The World Economic Forum (WEF) has released a cryptocurrency community paper. It includes information on how to explore blockchains, teaches crypto glossary, provides basics to get started, etc. Interestingly it also includes a list of cryptocurrencies that have passed a scalability test.
As the WEF politically influential, the ecosystem may interpret this to mean that the centralized entity has chosen its winning cryptocurrency projects which, – if rumors are to be believed – may receive significant support in the coming years.
This paper appears in a moment of contradictory messages among the centralized classic wall street finance and government authorities about cryptocurrency and its future role in society.
WEF Picks Winning Crypto Projects
A sound example would be ECB President Christine Lagarde, who criticized Bitcoin earlier this year for its “funny business” in facilitating money laundering.
Also US Treasury Secretary Janet Yellen emphasized Bitcoin’s limitations as a payment mechanism, as well as its use in illicit financing, much like Lagarde.
Despite all this, the WEF has signaled its approval of cryptocurrency via its latest guide.
This may be positive news! The 22-page report provides practical advice for individuals and corporate professionals on operating with, dapps, governance systems, scalability, and regulatory considerations.
As DeFi adoption grows the way we trade and network changes respectively. It’s a rapid social movement making it more important than ever for technology leaders to be acquainted with these developments.
Some Projects May Gain from WEF Exposure
The report mentions the big two, Bitcoin and Ethereum, as expected. But also devotes an entire section to Ethereum to discuss its programmability and usefulness in facilitating technological innovation.
In addition, in the efficiency and scalability analysis, the report lists six cryptocurrency projects, each with a brief description of their ability to handle high volumes of transactions. The highlighted six tokens are Algorand, Cardano, Celo, XRPL, Solano, and Stellar.
The World Economic Forum (WEF) has attracted the interest of many truth seekers during recent pandemic times. They have their reservations about the WEF’s role in steering the global recovery.
Nevertheless, investors may likely take the WEF’s mention of Algorand, Cardano, Celo, XRPL, Solano, and Stellar as cryptocurrency projects to watch in the future seriously.