The second-largest blockchain network and its currency, Ether, are not new to international acclaim. The fact that its performance as a blockchain network and currency is second to none has continually garnered it deserved recognition from world-renowned individuals.
As is customary, the most recent example comes from Argentina’s former President, Mauricio Macri, who praised the technology as the most inventive breakthrough of the century.
Macri defined Ethereum in this manner based on a recent meeting with Ethereum co-founder Vitalik Buterin at an event hosted by The Graph in Buenos Aires to honour the first anniversary of its establishment.
While summarising his meeting, the former President complimented Ethereum technology and its native currency (ETH), stating, “Fascinating encounter with Vitalik Buterin, founder of Ethereum, one of the most brilliant decentralised technologies of our century.” Its Ether currency is among the most valuable in the world. We discuss the role of cryptocurrency and blockchain potential for governments.”
While summarising his encounter, the former President lauded the Ethereum technology as well as its native currency (ETH), stating, “Fascinating encounter with Vitalik Buterin, developer of Ethereum, one of the most brilliant decentralised technologies of our century.” Its Ether currency is one of the most valuable in the world. We talk about the importance of cryptocurrency and blockchain potential for governments.”
One of the web 3 protocols founding members, identified as Lorena Fabris, compared Buterin’s contribution to crypto to that of an Argentine football great in sports. He even stated that his presence at the event contributed significantly to the growing popularity of Ethereum-based protocols in the Argentine community.
According to the evidence available, Buterin’s trip to Argentina was not solely for recreational purposes. According to a recent Chainalysis analysis, the Latin American country is one of the leaders in crypto adoption, owing to its shrinking economy and devalued currency.
The country’s increasing popularity of cryptocurrency is also attributed to rising inflation rates. According to Bloomberg, the country’s inflation rate is around 50%.
Over the weekend, the crypto market fell even more, with the flagship crypto-asset falling to $45k. This does not absolve Ethereum, which has also experienced a drop. Indeed, the second-largest asset by market value began the week badly, with no gain.