Ethereum update: Skynet Open Network | The World’s First Blockchain Chip
What do you think about this guys?
Apparently it’s the first blockchain chip in the world and it’s coming soon.
“Billions of License Free Blockchain Chips will be deployed to devices around the world and connected by the Skynet Open Network, enabling the real-world infrastructure for blockchain technology while making Skynet the most adopted end-to-end ecosystem.”
We all know that one of the best features of cryptocurrencies is that it eliminates bank frauds which by the way has risen to an increase of 7% by 2016 mostly due to account takeovers. But although this is the case, there are still some fraud and scams that happen in the digital currency systems.
Having said this, do you think that this blockchain chip will totally eliminate fraud or do you think that somewhere along the way, there will be something else that will be invented that will be completely untraceable hence making all transactions completely safe?
I know it’s too early to tell, but your prediction will be appreciated.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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