Why crypto?

Bitcoin and Ethereum settled the basis of the future

Bitcoin's original idea was counter-parts that make direct transactions of value in internet, with no intermediaries. In reality only few have used Bitcoin for that, but that was the idea though.

Ethereum was launched several years after Bitcoin, and this new crypto network brought two tools that are ideal to build decentralized metaverses:

• Smart Contracts, which establish immutable rules in the network, which no one can change, like the law of gravity in the real world. Once the contract rules are set, not even developers can change them.

• NFTs, which are digital representations of things in the network, with two very important characteristics: immutable permanence in time, and unique identity. These are essential features of private property in the real world.

Therefore, the natural technological basis for developing any metaverse are crypto networks. Bitcoin and Ethereum settled the basis of crypto philosophy and until recently all other cryptos were variations of their same network architecture, known as Blockchain. But as I mentioned before, few persons use Bitcoin to pay for purchases in the internet and the reason is that Blockchain architecture has some fundamental problems.

The following section comments the future of cyrpto technology. And it is not Blockchain.