TechRepublic’s Karen Roby talks with a cryptocurrency expert about blockchain, bitcoin, and IoT-connected devices.
TechRepublic’s Karen Roby discussed blockchain with Pascal Gauthier, the CEO of Ledger. The following is an edited transcript of their conversation.
Pascal Gauthier: I think when we talk about cryptocurrencies, Bitcoin white paper in 2008, we’re sort of 11 years after and I think this is still the beginning of a big revolution. Even 11 years after, protocols are still very young. Bitcoin has several contenders, and we’ve seen lately—with the Libra announcements, different stable coins, government coins—that this is just a big wave of crypto that will change the world, and the way that we exchange value., you can cover many things. If we talk about
SEE: What is blockchain? Understanding the technology and the revolution (free PDF) (TechRepublic)
Karen Roby: What are some of the biggest myths surrounding blockchain?
Pascal Gauthier: That it can save the world, and that you can use blockchain for everything. I think this is actually probably the biggest myth. I think blockchains are good for some things, not for everything. Centralized databases have been here and solved many problems. And I think blockchain is one of the elements of a public protocol, and it’s a supplement of Bitcoin for example. So I think behind the word blockchain actually there are many things that we could refer to. So I think the misconception about blockchain is that there is such thing as a blockchain.
We at Ledger, we’re focused on public protocols—this is what we do. This is where we bring…