to reconcile response to threats and client autonomy? Is it viable to get a client to approve fund protection the moment a threat is detected by your platform?
Asaf: That’s a great question because it’s a topic we pay a lot of attention to. Together with our first clients, we are working hard to understand what the policy should look like regarding when to exfiltrate funds or when to let them be. I have noticed that in native crypto funds, large or small, the approach is “better safe than sorry”.
It’s best to let the platform automatically exfiltrate funds when it suspects that something bad is about to happen. Even if it was a false alarm, you can still put your money back to work.
Can you tell us why carbon negativity with your blockchain was important when building Algorand? and what will sustainable blockchains become more important as the space expands?
Asaf: Algorand was built as a green blockchain with a focus on environmental impact from the start. The founder of Algorand, Silvio Micali, explained in 2018 his interest in sustainability for our planet with a new generation technology. With its unique consensus mechanism, Algorand is much more energy efficient than other blockchains and goes further by offsetting its low carbon footprint in partnership with ClimateTrade.
“While some blockchains consume as much energy as a small country, Algorand consumes up to 10 homes. Being green is our pride and our moral obligation. The less privileged are the first to suffer from environmental degradation – a bad blockchain for the environment is a bad blockchain. Period, ”said Silvio Micali in a recent speech.
“Our team has the big picture and everything we do is focused on creating sustainable and lasting value. Therefore, sustainability is essential – from a technical, business and environmental perspective, ”says Shamir Ozery, Director of Marketing Programs at Algorand.
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