Vitalik Buterin, the co-founder of Ethereum [ETH], spoke about other blockchains taking the lead, during an interview with Laura Shin at the Unchained Live event. He also named the project he thought was a competition to Ethereum.
According to a report by BreakMag, Vitalik Buterin spoke about whether he was worried about the world’s second largest cryptocurrency losing its position in the space, in light of the emergence of new projects such as Polkadot. To this, he stated that new projects were usually optimistic in their initial days, citing the example of Bitcoin sidechains.
The initial conception of Bitcoin sidechains was that it was “going to kill Ethereum,” he said. However, in reality, “there’s really only working Bitcoin sidechain.” Buterin concluded by stating that he was “definitely not worried” about projects such as Polkadot replacing Ethereum.
Laura Shin also questioned Buterin on whether he would personally be upset if another blockchain took the lead. It would depend on the blockchain, he said, adding that relations were friendly between ZCash and even, Ethereum Classic. However, if Tron were to take over Ethereum, Buterin stated that he would “have lost a certain amount of hope for humanity, not nearly all.”
Vitalik Buterin also spoke about the project he believed was the “most promising competitor” for Ethereum. He said,
“Dfinity. Dominic [Williams, the president and chief scientist of Dfinity] and I use the aspirational term ‘sister network.”
During the interview, he also addressed the question of whether he was worried about Ethereum’s token sale being deemed as a securities sale. Buterin replied in the negative, stating that the Foundation’s legal team was paying close attention to it.
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