Bitcoin
$61,920.64+4.43%
Ethereum
$3,073.45+2.54%
Binance Coin
$581.16+3.04%
Solana
$142.13+2.83%
XRP
$0.53015670+1.40%
Dogecoin
$0.14062615+5.74%
Toncoin
$5.73+11.61%
Cardano
$0.46522205+2.15%
Shiba Inu
$0.00002414+4.54%
Avalanche
$35.28+4.44%
Tron
$0.12374362+0.58%
Polkadot
$7.28+0.28%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to ConsensusThe largest and longest running event that covers all sides of crypto and Web3
25
DAYS
16
HR
04
MIN
08
SEC
Markets

Zuckerberg to Study Crypto in Quest to Fix Facebook

The CEO of Facebook has announced he's open to exploring blockchains and cryptocurrencies in his first public comments on the topic.

By Sujha Sundararajan
AccessTimeIconJan 5, 2018 at 5:20 a.m. UTC
Updated Sep 13, 2021 at 7:20 a.m. UTC
Mark Zuckerberg
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Facebook CEO Mark Zuckerberg announced Thursday he plans to study cryptocurrencies and other decentralizing technologies as part of a larger bid to improve the social networking service he co-founded.

Aptly in a Facebook post, Zuckerberg outlined what he called personal challenges for the year ahead, noting that one is to study the "positive and negative aspects" of cryptocurrency and encryption.

Zuckerberg went on to note that his theme for this year is to focus on "fixing important issues" in technology, media and government. "I'm looking forward to bringing groups of experts together to discuss and help work through these topics," he wrote.

Still, it's his comments on decentralization that have the blockchain world astir.

Lauded for its ability to create valuable, global peer-to-peer networks, Zuckerberg called cryptocurrencies one of the most interesting questions in technology right now. He added that today, many have lost faith that "technology would be a decentralizing force."

He said:

"There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people's hands...I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services."

Mark Zuckerberg image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.