Women and cryptocurrency


How does it feel to be a crypto lady

Crypto Lady is a woman working in the field of cryptocurrencies, bitcoin and blockchain. She can be the founder of a business, co-founder or employee of a blockchain company, or engage in mining, trading, investing and much more. At the beginning of 2018, a cryptocurrency boom occurred, in connection with this, many people were suddenly able to get rich, many projects began to develop, the industry attracted more and more people and became really prestigious.

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Specially for ProstoCoin, IOST co-founder Samantha Wang talked about how it feels to be a woman in the crypto space.

 “Although the crypto industry is considered a masculine affair, this should not prevent women from trying their strength in it.”

“Be twice as strong and better prepared than men.” Here is one of the tips that women give Samantha Wang, a successful entrepreneur and co-founder of IOST, an open blockchain platform for industry-specific applications.

She talks about the goals of the platform, how she, as a woman, learned to navigate the crypto space, how crypto-millionaires invite her to date on their yachts and how the Chinese platform WeChat unites women in this industry.

Friends of Jimmy Chun and Ray Xiao introduced Samantha to Bitcoin in 2013, and Samantha managed to invest a small amount. However, as she herself admits, at that time she did not realize the true potential of blockchain or digital currencies.

After graduating from a university with a specialization in radio and television journalism, she realized her passion for writing as a journalist in Hong Kong. She later met again with Jimmy and Ray to become one of the founders of the IOST platform, launched in January 2018.

According to Samantha, she decided to help establish IOST, because she believes that the world has yet to see a blockchain platform that is scalable enough for use in real-world conditions. She believes that the blockchain has enormous potential, but it cannot be demonstrated until the main problems are resolved.

Samantha goes on to give an example: “Ethereum has low bandwidth (TPS) and supports only the most basic functions, and decentralized applications (dApps) on it are very slow, and transactions take a long time.’

However, the IOST project can influence this by proposing a basic architecture for future digital service providers. Samantha then goes on to say that their Proof-of-Believability consensus mechanism is superior to the Proof-of-Stake mechanism, allowing seven to eight thousand transactions per second.

Wang says it is five hundred times faster than on Ethereum, and yet it remains decentralized and secure.

Despite the fact that the IOST project started just a few months ago, it has already taken its place in the top 60 cryptocurrencies according to CoinMarketCap. The project has 6 offices around the world, including in Moscow, numerous partners including venture capitalists, and it is also listed on the five largest rating online exchanges – CEX.IO, Binance, Huobi, OKEx and Bitfinex.

Often being the only woman in a room at events dedicated to the blockchain in China, Wang explains that at such events, as a rule, there are about eight women per 100 visitors.

Samantha shared with us that after such events she was repeatedly invited to her crypto millionaire yachts. “Usually I say no,” she adds, “to be honest, money-hungry crypto guys aren’t exactly my type.”

She advises women in the crypto space to be twice as strong and prepared than men. Samantha also believes that it is important for a woman to work harder, radiate self-confidence, even if she is not, find the right allies and work in teams where men understand the value of women.

“We should respect women at cryptocurrency / blockchain events, as well as on boards of directors and other professional situations,” she adds. In Samantha’s understanding, this means not discussing, not interrupting, and not speaking down to them, and not avoiding handshakes and eye contact. ‘If the conditions are equal, we can all show what we are capable of.’

As an example, Wang cites one of these women – Xitin Hae Yi, co-founder of the Binance cryptocurrency exchange, which is respected and appreciated for her achievements.

One of the ways in which China empowers women in the crypto industry is through WeChat, a Tencent-based Chinese application that works as a messenger and social network, and also makes mobile payments. Twitter and YouTube are banned in the country, so this is the Chinese counterpart of WhatsApp, where people can chat online According to Wang, each individual blockchain project can have 50 or more groups on WeChat with 300-500 participants in each.

One of Samantha’s favorite bands on WeChat is called Blockchain Ladies. “This community plays a huge role in ensuring the growth of opportunities for Chinese women in the cryptosphere, and also helps them to unite, because it gives us the opportunity to discuss projects, share knowledge and encourage each other. This group includes some of the most influential Chinese women in the blockchain Space, and this network really has incredible capabilities. ‘

For Samantha, blockchain technology has the potential to become revolutionary, but only if it gets real application. If it is not possible to convince ordinary people to use it, then it will remain something incomprehensible and will not spread widely enough. In a time of market decline, the hype surrounding stock-market games is truly exciting, but it “unfairly eclipses the technological breakthroughs that the world’s greatest minds make behind the scenes.”

“Blockchain technology won’t make you a millionaire in one night – and cryptocurrencies are now associated with this (although it sometimes happens) – it allows you to get long-term benefits and offers the potential to change outdated systems,” adds Samantha.

One of the challenges Wang faces is to convince the media and the public that blockchain is more than just a transitional stage. Another difficulty she is trying to overcome is convincing people in China that decentralization is good.

“This educational process can drag on for years, but the game is worth the candle,” she adds.

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