Mendeleev’s Proposal for a Decentralized, Anonymity-Focused Cryptocurrency: Challenges and Opportunities

Sergey Mendeleev has introduced a bold vision at the Moscow Blockchain Forum: a ruble-backed digital currency that blends anonymity with decentralization. His proposal utilizes smart contracts resistant to censorship and heavily over-collateralized, aiming to reshape traditional financial systems. However, this ambitious plan faces significant hurdles in Russia’s current regulatory landscape. Mendeleev highlights how existing laws favor centralized control, creating challenges for initiatives promoting user privacy and resistance to censorship.