Emin Gun Sirer Believes Blockchain of Today Will Look Very Different In the Future

As most of us already know, digital currencies have taken the world of finance by storm over the past couple of years. Regardless of all the criticism that this new asset class has faced recently, there is no denying that they have immense potential to disrupt the way in which our existing banking structures work.

In this regard, it is important to remember that crypto exchanges are the primary means by which one can buy/sell such commodities. Within this, there are two main kinds of exchange platforms that are available to us today:

  • Fiat-to-crypto
  • Crypto-to-crypto.

Also, when it comes to setting up an exchange, one has to bear in mind a host of different things such as existing regulatory limitations as well as technological constraints. Similarly, different crypto platforms are meant to be used by different trader types. For example, some are best suited for novice traders while others are perfect for intermediaries.

On the subject of cryptocurrencies, Emin Gun Sirer, Associate Professor of Computer Science, had a few opinions of his own while teaching a guest lecture at Cornell University. The class was based on the fundamentals of blockchain and was being taught to a group of 25 PHD students.

Sirer started by saying:

“Usually when you have five to a dozen students at a class, you are teaching a popular class.”

Taking about the potential of crypto, he said that the level of interest shown by students towards this particular technological domain has been very impressive over the past couple of years. He also noted the penetration of blockchain tech into a host of different areas such as finance, economics, sociology, calling this feat quite miraculous,

“I think someone taking a bunch of related courses as they’re interested in blockchain are going to get a well-rounded education that will serve them well. It will be useful even if the industry falls apart.”

With that being said, Sirer said that over specializing in blockchain technology “can be a dangerous thing.”

Even though Sirer has remained neutral about the future effects of blockchain technology, he firmly believes that crypto assets are the way to go in the future.

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