Bancor: What is it? What does it do? And Why is it so ground-breaking?
When I first heard the name Bancor I instantly thought of a giant, centralized corporation that answered to the banksters first. The name itself sounded way too close to Bankcorp and was a huge turn-off. Because of this, I ignorantly looked the other way whenever I saw someone talking about it.
I was wrong
Whenever I travel I like to listen to podcasts. With my recent fascination with cryptocurrency... well, let's call it an obsession to be more accurate... I searched the iTunes store to see what types of podcasts were out there in this genre. I came upon one that was put out by and the premise is an interview with the heads of some of the most anticipated upcoming ICOs. There was only one episode so far and it featured an interview with Eyal Hertzog (founder of Bancor). Though I had been closed off in the past, I decided it was time to learn more.
The podcast took off and began getting into Hertzog's days as the creator of MetaCafe. He then got into how he came up with the idea for Bancor and then explained the idea and concept behind it. There is no doubt we need a solution to centralized cryptocurrency trading markets. This solves it all by creating one place to trade any coin without the need of finding another person looking to buy. All with setting the prices per supply and demand, too! It is... so simple but ground-breaking.
I don't want to ruin it for you all but if you haven't fully embraced Bancor or wrapped your head around the concept, this is for you! I am extremely excited for the possibilities this will bring us!
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https://itunes.apple.com/ie/podcast/ico-alert-podcast-cryptocurrency-blockchain-ico-interviews/id1247296251?mt=2