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Mendeleev Proposes Ruble-Backed Cryptocurrency with Privacy Focus at Moscow Blockchain Forum
Mendeleev Proposes Ruble-Backed Cryptocurrency with Privacy Focus at Moscow Blockchain Forum
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Sergey Mendeleev unveiled a radical vision for a ruble-pegged cryptocurrency at the Moscow Blockchain Forum, challenging conventional finance with a system designed for untraceable transfers and censorship resistance. The proposal eliminates identity verification, relying instead on over-collateralized smart contracts to ensure liquidity while preserving anonymity.
Privacy emerges as the cornerstone of Mendeleev’s framework—a deliberate departure from traditional financial surveillance. The technical architecture promises frictionless transactions without compromising decentralization principles, though regulatory hurdles loom large for such an unorthodox model.
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