Ethereum co-founder Vitalik Buterin visited Argentina on December 6, 2017 and made a series of statements about the potential for blockchain technology to have an impact in Latin America. What are his goals? Is he going to start working with Argentinean government officials?
The “vitalik buterin net worth” is the question that most people are asking. The co-founder of Ethereum has made a surprise visit to Argentina, and he is planning on making some changes in the country.
Last Friday, Vitalik Buterin, the co-founder of Ethereum, paid a surprise visit to Argentina. The quirky programmer was first noticed in the posh Palermo neighborhood of Buenos Aires, Argentina’s capital.
He was rumored to have lunch the following day with former President Mauricio Macri, who served from 2015 to 2019.
When it comes to Latin America’s crypto revolution, Argentina is one of the most prominent players. But the burning issue on everyone’s mind is whether Buterin’s visit is a good thing for Ethereum.
What was Ethereum co-founder Vitalik Buterin doing to in Buenos Aires?
Buterin was in Argentina to celebrate the first anniversary of the indexing protocol The Graph, according to Bloomberg Linea, the media outlet’s Latin American section.
Buterin mentions the difficulties of managing historical data on Ethereum in a retweet from The Graph. People are coping with the problem, he claims, by switching to The Graph.
“[Based on more than a year’s worth of data]” Today, you could obtain it from Ethereum, but acquiring it from Ethereum is inefficient even today. So folks are still switching to The Graph today, right?”
🔥 Listen to @VitalikButerin speak on The Graph, Ethereum, and Web3 at a @graphprotocol birthday event in South America. https://t.co/nV9ltu1YfV
December 18, 2021 — GRTiQ (@grt iq)
The following day, Buterin had lunch with Mauricio Macri, Argentina’s former president. Macri praised cryptocurrencies in a tweet, describing it as an innovative technology. He went on to say that the discussion focussed on government potential for crypto and blockchain.
“Interview with Vitalik Buterin, the developer of Ethereum, one of our century’s most inventive decentralized technologies.” Its currency, Ether, is one of the most highly valued in the world. We discuss the role of cryptocurrency and the benefits of blockchain technology for governments.”
Argentina has begun to take cryptocurrency regulation seriously.
According to research produced by blockchain solutions provider Triple-A, bitcoin use in Argentina is slightly under 3%, or 1.3 million users.
In Argentina, cryptocurrency has grown in popularity. This is owing to the fact that it provides an alternative to the failed legacy system, especially with regard to the issue of inflation.
The average annual inflation rate has varied from 25.7 percent in 2017 to 53.6 percent in 2019. In the face of an economic crisis and a lack of dollars, residents have increasingly resorted to safe havens, such as cryptocurrencies, to weather the storm.
Previously, the government’s stance on cryptocurrencies was neutral, meaning that authorities did not intervene. However, as bitcoin becomes more popular, things are changing.
The central bank is examining fintech businesses for allowing interest on crypto deposits, according to Forbes.
However, in a slightly encouraging move, the government updated its tax laws last month, imposing a 0.6 percent penalty on bank credits and debits. While this does not relate to bitcoin transactions, it does apply to the on/off scaling process.
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