How Estonia could bring an end to Bitcoin and Ethereum

Estonian government representatives proposed today to launch their own crypto tokens, possibly becoming the first country in the world to do that. This bold move would bring cryptocurrencies to a new era, also destroying the current Bitcoin and Ethereum and other popular blockchain based currencies on the way. Here’s how it would all roll out…

The value of Bitcoin has been skyrocketing during the past months — it has offered a risky, yet profitable investment model for many. Still, due to the lack of popular trust, they are far from being the global currency you would actually use for daily purposes. But what if there is a solution to solve the trust issue for good?

A few years back Estonia announced its innovative e-Residency program — where anyone around the globe can become the digital resident of Estonia. Before the Estonian e-Residency, there were also other private sector initiatives to offer government related services (like company registration) to Internet users worldwide. But there was one problem — private companies offering public services are always limited by the legislative…