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RE: Singapore To Launch National Token On Ethereum Blockchain!
It was inevitable, that national blockchains would be created as an attempt to compete with the decentralized coins. I believe that the free market will chose decentralized block chains as future global borderless currencies.
Agree. The whole point of blockchain is decentralized ledger. A country's own blockchain is nothing more than a fancy data base. Public blockchains will be the standard in future with fiat tokens running on top like ERC-20 token. The chain itself will remain decentralized.
It will be very interesting to see how this unfolds.
Yes, a national token isn't decentralized anymore, so that kind of defeats the purpose of a regular cryptocurrency. It's just easier for the state bank to regulate it this way, and to create their own rules around it.