Bitcoin has taken the world by storm over the past year, but one of its main competitors is Ethereum.
Ethereum has gained a significant following in the cryptocurrency world due to its decentralized nature, allowing anyone to run a digital currency without the need for a central authority.
But the blockchain itself has also seen a number of problems, including security and the potential for fraud.
As a result, some have suggested Ethereum’s future may lie in virtual currency.
Some believe the Ethereum network is ripe for virtual currency adoption, while others argue that Ethereum itself is a virtual currency and should be treated as such.
But while the world is mourning for 2K-20, a number developers and analysts have been exploring other ways to harness virtual currencies.
Some have suggested a new breed of virtual currency called “cryptocurrencies” as a way to use virtual currencies in a more efficient way.
In an interview with CNBC, Bitcoin Foundation CEO Gavin Andresen stated that there is “zero chance” of a virtual economy in the future.
“What we’re seeing in terms of virtual currencies, we’re looking at an interesting area of innovation that I think could be a great opportunity to see how we can monetize this space,” Andresens said.
“I think we’re all trying to figure out how we’re going to monetize these new technologies that we’ve been building around virtual currencies and I think we have a great idea for a way we can make this work.
We have a lot of great ideas in terms for how we monetize things like bitcoin and other cryptocurrencies.”
One such example of a new type of virtual cryptocurrency, and one that Andreses said is in “very early development,” is a decentralized virtual currency known as Lisk.
Lisk is a platform that allows developers to create and monetize their own digital currencies.
A user can purchase Lisk tokens via a web browser, and then exchange those tokens for other digital currencies, like Bitcoin or Ethereum.
“In the long term, we want to be able to see a lot more of this stuff and how it can be used to create value in the world of digital currencies,” Andre, who has been involved in the Bitcoin Foundation for years, told CNBC.
Andres was not able to provide any further information on how Lisk would be used.
While Andres did not offer specific plans for how Lisca would work, he did tell CNBC that the project has a long road ahead.
“It’s definitely going to be a long time before we have Lisk in the mainstream, and we’re not there yet,” he said.
“So it’s going to take a while to build out the ecosystem and get it in the hands of the masses, and it’s really going to come down to the community building the ecosystem.”
A number of developers have been building Lisk and have already released some versions.
For example, creator Peter Smith is working on a version of Lisk that he is calling “Crypto 2.0.”
But Lisk’s developer community is far from united in their belief that the decentralized digital currency will ultimately succeed.
“There’s a lot going on behind the scenes,” Smith told CNBC, but it was unclear whether the developer community will agree with him on the future of the project.
“The core philosophy of what we’re trying to do is try to create an ecosystem where everybody can contribute and everyone can benefit from the work,” Smith said.
Andre did not specify what that meant for Lisk, but suggested that it will be similar to the way that Bitcoin works.
“I think Lisk can be a very interesting technology for us to experiment with and hopefully see if it can really work,” Andrews said.
But some analysts have also questioned the legitimacy of Liscas current development.
“In some ways, I think it’s like if you look at the current blockchain ecosystem, it’s a very fragmented ecosystem,” Mark Twain said during a podcast.
“We have many different groups of developers trying to build a digital asset that is all over the place.”
Twain is not alone in his criticism of the current state of digital asset development.
In October, Mark Cuban tweeted a similar sentiment, writing, “Blockchain technology has to die.”
The Twitter user also noted that he was looking at the blockchain in terms that were “not necessarily the best.”
“I’m really worried about it because it’s hard to see where it can go,” Cuban told CNBC during an interview.
“The ecosystem is fragmented.
It’s not a really good way to build something.”
Cuban added that “it’s hard for me to imagine how it’s gonna work in a way that is actually useful for the real world.”
Cuban has also spoken about how he sees the future for digital currency, saying that he hopes digital currencies will eventually be “used as a currency in the real economy.”
“I don’t think that the