Co-founder of Ethereum, the well known Vitalik Buterin for who we read constantly in our ethereum news, stated that he aims to solve Bitcoin’s (BTC) limited functionality and that is why ethereum was initially created. He stated that for an interview with Business Insider that was published a few days ago.
During the interview, Buterin explained that Bitcoin is much like a plot key calculator. He believes that the number one cryptocurrency is doing well what it had an intention to do but he also thinks that Ethereum is more like a smartphone that can run multiple apps at once and it is capable of doing even more than just act as a plot key calculator.
Buterin explained it well in a single sentence:
“So [what I did is] basically taking that same kind of [smartphone] idea of increasing the power of the system by making it more general purpose and applying it to blockchains.”
As previously reported on DC Forecasts back in February, Vitalik Buterin stated that his crypto investments are mainly and exclusively devoted to the ETH network but that he also has some non-ETH holdings including Dogecoin (DOGE), Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) in about 10 percent of the value of his Ethereum holdings.
Also, back in December 2018, ETH Co-founder declared that the future blockchains that will be sharding based on the proof-of-stake algorithm will be ‘’thousands of times more efficient’’ and that the final applications will become ‘’a bigger part of the story.’’
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]