Ethereum founder Vitalik Buterin, Ethereum will surpass Visa transactions in 2 years time


Ethereum founder Vitalik Buterin was at the Techcrunch Disrupt SF 2017, he was asked about Ethereum, and he was quoted as saying, “You basically need to have some system that keeps track of how much money you have at any given time, how much money you have the right to spend,” Buterin said. “You can very easily do it with centralized servers, but if you want to do it in a decentralized manner, it’s actually a very hard problem.”

“There’s the average person who’s already heard of bitcoin and the average person who hasn’t,” he said

“Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,” he said. “A good blockchain application is something that needs decentralization and some kind of shared memory.”



Speak Your Mind