Apple Co-Founder Steve Wozniak Talks New Crypto Startup and Blockchain Fascination
Steve Wozniak Set To Launch Crypto Startup Soon
Steve Wozniak contributed massively to the establishment of both Apple I and Apple II computers, working alongside fellow computer guru Steve Jobs. After leaving Apple in 1985, Steve engaged in a number of humanitarian and technological advancement initiatives. Besides undertaking Bachelor's degree at the University of California Berkeley, Wozniak developed the first universal remote and played are a vital role in the introduction of the network.
In an interview at the recently concluded ChainXchange blockchain conference, Wozniak revealed his enthusiasm for digital currencies, especially Bitcoin. Steve said that Bitcoin had captured his attention due to the autonomous nature of its operation, free of human manipulation. He specifically mentioned that Bitcoin has a predetermined supply cap, unlike fiat currencies which are minted every time a man desires to do so. Wozniak also highlighted the decentralization of cryptocurrencies as their strongest aspect.
Moving forward, Steve talked on blockchain technology, the mechanism that drives virtual currencies. Initially, Wozniak struggled to grasp the concept behind distributed ledger technology. However, after continuous reading on the subject, he gradually understood how it works, including processes related to it such as mining and verification. Steve compared blockchain to the advent of the internet, in that it is revolutionary and has enormous potential. To this end, he mentioned the several use cases of the technology, including retail sales, DApps, payments and so on.
Later on, Wozniak revealed that he is on the verge of launching his first blockchain startup called Equi. Unlike other nascent blockchain enterprises, Equi will not introduce a cryptocurrency token accompanied by a dubious roadmap. Instead, the project will offer shares of stock in an existing firm. The project will launch in Malta at the time of the blockchain conference and will be backed by real-world physical assets. Malta is preferred due to its favorable stance towards blockchain technology and digital currencies. In conclusion, Wozniak lauded the Ethereum platform but still maintained that Bitcoin is the king of cryptos.