Fabio Araujo, director of the Central Bank of Brazil, praised Bitcoin as a financial innovation that gave rise to the Web3 movement.
We started to accelerate this in 2009, with the launch of Bitcoin, with distributed database technology that facilitates the creation of Web3.
The Bitcoin application brings the Proof of Work solution, which is a fundamental thing for the services that Web3 brings to the population.Furthermore, Araujo remarked that this tech preceded Ethereum, which includes smart contracts that add more possibilities to the financial system.Araujo also touched on the subject of the digital real, hinting at the possibility of it having smart capabilities.
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