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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

Crypto Valley: Blockchain’s Silicon Valley Tucked Away in Swiss Alps

  • Alexander Goborov

    While the Americans are the current market leaders, the Swiss, backed by its government, have grown to be a crypto force to be reckoned with

Crypto Valley: Blockchain’s Silicon Valley Tucked Away in Swiss Alps
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Contents

The ever sunny California is known for its tech hub, Silicon Valley, a product of the “dot com” era and home to many startups turned giants. Fewer people know that there also exists a much newer creation, Silicon’s foggy crypto twin, if you will, known as Crypto Valley, located in the town of Zug, right by the lake of the same name, near Mount Zugerberg, in Central Switzerland.

Crypto Valley

The Origins

The mastermind behind this whole endeavour is Johann Gevers, who without too much coyness, rather straightforwardly, describes himself in the following way:

“I am the founder of Crypto Valley, the world’s leading cryptofinance ecosystem, and founder of Monetas, an award-winning transaction platform that brings the world’s most advanced financial and legal services to everyone with a mobile phone. Cryptofinance technologies are revolutionizing the global financial landscape, and will profoundly improve the lives of people everywhere by enabling them to live in freedom and to generate limitless prosperity.”

While Monetas may be a somewhat less familiar name to those involved with the Blockchain, Gevers’s more recent child, Crypto Valley, is becoming more and more of a household name. The Valley is a relatively new phenomenon, having been established in January 2017 as the Crypto Valley Association (CVA), whose goal is to “develop the world’s best ecosystem for Blockchain and other Distributed Ledger Technologies and businesses”.

Interestingly, the CVA has the backing of the local Swiss government—undoubtedly, the founder’s commendable achievement—which is why numerous Blockchain companies take to flight precisely there, while many others have since moved to the Valley from elsewhere. All in all, there are over 300 Blockchain companies from 20 different countries residing in the Valley at present.

As a result, it comes as no surprise that the whiz kid Vitalik Buterin of Ethereum, though born in Russia and raised in Canada, chose Crypto Valley as his project’s starting point. Not everyone may know that Buterin’s now well-known crypto creation was born and saw its development as “Eth-Suisse” (Ethereum Switzerland GmbH) back in 2014, later also evolving into “Stiftung Ethereum” (Ethereum Foundation), a non-profit organization. Unsurprisingly, Ethereum-backed Consensys, as well as Tazos and Xapo also have offices in the Valley.

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The Business and its Vision

CVA has a high-end commune type structure with its own code of conduct and seemingly limitless willingness to invite new talent, from developers to legal aid:

“We support and connect startups and established enterprises through policy recommendations, projects across verticals, initiating and enabling research, and organizing conferences, hackathons, and other industry events.”

Among some of the CVA’s divisions of labor are:

  • Startup Onboarding

  • Communications

  • Research and Development

  • Accounting and Structuring

  • Cyber Security

  • Policy and Regulation

  • Education

In this respect, Crypto Valley truly is an multinational hub where some of the best cryptographers, programmers, engineers, regulators, security experts, and financiers, to name only a few categories, are said to be living side by side. For those wishing to get involved and/or invest, the CVA also promises complete commercial transparency and proximity to global markets.

It is, therefore, a no-brainer that Crypto Valley is also the organizer of the Crypto Valley Blockchain Summit: the last one was held in April of this year with the industry’s top guns and members of the European Parliament having attended. This event goes hand in hand with the Valley’s public proclamation:

“With active connections to similar hubs around the world, we also ensure Crypto Valley’s participation in the global efforts to foster Blockchain and cryptographic technology innovation.”

Beyond the Valley

Crypto Valley has been pushing the envelope ever since its inception. But, having been enveloped in all things Blockchain, the local Zug community itself is now undergoing a major crypto change. In July of this year, Swiss authorities declared that a Blockchain-based voting trial they had been running was a success, not to mention the fact that the municipality of Zug was the first place in the world to accept Bitcoin as an official means of payment back in 2016.

To top it off, Switzerland’s Minister of Economics, Johann Schneider-Ammann, made the headlines this January when he vowed to make Switzerland a “crypto nation in five to ten years” and thereby adopt a national cryptocurrency in the process. Similar voices had been heard before from Venezuela and even China (despite the apparent ban on ICOs), but this was the first time a high-income developing country in the West said anything of the kind.

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With the eager fintech minds of the Valley cooking up applied cryptography as we speak and local governments—who know too well where the money is—bowing in support, Switzerland is likely to make yet more headlines in the months and years to come and emerge as a mighty crypto force of the modern era.

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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

  • Jack Thomas

    🌱☀️Litecoin has been one of the best performing cryptocurrency assets in the first quarter of 2019, and there are a few reasons why it is boosting the crypto spring. From its impressive mainstream adoption, and with its speedy and cheap transactions, as well as added privacy and impending halvening, the price of LTC is set to do well

LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
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It would be wrong to call the cryptocurrency bear market over – the same low-performing market that has lasted well over a year now – however, there certainly is a change in the air. Bitcoin is over $4,000 and other altcoins have flexed their muscles, but none more so than Litecoin.

Litecoin, the fourth-biggest coin, which is currently trading at $60.52, has doubled its value in the first quarter of 2019, having started the year at $30.29. This coin, dubbed the silver to Bitcoin’s gold, has made some significant strides heading into the cryptocurrency spring.

The cryptocurrency spring, which is seeing prices in the market slowly come right and rally again, may have well been helped get off the ground thanks to Litecoin’s good performance through these first three months.

Many have dubbed this crypto spring as the beginning of altcoin season, and with that, there have been some big boosts from the top 20 altcoins that have aided in bringing positive sentiment to the market – none more so than Litecoin.

Reasons for the boom

Litecoin has always been in the shadow of Bitcoin, but it was created to be something different, much more of a cash system. It is this direction that is starting to be evident with Litecoin’s movement as the coin looks to forge ahead.

Reasons for the boom

One big boost for Litecoin has been its mainstream adoption that has picked up significantly with the goal of the coin’s team to get the cryptocurrency into payment systems. For example, Bob Moore Auto Group has signed on with Aliant Payment to accept Litecoin at their dealerships, starting with an Oklahoma City location. This means customers can buy a Subaru with LTC.

Additionally, Litecoin has always been about having fast transaction times as well as low fees in order for it to be usable as a digital cash, and the way things are going currently, it is hitting those attractive targets.

For instance, a November 2018 transaction worth $62 million only cost the sender $0.50 in fees on the Litecoin network. And with these low fees teamed up with the scaling layer of the Lightning Network, there is not much slowing Litecoin down.

Litecoin is also looking to boost user privacy as the team believes it is something that is missing from both LTC and Bitcoin. The Litecoin Foundation announced last month a collaboration with privacy coin Beam to potentially integrate the Mimblewimble protocol, which would add scale and privacy to the cryptocurrency.

Finally, the Litecoin halving is due soon, and historically, this kind of event has always been a catalyst for further growth and rallies in the cryptocurrency. The last one in August 2015 saw a serious downturn be broken, and even in the run up to this halvening, there looks to be a break in the downturn already.

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