Prof. Ari Juels, computer science, discusses the impact, technology and regulatory environment of cryptocurrencies. Cryptocurrencies are one of the most notable applications of blockchain technology. He expressed doubt on the ability of current cryptocurrencies to be widely used as a means for exchange. Despite the current controversy surrounding cryptocurrencies, Juels hopes for positive regulation in the future to ensure stability and foster innovation. Although cryptocurrencies are contentious, Juels emphasized the importance of the variety of applications behind blockchain, the technology which serves as a backbone for cryptocurrencies.

Source: Daily Sun February 06, 2018 03:11 UTC