Bitcoin veteran alleges that BTC and ETH different niches. Is it really so?

Date:

2019-03-15 17:00:06

Views:

16

Rating:

1Like 0Dislike

Share:

Bitcoin veteran alleges that BTC and ETH different niches. Is it really so?

Expert and the author of several books about cryptocurrencies Andreas Antonopoulos in a recent interview, tried to explain the differences between the scope of Bitcoin and blockchains . According to him, these blackany not interchangeable, i.e. one is not able to perform the functions of the other and Vice versa. Two systems were developed simultaneously, but in different directions. Today, they are doing different tasks, but can not simultaneously occupy the same niche in the market.

Despite the extremists on both sides who insist on the homogeneity of the block chain, Antonopoulos speaks of the “meaninglessness” of such statements. In his opinion, these two blockchain can help each other only partially and in any case are not interchangeable.

At least Bitcoin aspires to the status of world money, and this task is very different from what is trying to achieve the project Vitalik Buterin. The two blockchains are fundamentally different core. And not even from the point of view of use and from the point of view selected designs and design two blockchains.

Next Antonopoulos explained how initial decisions and compromises made for the sake of Bitcoin that contributed to its reliability, security, and resistance to government censorship. This attracted a certain circle of people with the same vision. The Ethereum blockchain is designed is a little other views on constraints and trade-offs. He is more focused on freedom when designing software.

The Developers of Ethereum tried to cover «a wider range of issues». Respectively, and became interested in Ethereum a slightly different circle of people.

Do you Agree with this opinion? Share your answers and join the discussion in . Also look in to know about the state of the market.

Recommended

What should be the future of Ethereum? Opinion Vitalik Buterin

What should be the future of Ethereum? Opinion Vitalik Buterin

should handle at least 100 thousand transactions per second — that is the goal Vitalik Buterin. He wants to make Ethereum one of the largest networks in the world that will be able to gain a foothold in the market and get the recognition of many use...

When Bitcoin will reach 250 thousand dollars? Reply venture capital investor

When Bitcoin will reach 250 thousand dollars? Reply venture capital investor

preparing for a bullish trend, so the wave of optimism, many cryptanalysts once again beginning to make long-term predictions about the future price of the asset. Right now, the cryptocurrency is trading at $ 4030. Tim Draper believes this threshold...

90 percent of cryptoprocta will be a loss. Sad forecast analyst

90 percent of cryptoprocta will be a loss. Sad forecast analyst

I Think the stock market is starting to heat up. stabilized and even showed a slight growth, industry traders, in anticipation of the high season altcoins. However, there are fundamentally oriented cryptanalysts and traders who are not so optimistic....

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Founder of Tron: cryptocurrencies will provoke

Founder of Tron: cryptocurrencies will provoke "a new wave of Internet"

In his brief CNBC interview Justin San expressed optimism about introducing the blockchain. The founder aimed for the mass adoption of technologies aimed at the development of Cryptoprotected, and is not fixated on increasing mark...

What Aldon is the most popular among investors? Response To Weiss Ratings

What Aldon is the most popular among investors? Response To Weiss Ratings

the Last few months have been particularly fruitful for the team . «fanbase» coins is considered to be one of the most influential in the industry — no wonder XRP for quite a while took second place in our ranking of cry...

The miner has reduced the cost of mining Bitcoins by 75 percent. What's his secret?

The miner has reduced the cost of mining Bitcoins by 75 percent. What's his secret?

the Market conditions and the relatively high cost of electricity greatly reduced the profitability of cryptocurrency mining. During a bearish trend the miners are forced to seek more efficient power sources for their equipment. t...