Despite the emergence of new technologies (both information — data transfer — and financial — blockchain and cryptocurrencies), the world of modern finance is still characterized by isolated networks for creating, storing, transmitting and exchanging values. But why, having entered the era of fast, easy, effective and cheap information exchange (the internet), have we still not entered the era of the Internet of Value? What’s the problem, and is there any new technology that could contribute to its solution?

Over the past two decades, we have witnessed the explosive development of information processing and transmission technologies that have revolutionized many aspects of human life, including the economy, as well as our daily lives. …

Layer 3 development is the next step for blockchain

Blockchain incompatibility has prompted the idea of Blockchain is one of the most over-hyped technologies in recent years. It suffers from serious teething problems, to say the least. After showing promise being able to overhaul the top-down model of relationships, implementable decentralized solutions in the real world…

‘Trustless’ has become a rallying cry for evangelists, focusing public attention on the fact that Bitcoin enables P2P transactions without the participation of a trusted third party acting as an intermediary.

Bitcoin makes it possible to conduct money transfers without intermediaries. Intermediaries who could otherwise gain control over funds…

In this article, we will look at the rapidly emerging P2P lending market. We’ll explore some decentralized blockchain-based credit services (SALT, ETHlen, etc.) and compare them with decentralized credit networks. We’ll consider the advantages and disadvantages of these approaches in maturing and extending the P2P lending concept, and taking advantage of an increasing network effect.

But we’ll begin with a brief overview of…

What is traditional P2P lending?

Peer-to-peer lending (crowdfunding) is an alternative financial system, the essence of which is to provide individual lenders and borrowers with a way of lending money to unrelated persons, or equal parties, without involving a traditional financial intermediary.

This method of individual lending…

Evolution of Monetary Functions in the Context of Their Specialization

In our previous article, we examined in detail the history of . We discussed the gradual abstraction of the measurement of value, moving from a physical medium (material carrier) into pure information expressing value.

We actually concentrated mostly on the first…

Max Demyan

CEO at @geo_protocol • #crypto #entrepreneur since 2015 • Working on Decentralized p2p protocol for values exchange •

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