Ethereum is an Ideal ICO Platform, Asserts Roger Ver

By Brian Njuguna   Oct 16, 2019 1 Min Read

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During the annual Devcon 5 conference for Ethereum, Roger Ver, a proponent of Bitcoin Cash, noted that initial coin offerings (ICOs) were experiencing a dormant trend despite their fundamentality in connecting investors and entrepreneurs across the globe. 

However, he acknowledged that Ethereum could come in handy in eradicating this challenge because it offers a fantastic ICO platform.

Ver stipulated, “Ethereum is fantastic as an ICO platform. If people want to have an ICO today, Ethereum is a fantastic platform to do it on because you have all this infrastructure already in place.”

He also acknowledged that decentralized finance or DeFi was emerging as a popular platform in the crypto-space. This can be depicted by the actuality that the decentralized applications (dApp) market is worth $500 million. 

Additionally, Ver proclaimed that the functionality of ERC-20 tokens or Ethereum in DeFi was exceptional. Nevertheless, if Bitcoin Cash was incorporated into the DeFi ecosystem, optimal results could be inevitable. 

Ver stated, “you can now make Bitcoin Cash tokens, send them to anyone, anywhere in the world, and then pay dividends directly on-chain to every token holder with whatever address and whatever country they are present in.”

Ver’s notion was that Ethereum could come in handy in revamping the ICO sector. 

 

Image via Shutterstock






About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.




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