“The blockchain is more secure than banking”

Technology is changing everything. The financial system is facing a new paradigm. The world of money is evolving. To understand the new economy, 11Onze presents Fintech Talks. In the first talk we discussed cryptocurrencies, with a presentation by Raul Arribas, CTO of 11Onze. 

 

It is very important to understand and educate yourself in order to be able to make better decisions”, Arribas says. In the case of cryptocurrencies, explains 11Onze’s CTO, we must bear in mind that, as it is a very new asset and, therefore, is still looking for its price, and many people use it to speculate. “But, really, this is ancillary to the technology and what it allows you to do,” he explains.

That you can make a transfer in a matter of minutes, to the other side of the world, on a Sunday at noon, an operation that you can do with cryptocurrencies, and that you cannot do with the traditional financial system, has nothing to do with the fact that there are people speculating with its price to try to make money, or to lose it,” the CTO argues.

Arribas also points to other advantages that make cryptocurrencies attractive in many ways beyond risky investments. “In the conventional financial system, the whole digital part ultimately depends on central entities like a bank. And their database can be accessed. In fact, it probably happens more than the general public knows…”, Arribas explains. Cryptocurrencies, on the other hand, are built on the blockchain. “It is a distributed system. And, by definition, it is more secure, because it is all encrypted, and does not depend on a single central entity, which you can attack for breaking the system,” he defends. 

At 11Onze we have already published a chronicle of Raul Arribas’ Fintech Talk, but if you want to know everything about the world of cryptocurrencies, watch the entire talk here.

11Onze is the fintech community of Catalonia. Open an account by downloading the super app El Canut on Android and Apple and join the revolution!

If you liked this article, we recommend you read:

11Onze

We explain cryptocurrencies to you

2 min read

11Onze starts a series of talks at Monday, a pioneering network

11Onze

“The technology is here, it’s all up to us”

4 min read

11Onze kicked off the FintechTalks talking about

Finances

Pioneers in financial education in Europe

3 min read

The European Commission and the OECD’s International



Equip Editorial Equip Editorial
  1. Daniela SimónDaniela Simón says:
  2. Josep RosJosep Ros says:
    Josep

    És un sistema molt segur, a més a més hi ha cada vegada més adopció de criptos per part de les institucions.

    • AlbertAlbert says:
      Albert

      Tens raó, Josep, perquè la xarxa on funciona, la cadena de blocs, és l’única xarxa informàtica que s’ha demostrat invulnerable fins ara.

      6 months ago
  3. Joan Santacruz CarlúsJoan Santacruz Carlús says:
  4. Manuel Bullich BuenoManuel Bullich Bueno says:
    Manel

    És la moneda del futur

    • AlbertAlbert says:
      Albert

      És una interessant reflexió, Manuel. Al capdavall, que un actiu financer tingui futur, només depèn de la confiança i acceptació que generi.

      6 months ago
  5. alicia Coiduras Charlesalicia Coiduras Charles says:
    alicia

    👍gracies,entenc el tema blocchaine avui per avui és més especulatiu que res?

    • AlbertAlbert says:
      Albert

      Les criptomonedes no són intrínsecament especulatives, però hi ha qui les usa per especular.
      Gràcies per plantejar-ho, Alícia!

      6 months ago

Leave a Reply

App Store Google Play