The rumor is that the richest man in the world plans to use blockchain technology to promote government efficiency and responsibility.
According to a Bloomberg report, Elon Musk, at the top of the Ministry of Government Effectiveness (DOGE), assesses how to use blockchain to find cost savings, manage and secure data, and create transparency around public spending.
Although he doesn’t know what Musk blockchains and his team are considering, they met representatives of various public blockchains to assess their technology. It is also known that an anonymous individual went to Florida in November to brief the officials of the Trump transition team on how the blockchain could be used.
The idea is healthy, even if it comes nothing
It should be noted that DOGE may not use blockchain technology. However, the fact that Musk and his team know how it can be used for payments, transparency and data management is encouraging.
For too long, the usefulness of blockchain technology has been neglected and the emphasis has been put on the price of parts and tokens attached to popular books. Hundreds of millions of people around the world have done and have lost fortunes on the price movements of tokens and digital currencies linked to the blockchain.
However, finally, we see signs that civil servants of the highest levels of the American government are aware of the powers of the blockchain. If they only use it to follow and follow public spending, it will be a massive victory for technology and larger industry.
The most effective blockchain is the original blockchain
The people of the blockchain and digital currency industry recognize that Satoshi Nakamoto was a genius once in a century. Some have even appointed him for the Nobel Prize in economics.
However, many always think that they can create a better system than the inventor of Bitcoin. Assuming wrongly that the broken blockchain called BTC is the original design of Satoshi, endless entrepreneurs, developers and thinkers have designed alternative systems, hence the tens of thousands of blockchains and millions of tokens that we see Today.
However, BTC is far from the original design of Satoshi. The decision to permanently cap the size of the block at 1 MB and several major protocol changes, such as Segwit and Taproot, have divorced BTC of everything that resembles the original bitcoin. The closest thing today is the BSV blockchain, which has been restored to test the design and ideas of Satoshi.
During recent tests of its Teranode upgrade, the BSV blockchain can treat one million transactions per second. With the intelligent and easy -to -use intelligent contract languages, such as Scrypt, facilitating the lives of developers, the original blockchain is capable of many different types of transactions, including payments, data transfers, etc.
It’s not just a theory either. Smalling on the Sentinel node show how much progressive public blockchains can strengthen the cybersecurity of any organization, including the United States government. Applications like Trace show how the ineffectiveness of the supply chain could be carried away. The BSV can even improve the integrity of the elections.
If Musk is serious about using blockchain technology to stimulate government efficiency, the BSV is by far the best bet. The facts speak for themselves: it evolves in chain, the costs are tiny at $ 0.00,0001 on average, and the applications mentioned above prove that it can be used for all the things that Doge is looking for and then some .
The original Bitcoin protocol is the ultimate efficiency tool. Now that he is ready for grande hours, Musk and his team should at least test him.
Watch: History of Bitcoin with Kurt Wuckert Jr.
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