Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap
coindesk·- Yuval Rooz, CEO of Digital Asset, critiques smart contract networks for lacking activity and revenue to sustain their high valuations. - His company, Canton, employs a burn mechanism for tokens with each transaction and allocates issuance to applications that generate fees. - Rooz asserts that stablecoins will achieve genuine product-market fit only when more than half of their usage is not tied to cryptocurrency trading.REG - Phoenix Digital - Court Sanction of Scheme and Timetable Update
London Stock Exchange·