TIME magazine has released the list of the 100 Most Influential People of 2021 and some of the personalities featured had a huge impact on the digital currency ecosystem over the past year. Featured personalities include Vitalik Buterin, co-founder of Ethereum, Elon Musk, the chief executive officer of electric car maker Tesla Inc, and President Nayib Bukele of El Salvador. Each of these executives has shaped the growth of the digital currency ecosystem in their own way, a post that seems to be recognized by TIME magazine.
Vitalik is a Russian-Canadian programmer whose work in the Ethereum blockchain ecosystem helped fuel the advent of decentralized finance (DeFi) and the currently buzzing Non-Fungible Token (NFT) metaverse. The celebrated developer was featured in the “Innovators” section and the digital currency he co-founded, Ethereum, is currently worth $ 415.1 billion.
Vitalik and the Ethereum Foundation are currently actively involved in developing the network and leading the blockchain to switch from the current energy-inefficient proof-of-work (PoW) model to the scalable proof-of-stake (PoS) called Ethereum 2.0. This massive technological switch is at an advanced stage and is expected to be rolled out by early 2022.
Elon Musk is an iconic figure in the digital currency ecosystem, known, for the most part, for sharing opinions that are known to swing the reactions of investors in the crypto world. Elon Musk was recognized as one of the most influential innovators this year for his role in building spacecraft and zero-emission vehicles.
Musk fed Tesla invest $ 1.5 billion in Bitcoin in early February, and that move cemented institutional acceptance of the leading digital coin across the board. While Musk helped bring Bitcoin into the mainstream, the vocal inventor in the world of digital currencies came under fire when he did stopped Tesla from accepting Bitcoin as a form of payment and stirring FUD in the room by citing Bitcoin’s energy consumption during mining.
Musk’s influence in the broader tech arena is remarkable, an accomplishment out there now accepted at the time.
President Nayib Bukele
President Bukele was profiled as one of TIME’s most influential executives. He has become a popular figure lately when he pushed for Bitcoin to be accepted as legal tender in its Central American nation El Salvador. By persevering with the nation’s lawmakers, El Salvador made history by becoming the very first nation to walk this path. His contributions have restored the value proposition of the digital currency world, and through his leadership are now other countries including Paraguay and Ukraine explore the ability to make Bitcoin legal.
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About the author
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real world applications of blockchain technology and innovations to drive general adoption and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and websites. Benjamin Godfrey loves sports and agriculture. Follow him on Twitter, Linkedin