The former president of Argentina praised V God: Ethereum is one of the most innovative decentralized technologies of this century

Ethereum co-founder Vitalik Buterin (commonly known as V God) participated in an event held in Buenos Aires, the capital of Argentina, on the 18th by the Web3 decentralized infrastructure The Graph to celebrate the first anniversary of the mainnet launch. At the event, he had a very happy conversation with former Argentine President Mauricio Macri, discussing the opportunities brought by the cryptocurrency market and blockchain technology; Macri later also posted on his Twitter to praise Ethereum: with the founder of Ethereum The fascinating encounter of Vitalik Buterin, Ethereum is one of the most innovative decentralized technologies of this century. Its Ethereum is one of the most valuable currencies in the world, and we are talking about the effects of cryptocurrency and blockchain on the country.

Praised as Messi in the field of blockchain

Lorena Fabris, the builder of The Graph Spanish community, told Forbes: It is very exciting for Vitálik to participate in this event. He is the Messi of the cryptocurrency field.

When they asked V God’s favorite protocol, he also praised Proof-of-Humanity, an identity verification system developed by Santiago Siri from Argentina for universal basic income.

Cryptocurrency is becoming more and more popular in Argentina

Since August 2019, due to political and economic turmoil in Argentina, coupled with a severe epidemic, the local legal currency has continued to depreciate and the inflation rate has continued to soar. According to TradingEconimics data, the country's inflation rate has skyrocketed from 38.50% in January 2021 to a peak of 52.5% in September this year. Therefore, for Argentine residents, cryptocurrency has certainly become a safe-haven option.

According to a report by "Yahoo Finance" in May this year, Argentina currently estimates that there are more than 2 million cryptocurrency accounts. Maximiliano Hinz, director of Latin America at Binance, said: Since 2020, the number of accounts used to invest in cryptocurrencies in Argentina has increased tenfold.

According to a report in July, the Argentine National Assembly even proposed a proposal to allow Bitcoin or other cryptocurrencies to be used as labor wages to cope with the depreciation of the Argentine legal currency and serious inflation, and to protect the real purchasing power of the people.