SDF Stands for Stellar Development Foundation. In fact, it’s a non-profit organization, which supports the growth and development of Stellar. In this article, we are going to have an interview with Justin Rice and ask him two questions. Justin is the head of Ecosystem at the Stellar Development Foundation. We ask him about the future of cryptocurrency. In this interview Justin speaks on behalf of Stellar developers. It’s notable that Justin holds a Bachelor of Arts degree from Harvard University.
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An interview with Justin Rice; Two questions asked
- How do you see the future of cryptocurrency in 2020/21?
I think that crypto world is still exploring new things and this process takes time. I hope to see more diversity in the market rather than consolidation. However, when everyone is supporting each other they all benefit from.
In my idea the cryptocurrency industry should find new ways in order to collaborate and connect with other industries. But, it’s a bit too soon and innovators need to keep pushing the limits in order to find new ways.
- What do you think will happen to Bitcoin and Ethereum in the next ten years?
There are a lot of criteria, which we should be considered answering to this question. It’s better to ask how would be the world in the next ten years? But, generally, I think Bitcoin still will not be a medium of exchange in the next ten years. The bitcoin network is too slow for this purpose. In addition, the transaction fees are expensive. The Bitcoin mining consumes high energy, so its environmental impact will become unacceptable. In addition, Bitcoin can never cut its relation with illicit activities.
On the other hand, we have Ethereum. The future of Ethereum is really depended on the Ethereum 2.0 success. We did an experiment in Stellar on the Ethereum network. The result was the more transactions push on the network, the worst the network perform. That is one of the major problems with Ethereum network. Ethereum 2.0 focused on improving the scalability. So, we have to wait and see how it will impact the network.