Connect with us

News

Bitcoin [BTC]: Programmability is the key to surpass Bitcoin [BTC], says Vitalik Buterin

Arijit Sarkar

Published

on

Programmability is the key to surpass Bitcoin [BTC], says Vitalik Buterin
Credit: Pixabay

As the world grows familiar with the game-changing capabilities of cryptocurrency, the general public has been eager to learn about the differences that set each coin apart from its competitor. Ethereum Co-founder Vitalik Buterin reached out to crypto lovers to explain the conception and applications of the Ethereum coin and network.

When talking about what Ethereum offered, Buterin said,

“It offers all the things that Bitcoin [BTC] does, but it also offers this extra feature, which is the programmability.”

The entrepreneur also mentioned that he got the idea for Ethereum while working for MasterCoin [MC], which was focused on the use-cases for financial derivatives. He said,

“At first, we (Ethereum team) basically took the MasterCoin idea and attempted to generalize it more.”

He also added that consequentially, it provided the tech ecosystem with an opportunity to “use blockchain for things that don’t have to do with currency itself such as key revocation”. Buterin also stated that the earliest version of Ethereum was to enable general purpose financial contracts. He added,

“Instead of saying here are the 10 different things you can do, here is a programming language that allows you to do whatever you can write.”

He further admitted that most of the current applications working on Ethereum network emerged from the community itself and were not his ideas. Additionally, Buterin also conceded that creating a cryptocurrency was not a part of his agenda, but was instead, an extension of the idea.





Subscribe to AMBCrypto’s Newsletter


News

Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more

Jibin M George

Published

on

Crypto News – 26 June

Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again

Read more at https://bit.ly/2ZMkS10

Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention

Read more at https://bit.ly/2RD2BjL

Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability

Read more at https://bit.ly/2X8aA9W

Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people

Read more at https://bit.ly/31MkqSa

Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions

Read more at https://bit.ly/2X75DTr

Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]

Read more at https://bit.ly/2X5qPJw

BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million

Read more at https://bit.ly/31UvjBz

 





Subscribe to AMBCrypto’s Newsletter


Continue Reading