For Blockchain Networks to Run, Cryptocurrencies are Necessary – South Korea Finance Minister

The Finance Minister of South Korea – Kim Dong-yeon, stated out that for the open-source blockchain network idea to operate fully, digital currencies are required as incentive systems for the public to hold:

Blockchain technology can disrupt and revolutionize the world. But, for open-source blockchain networks, cryptocurrencies are necessary as incentives for individuals to participate in the network.”

During a gov-hearing held on Feb 1, Yeon further supported the Ministries bullish...

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