""Blockchain is not just infrastructure or technology. It is a long-running experiment in replacing institutional trust with cryptographic systems," said Haipo Yang, CEO of ViaBTC."
""Decentralisation is expensive and inherently inefficient. You give up speed and scalability in exchange for removing reliance on a central authority. That trade-off only makes sense where trust is the primary concern, and that is finance," Yang explained."
""This is why blockchain continues to deliver the most value in financial applications, where security, transparency, and independence are critical," Yang noted."
""From the outset, Bitcoin was designed as a peer-to-peer system for transferring value independently of traditional banking structures," Yang stated."
ViaBTC highlights the evolving role of blockchain in modern finance, emphasizing its function in enabling trustless value transfer without centralized institutions. CEO Haipo Yang asserts that blockchain is not merely a technology but a long-term experiment aimed at replacing institutional trust with cryptographic systems. While blockchain has applications in various sectors, its most effective use remains in finance, where security and transparency are paramount. The trade-offs of decentralization, such as reduced efficiency and increased costs, are justified primarily in financial contexts.
Read at news.bitcoin.com
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