Every currency in the world — from the U.S. dollar to the Chinese yuan — will have its own cryptocurrency version, the CEO of fintech firm Circle said. “Our view is that all fiat currency will be crypto,” Jeremy Allaire, who co-founded Circle in 2013, told CNBC in an interview on Monday. “It seems inevitable at this point.” Allaire’s start-up offers a blockchain-powered app that lets people send money to each other for free. Blockchain is the public ledger of activity that underpins cryptocurrencies like bitcoin. Circle also has a product that lets users invest in cryptocurrencies like bitcoin and ethereum, and another that facilitates over-the-counter cryptocurrency trading for institutional investors. The $3 billion company is backed by U.S. investment bank Goldman Sachs and Chinese internet giant Baidu. Earlier this year it made its first-ever acquisition, buying cryptocurrency exchange Poloniex. Circle recently said it wants to introduce a new cryptocurrency pegged to the U.S. dollar, called “USD Coin.” The idea is to speed up transactions made with dollars by using blockchain technology — which maintains a continuously growing digital record of transactions — and reducing the volatility seen in most cryptocurrencies. It’s not the first so-called “stablecoin” on the market — other cryptocurrencies backed by fiat have been introduced. The most notable stablecoin is tether, a controversial virtual currency which critics have claimed was used to prop up bitcoin prices last year. Allaire said that Circle’s U.S. dollar-backed crypto would benefit from coming under stricter regulations. The token is being built within an open-source platform called CENTRE, which Circle hopes will be joined by financial institutions and other firms. Allaire said that the aim of the USD Coin was to bring mainstream financial processes into the world of cryptocurrencies and blockchain technology. “Our focus with fiat stablecoins is we really think of it as a core building block for a crypto native global digital economy,” Allaire said. “Our interest is in how do we take all of the tasks involved in the financial industry and move those onto a crypto native infrastructure.” The company is also looking to add crypto tokens for the euro and the British pound.

WHAT IS TRON? In Their Words: “TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.” In Our Words: TRON are aiming to create an entertainment platform that allows content creators full control over their content. Think of a decentralised combination of Netflix, YouTube and the App Store. HOW DOES TRON WORK? The TRON project is an incredibly complex one, we will aim to highlight its key features but encourage you to read their whitepaper and complete further research if you want to learn the more technical details of the project. We will first discuss the TRON token. The TRON Token There are in fact three different tokens involved in the TRON project: TRONIX, TRON Power and the TRON 20 Token; we’re going to quickly outline all three and their uses below. TRONIX (TRX) – This is the token available for purchase/trade on the exchanges; it is required to access the TRON platform and is also used to buy and sell content upon it. TRON Power (TP) – This is essentially locked up TRONIX; users volunteer to lock up their TRX and receive TP in return, as well as voting rights and other privileges in the TRON ecosystem. TRON Power is not tradable and would of course be a long-term commitment. TRON Power is similar to Steem Power used on the Steemit platform. TRON 20 Token – TRON 20 Token allows content creators to create and issue their own tokens, similar to Waves and NEM. The Platform At its simplest, content creators will be able to list their content on the TRON platform and make it available for purchase; this could be music, films, images etc. These transactions will be completed using the TRX token and without the involvement of any fees. The TRON system will also offer incentives to content creators to encourage them to place their content on the platform and help stimulate the TRON ecosystem. Other crypto platforms will also be able to host on the TRON platform while offering their own tokens. Users would be able to transfer these tokens into any other on the platform using TRX as a bridge currency.

#1. Ethereum Explained With ETH making waves these days and more and more good news coming for it people will start to wonder what is exactly the hype. A very good intro guides and You know I love getting new people educated. This is a good start for ETH! #2. The ETHER thief This is a GREAT piece of journalism. It just incidently has a lot to with Ethereum and it’s a history lesson. So much happened before we peaked at this space and I am one to think that we need to know our history if we want to respect our future. #3. Four Years of Initial Coin Offerings ICO! ICOs! SO many ICOS!! That’s what’s Ethereum known for and now you can see how fast it all went BOOM! Love this!

The Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies. Lagarde says the only substantial problems with existing cryptocurrency are fixable over time. For now, virtual currencies such as Bitcoin pose little or no challenge to the existing order of fiat currencies and central banks. Why? Because they are too volatile, too risky, too energy intensive. Virtual currencies could actually become more stable. The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas. Personal Opinion: Governments and Central banks will now surrender easily, they will try as much as possible keeping this broken system of fiat money, but if the blockchain technology is not a revolution what would make Christine Lagarde (Head of IMF) say that cryptocurrency could displace central banks.