VIDEO | Gosevski: Blockchain and cryptocurrencies are a monetary phenomenon - fear of banks is expected

Dusko Gosevski / Photo: Free Press

- Blockchain is a monetary phenomenon. The blockchain technology itself is very interesting and very advanced. It is a complex that includes economics, computer science, mathematics, market psychology and so-called decentralization, Dusko Gosevski, a lawyer and expert on certain aspects of cryptocurrencies, told Utrinski briefing.

- The essence of blockchain technology is that everyone who enters the system settles one transaction, it is public, although the transactions are private, it is public and it can be seen and that actually means that technology, explains Gosevski.

According to him, this process can not be reversed. Digital technologies make this possible.

- Bitcoin has emerged as a cryptocurrency without value, without a central bank, but at the moment are developing cryptocurrencies with value called Stablecoins. The crypto world penetrates the conventional world as the conventional world penetrates the crypto world through its mechanisms and it is very interesting to follow. When the crypto world enters, it wants to show that this technology is inviolable. Enters art, education, health, sports. The crypto world wants to prove that this technology can be used everywhere as advanced technology and to replace the technological world as we know it, said Gosevski.

Watch the whole conversation in the video:

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