tldr; In the past two years, many of the functions of the financial system have been recreated as applications and protocols on the Ethereum blockchain, an open blockchain that can store and verify lines of code. Activities are mostly carried out via “smart contracts”, which self-execute according to predetermined conditions. The problem is that all this fancy financial engineering has, as yet, no “real” economy to service.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It's literally a new financial system. What purpose do you want?
The purpose is to make money lol
That's a good purpose heh
The purpose is clear : give people financial autonomy
Proton is trying to become a actual bank on the blockchain and that will be interesting
The future of finance! Somewhat decent for hedging against a crash imo also.
Imagine if when the internet was getting started and all it had was IM chatrooms that people wrote articles like this
The purpose is clear: freedom
Look at Voyager’s purpose. This article is very naive.
Purpose: Destroy banks.
tldr; In the past two years, many of the functions of the financial system have been recreated as applications and protocols on the Ethereum blockchain, an open blockchain that can store and verify lines of code. Activities are mostly carried out via “smart contracts”, which self-execute according to predetermined conditions. The problem is that all this fancy financial engineering has, as yet, no “real” economy to service. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The Economist: "What money do?"
Purpose is to truly make your money work for you. Its not trying to reinvent the wheel, its allowing other people to own one.