Too Long; Didn't Read
Matt Hawkins is founder and CEO of parent company Cudo Ventures and blockchain network, Cudos. Hawkins: Every 20 years or so, there is a new cycle of computing. The invention of the proof-of-work (PoW) consensus mechanism that Bitcoin runs on, provided the first continuous and ever-increasing ‘job’ for computers, giving birth to a new industry with further projects launching in the years to come, also using the PoW consensus. The mining ban in China has created the FUD created the market since the announcement was made.