Bitcoin bull Tim Draper has named two altcoins in the cryptocurrency markets he is watching due to their strong fundamentals and unique use cases.
In a new interview At Bloomberg Markets, Billionaire Venture Capitalist Says Open Source Blockchain Is Programmable Tezos (XTZ) He has the things he wants to see in a crypto project.
“What I am looking for is who are the entrepreneurs and engineers behind a particular token. I love some of the tokens. I love Tezos because they have a great engineering team, and they have redefined how to run a token. They do it as proof of stake. They use less power, they have a new form of Verdict That’s exciting.”
Draper says he’s also watching Ethereum-based Aragon (“Aragon”).ANT). Aragon is open source software that enables users to build and manage their own Decentralized Autonomous Organization (DAO).
Aragon advanced A decentralized, community-governed court system to deal with self-disputes requiring the judgment of a human jury. According to Draper, this system could “revolutionize the way juries work.”
Looking at Bitcoin, the founder of Draper Associates says that King’s crypto is a great hedge against inflation, and that its protocol provides superior trust and reliability over government entities.
“For investors, I think holding on to bitcoin is probably a good place to be because there are only 21 million bitcoins out there, and they represent the freedom to use them anywhere and trust that you trust the software rather than trying to trust some bank or government agency.”
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