6 Questions for Lynn Liss of Akoin – Cointelegraph Magazine

We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the trade… and throw in a number of random zingers to maintain them on their toes!


 

This week, our 6 Questions go to Lynn Liss, the chief working officer and co-founder of Akoin, a cryptocurrency and blockchain ecosystem designed to empower entrepreneurship and gasoline rising entrepreneurs in Africa.

 

Lynn Liss serves as chief working officer of blockchain firm and cryptocurrency Akoin, co-founded with international chief Akon. She is an operations govt and social impression chief driving monetary revolutions, constructing empowering know-how and enterprise fashions, and forging technique, partnerships and groups for large social change. Steering Akoin’s mission to empower entrepreneurship and monetary inclusion throughout Africa, she brings greater than 10 years within the social impression and startup sector to the desk in addition to one other 10 years as a administration advisor advising, executing and working revolutionary enterprise and monetary fashions for world change with C-level executives at high international companies. Lynn was a primary mover within the “blockchain for good” house, offering govt recommendation to blockchain firms and new cryptocurrencies and blockchains with a social impression.

 


1 — What sort of consolidation do you count on to see within the crypto trade in 2022?

Effectively, we’re actually within the protocol wars proper now between L1s, L2s, and each stroll of life in between and across the protocol house. Whereas the thought of interoperability permits many protocols to exist concurrently, the house received’t require the present quantity that’s being envisioned or is coming to life. That stated, having these numerous fashions to each technically and financially assess and decide the place and the way you wish to expertise them, coupled with the pure “competitors makes you stronger” mentality, causes the platforms to sharpen their strategy and platform by the minute. It’s past thrilling to observe such a race! 

All of us profit from the plethora of robust protocol choices simply getting higher and higher, together with the strategy for interoperability concurrently getting stronger from an trade perspective and the way we undertake these instruments into our toolset. So, consolidation, sure, however current collectively and cross-chain — additionally sure. 

I’m very inspired by the sheer variety of initiatives being launched proper now. For my part, we’re witnessing a “renaissance” within the blockchain house the place there aren’t any mistaken solutions. This is not going to final indefinitely, as is all the time the case, rising use instances will render others out of date, completely different mechanics shall be well-received, whereas others received’t be. It will in flip result in the following gen of blockchain functions launching with a lot larger constancy from a UX perspective in addition to robust company buildings and operational procedures. This transition from “experiment” to “use case” as an overarching trade ethos goes to be fascinating to observe within the coming months and years.

2 — What is going to occur to Bitcoin and Ethereum over the following 10 years?

Talking of “walks,” I simply took one with a good friend within the neighborhood who is comparatively new to the blockchain and cryptocurrency house, and located myself suggesting {that a} “toe within the water” could be to put money into a number of of the foremost currencies and protocols as a place to begin through wallets akin to Coinbase. Given Bitcoin and Ether are essentially the most commonplace stepping stone for the plenty (there are one or two others I added to that record, and Bitcoin is just too unstable for my liking), these OG gamers clearly aren’t going wherever, and given the scale of the the communities that assist them, they’ll proceed to drive trade innovation together with the brand new L1s and L2s described above. As others stand up, we’ll see stronger competitors and extra interoperability with these majors. That is additionally the place most firms first begin to contemplate receiving cryptocurrency for primary funds, which leaves little question in making these currencies even stronger and never go wherever anytime quickly.

What’s extra fascinating to me is which of the up-and-coming L1’s and L2’s associated currencies will rise to the highest and start getting adopted by the lesser crypto-savvy gamers. My forecast is that in relation to particular trade lanes (i.e., market sectors akin to lending all the way in which to geographics, like what we’re doing with Akoin in Africa), many altcoins will stand up into the highest 20 and change into extra commonplace and utilized for on a regular basis actions. That is the place the place you’ll discover customers who actually care a couple of particular market or house, that need extra worth and utility then the present choices present, and are looking for options customized to their wants. These customers will change into increasingly more comfy holding these property, not from an funding perspective, however from a real utility and day by day utilization perspective, which is the holy grail. 

Doubling again to the unique query, the truth is that these primary protocols aren’t going wherever, notably so far as Bitcoin is anxious, because it represents the “gold” equal to a retailer of worth on the blockchain. Ethereum, then again, is much extra analogous to an working system than the rest. The advantage of Ethereum is the fixed consideration to upgrades and usefulness. Whereas it’s presently price-prohibitive resulting from a bunch of causes — not the least of which being exorbitant fuel charges — the emergence of L2 options allow Ethereum to primarily cannibalize the helpful mechanics it comes throughout whereas discarding the much less helpful. Because of this, I see Ethereum remaining because the dominant L1 for years to return, with Bitcoin retaining its standing as the first retailer of worth on the blockchain.

3 — Whenever you inform individuals you’re within the blockchain trade, how do they react?

I’m glad to report that, typically, persons are much less shocked and perplexed about what the heck which means than two years in the past, when the ICO craze was taking the world by storm. Whereas nonetheless very nascent, blockchain applied sciences and cryptocurrencies have discovered their method into conventional banking, authorities businesses and fortune 500s, all the way in which to individuals holding a number of of the foremost cryptocurrencies. There appears to be a better consolation degree with making primary funds in crypto, there may be much less perplexion and extra curiosity nowadays. That curiosity coupled with individuals and main firms prepared to dip their toes within the blockchain waters is the place main crypto adoption will happen, and we’re thrilled to have the ability to determine it out collectively. That is what will get me most excited — to be at that tipping level between an “rising know-how paradigm” and widespread adoption into trade normal.  With that, myself and others, who’ve been within the house for a very long time and wish to see this trade develop, enthusiastically take the time to stroll and speak the newbies by means of it.  In doing so, you sharpen the story and the pathway, and forge how everybody will discover their method into this house a way or the opposite.  This all retains us excited, and on our toes too!

4 — Checklist your favourite sports activities groups, and select the one most memorable second from watching them. For those who aren’t a sports activities fan, select a number of motion pictures and a second!

Ask my husband — I needed to ask him who was taking part in on the Tremendous Bowl, and we reside in Los Angeles. On the subject of motion pictures, anybody who is aware of me properly is aware of that Eminem’s “Lose Your self” from the film 8 Mile shall be taking part in at my funeral, (until we exist in one other interdimensional airplane by then, however that’s for one more query). That second on stage and the lyrics sum all of it up.

5 — The place do you stand on alien intelligence and the existence of life elsewhere within the universe?

I’ve little question on the “existence of life elsewhere within the universe” entrance, so a powerful “Sure.” For a deep dive on all issues “alien intelligence” and whether or not we’ve been visited by such forces right here on Earth, you’d must ask my husband, Ira Liss, who’s a semi-expert on the matter. I stay brazenly curious, as with all issues.

6 — Aside from the current day, in what time and during which nation would you prefer to have lived?

I needed to actually take into consideration this one, from the glamor and sensational music of the Twenties into the 30s coming from the jazz renaissance taking place in Paris, to New York within the 40s and 50s with its eclectic literary circles and swanky gatherings. That stated, I wouldn’t select to exist wherever else however my current place and time. Considered one of my favourite sayings is: “Yesterday is historical past. Tomorrow is a thriller, however at the moment is a present! That’s the reason it’s referred to as the current.” Many fantastic individuals have been credited with creating this quote, from Eleanor Roosevelt to Bil Keane and extra. This resonates for me each day, as profiting from every day and the magical vitality that surrounds you is actually a present.

A want for the younger, bold blockchain neighborhood?

Continued curiosity, experimentation and innovation. 

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