|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Justin Sun Elected Prime Minister of Liberland Micronation — a Pioneering Example of What Will Soon Become Common Practice
Oct 11, 2024 at 05:38 am
Tron founder Justin Sun has been elected as Prime Minister of Liberland — a micronation located between the borders of Croatia and Serbia
Tron founder Justin Sun has been elected Prime Minister of Liberland following the micronation's Oct. 5 elections.
The self-proclaimed sovereign nation, which is located between the borders of Croatia and Serbia, announced Sun's victory on Oct. 10. According to the announcement, entrepreneur Evan Luthra, journalist Jillian Godsi, former Croatian politician Ivan Pernar and information technology professional Dorian Stern Vukotić were also elected to Liberland's Congress.
Spokespeople for the micronation said they hope to "be a pioneering example of what will soon become common practice."
The flag of Liberland
Liberland's statement reflects a growing interest among crypto enthusiasts and industry executives in using blockchain technology to form micronations, decentralized network states and overhaul arcane election processes in already established countries.
The term network state, popularized by investor, entrepreneur and former industry executive Balaji Srinivasan, refers to a geographically distributed nation that uses blockchain technology and privately held land to function as a sovereign state.
In 2014, Bitnation became the first crypto microstate to declare sovereignty, which inspired other jurisdictions to seek independence.
These jurisdictions include landlocked locations, such as the 2.7 square-mile Liberland, islands and oceanic vessels. Futurists have also proposed the idea of seasteading, or building permanent installations in international waters that would function as sovereign countries.
A 3D design of a futuristic seastead
At the time of writing, no permanent seastead installations have been built, and the novel concept has been met with hostility from established nation-states, which view attempts to establish new countries as a threat to their sovereignty.
Critics argue that it will take far more than blockchain technology to keep these micronations afloat, including guarding their newly erected borders from larger and more aggressive nation-states.
Magazine: Breaking into Liberland: Dodging guards with inner-tubes, decoys and diplomats
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Best Crypto Wallets: Hot and Cold Wallets Reviewed
- Oct 11, 2024 at 08:20 am
- As more people use cryptocurrency, finding the right wallet is crucial for safely and easily managing your digital assets. Cold wallets offer offline storage for high security, while hot wallets connect to the internet for easy trading and access.