Messari Founder Criticizes Top Ten Crypto Teams for Lack of Transparency

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Wed, 12/18/2019 - 13:23
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Yuri Molchan
The founder of Messari accuses Ripple, Ethereum, Binance and other top ten crypto teams of low transparency level and urges them to deal with that issue, CZ responds
Messari Founder Criticizes Top Ten Crypto Teams for Lack of Transparency
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The Messari founder and a former ConsenSys staffer Ryan Selkis has taken to his Twitter page to say that in his view the top ten and the teams of some other popular crypto projects, such as Tezos, Chainlink and Bitfinex should make their work more transparent than it is now.

He calls on the teams of Ethereum, Ripple, Litecoin, EOS, Tron, Binance, Stellar and Tether, saying that he is frustrated with their lack of engagement when it comes to transparency.

Ryan Selkis explains his claims, saying that reaching transparency is a simple thing to do and urges the community to call on those teams together since ‘what the industry needs for transparency isn’t rocket science’.

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In particular, he wants to get these teams to share how they manage treasuries and coordinate communications and governance, because it is important for investors and stakeholders.

The chief of Binance, CZ, responded to that:

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.