Speaking at the Moscow Blockchain Forum, Sergey Mendeleev has revealed an extraordinary and ambitious vision for a ruble -backed crypto currency design. Mendeleev’s proposal; It is based on a system that works without authentication, offering transfers that cannot be traced, and is used censorship -resistant and over -securized smart contracts.
Anonymity, liquidity and technical potential
The system proposed by Mendeleev aims to a structure that is far from classic financial norms and can trader users without revealing their identity. According to him, this digital asset should have a high liquidity and should not compromise the principle of anonymity. This vision is an unusual approach, especially for government -supported projects.
Technically, some parts are already tested in different projects, indicating that Mendeleev, the ruble -fixed experimental practices can be examples, he said. Nevertheless, none of these projects have been able to present all the proposed features under the same roof.
Most of the models presented to date have to waive either anonymity or decentralization in order to comply with certain regulations. Hybrid Yapı proposed by Mendeleev aims to accommodate all these opposite concepts together.
Difficulties in the shadow of legislation
However, this ambitious proposal is in a serious conflict with the current legal regulations in Russia. In the words of Mendeleev, the laws of the country are currently progressing in the direction of centralization and taking a closed stance to liberating steps. Especially concepts such as anonymity and censorship resistance contradict directly with regulations.
Mendeleev said, “Unfortunately, we are currently moving in a completely opposite direction in terms of regulation. We’re going to concentrate the bans, not in the direction of liberalization.” He made it clear that the current environment makes it difficult to implement the project.
Although there are some technical components, they are made in accordance with the legal basis and to make work within a single system becomes a serious engineering and diplomacy problem. Saying that all components other than anonymous processes are applicable, Mendeleev stressed that the future of the project depends on the harmony with the legislation.
All these statements show that digital asset initiatives in Russia have to struggle with legal and political barriers beyond technical competence.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
