Ethereum co-founder Vitalik Buterin talks about Argentina, BCH, StableCoins and scaling in the tweetstorm-

Vitalik Buterin, the co -founder of Ethereum, the second largest cryptocurrency after market capitalization, responded to some of his previous beliefs in a tweetstorm in the new year. The developer addressed a few topics, including the rise of cryptocurrency in Argentina and how stable coins in the country thrive, as the Ethereum scaling is still an urgent concern for him and the performance of Bitcoin-Bahr money.

Vitalik Buterin thinks about previous recordings according to

vital berin touched some of his earlier opinions on some topics and, like them in the new year against the current status of the crypto landscape,

Buterin's vision for this was "in general correct", he viewed. On this, he specified :

My judgment: Basically correct. The acceptance of cryptocurrencies is high, but the acceptance of stablecoin is also very high. Many companies are in usdt . However, if the USD itself shows more problems, this could of course change.

The StableCoin sector has grown significantly this year, with Tether, the largest stable coin project, achieve a market capitalization of 78 billion US dollar. Decentralized alternatives such as VAT, the most important stable coin of the Terra environment, also flourished. achieve a market capitalization of

scaling and Bitcoin cash

on the other hand, but on the other hand, he was wrong that he was wrong when he looked at the problem of Ethereum scaling Back in 2015. He divided A Ethereum slideshow roadmap, in which the estimated time for the implementation of the Proof-of-Stake (POS) consensus was 6 to 12 months. However, the Beacon-Chain Ethereum 2.0 was only launched last year, which will implement the change from Proof of Work to Proof of Stake Consensus.

He attributes this to the complexity of software development and notes that the Ethereum team is now focusing on simplicity, designing these solutions and in the end product. Butterin also addressed his famous five-cent comment,

I am 100% my statement that "the Internet of the money should not cost more than 5 cents per transaction". That was the goal in 2017 and it is still today. This is exactly why we spend so much time working on scalability.

He also commented on the current state of Bitcoin-Bargeld ( bch ), and while he tended to support the big block page and Optimistic about the project, he now considers it "mostly failed". Building on this, he explained the justification of his current opinion, explained:

communities that form around a rebellion, even if they have a good cause, often have a hard time in the long run because they appreciate bravery with competence and more about resistance than a coherent way forward.

What do you think about the opinions of Vitalin Buterin on his early beliefs? Tell us in the comment area below.

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is affected by the cryptocurrency boom at the social level via crypto success and how it helps the non-banks and under-sector.

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