The crypto community lives a historic moment with the visit of the creator of Ethereum, Vitalik Buterin, to Argentina. The Russian-Canadian arrived in Buenos Aires and since then the activity has not stopped. He’s kind of a rock (or maybe soccer) star.
Buterin is a crypto idol. It is the benchmark of a technology that not only has a cryptocurrency such as ether (ETH, the second most important cryptoactive in the world, after Bitcoin) but also allows, through an open source platform, to develop projects ( with smart contracts, or smart contracts) that are the most diverse.
He gave a talk in the auditorium of La Usina del Arte, in the La Boca neighborhood. In front of a fervent audience (the tickets for this event were sold out 10 minutes after being published on the internet), the programmer (despite his shy posture) was cheerful, even funny and verbose.
During the meeting, he highlighted his interest in Ethereum-based projects that create value at a global level. He mentioned Kleros (a protocol for decentralized applications) and highlighted the Proof of Humanity (PoH) project, by the Argentine programmer Santiago Siri, whowho was one of the hosts during the meeting (along with journalist Olivia Goldschmidt).
It is not the first time he mentioned it, but days ago, during a meeting with entrepreneurs and the crypto community, he pointed out that PoH is his preferred Ethereum project globally.
PoH is an identity validation system that associates Ethereum addresses with real, unique and unrepeatable humans in the digital world. For the registration, you have to complete data, be within the Ethereum network, using a wallet like Metamask (and ETH in it) and make a video with a sign of the Ethereum address that has to be validated by the community itself. PoH.
This process can be quick or take a few days. People who complete this registration and are validated receive a universal basic income, through the UBI (Universal Basic Income) token, announced long ago by Democracy Earth
Buterin’s support for PoH is not surprising anyway, as he has his identity validated there. Also, in October of this year, the price of the UBI token rose in value (from $ 0.04 to $ 1.39) thanks to the creator of Ethereum. Buterin had bought 1.87 million units of UBI for a total of 50 ETH. He burned them (that is, those units are no longer in the system) and thus increased their value.
“Proof of Humanity is one of those things that is really important. I think it’s one of the necessary pieces of infrastructure that can make Ethereum kind of a more inclusive place. One of the biggest benefits is that, in the long run, it gives people the ability to get a little bit of crypto every month, just by having a profile, “Buterin noted.
Once the identities are validated, each UBI is automatically issued by each verified human, because this is how it is programmed in the logic of the smart contract of this development, compatible with PoH. UBI is the first token on Ethereum to stream (distribute funds) to wallets in real time. Beneficiaries receive their UBI in the compatible wallet such as Metamask.
“All this makes blockchain applications more accessible, even when it is little money, that you do not have enough for medical coverage for example, it is safe to send some transactions and have that in your wallet,” said Buterin.
For his part, Santiago Siri, an Argentine entrepreneur and programmer (who has lived outside the country for 7 years), told Infobae. “Argentina, with its inflation, with its economic dramas, with its challenges, did generate today one of the most crypto-friendly cities. Vitalik himself in his stay in Buenos Aires looks very surprised, he has commented to me several times. He found himself enjoying a popularity worthy of Mick Jagger. He can’t walk without being stopped for a selfie, or a greeting. “
And he added: And it is part of who we are as Argentines. Beyond the affective, The economic reality of our country made us one of the first nations in the world to take this technology very seriously. This is noticeable in our software developers and it is increasingly noticeable in users. Vitalik’s visit has been very generous, he goes around the world, he is a digital nomad, he does this. He spontaneously wanted to come to Argentina and was surprised ”,
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The preferred project of Vitalik Buterin, creator of Ethereum, is in Argentina: Proof of Humanity