Algorand Creator Predicts What Will Happen to Industry in 10 Years
In a late interview with the Los Angeles Times, Italian computer scientist Silvio Micali, who founded the proof-of-stake cryptocurrency protocol Algorand, predicted that traditional finance may start getting on the blockchain 10 years from now.
Read Also: Pro-Crypto Candidates Won Senate Primaries in U.S. Here's Who They AreHe believes that only those blockchains that are capable of handling high transaction volumes at a low cost will emerge as the winners. Bitcoin, which he compared to a "Neanderthal man," may also remain relevant, but it will be used solely as a store of value, according to Micali.
The computer scientist, who received the Turing Award for his contribution to cryptography back in 2022, believes that Algorand represents the fourth generation of blockc...