Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.
Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.
One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.
what do you think about this? is this good news about the development of cryptocurrency in the future?
The idea of a centralized cryptocurrency started with ripple, and ai bet they are using the same ideology with the supposedly to be released S coin. I don't think it would do that much impact to established cryptocurrencies like bitcoin and ethereum but it does have the potential to revolutionize the nature of cryptocurrencies in some way. I just hope this innovation would be for the betterment of the industry as a whole.