HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Vitalik Buterin on ETH Rivals: “Ethereum Has a Lot of Room to Succeed and Prosper”

Altcoins 2020/05/23 16:55 by Nick James
Ethereum 2.0 game-changer, testnet nears 20,000 validators within two days

Ethereum’s co-founder Vitalik Buterin has been a popular figure in the crypto industry for years, and has been touted as one of the most influential players that have greatly contributed to the development of the popularity of the blockchain technology. Ethereum has done well to hold tight onto the number two position on the charts – just a number down from Bitcoin that is the top crypto.

Its forthcoming upgrade, ETH 2.0 has been in the works, a significant network innovation that has long been expected to usher in great changes in the industry. However, as usual, critics have moved to argue that the new network isn’t really that special or effective. On his part, Vitalik has sought to respond to the critics and rival networks by way of embracing competition.

Competitors In The Same Box

In a twitter post, Vitalik said that Ethereum still has room to succeed and prosper. Interestingly, he went ahead to mention another crypto, Zilliqa, saying that it has the same potential. Currently, Zilliqa (ZIL) sits at position 62 on the charts, with a total market cap of around $99.2 million and trading at around $0.0097. Zilliqa has a trading volume totaling $30.7 million.

From the look of it, Vitalik’s objective in mentioning both ETH and ZIL in the same terms was meant to demonstrate his willingness to embrace competition and foster the growth of the crypto and blockchain community as a block as opposed to the tribalistic mentality that has plagued the industry for years. 

Civil Discussion Coming Up

Granted, the crypto community has been known to react to such posts by popular players, and Vitalik’s post was no exception. Various crypto aficionados came out in numbers to support him in his assertion, with a common consensus that recognizing competition where due is really the better way forward for the community. 

Reacting to Vitalik’s post, Zilliqa’s twitter handle extended an invite to Vitalik for a civil discussion covering both Zilliqa and Ethereum. Truth be told, such a forum would be both exciting and greatly illuminating for the eager crypto community.

0 Like(s)



You should also read...

Altcoins 03/07/20 15:28 by Nick James
Tron Joins Bitcoin, Binance To Have Own Emoji On Twitter Ahead Of Major Upgrade
It’s a great week for the TRON community as TRX bags a Twitter emoji. It’s a fact that the crypto space is most active and thriving because of the many social media platforms that support cryp...
Read More
Crypto 15/07/20 10:33 by Mr Oak
Compound (Comp) Took The Crypto Market By Storm, But Is There More To It?
Compound, a decentralized lending application on the Ethereum blockchain is now the “hot shot” in the crypto world. COMP, the governance token of Compound was launched on June 16 and only took ju...
Read More
Mining 20/07/20 09:42 by Mr Oak
Dogecoin Mining Gaining Grounds as it appears to be Profitable than most Altcoins
Dogecoin seems to be gradually moving away from its ‘meme’ status to an everyday coin on the crypto market. The coin was created as somewhat of a joke during the latter stages of 2013 and since a...
Read More
Crypto 01/09/20 10:41 by Guest Author
Crypto Roundup: August 31st, 2020
All eyes are on Ethereum this week as DeFi continues to drive the market higher. The second-largest cryptocurrency has now reclaimed $400 while the total market cap has surged to its highest levels si...
Read More
Altcoins 13/09/20 00:11 by Nick Chong
Why Ethereum DeFi’s Yearn.finance (YFI) Just Surged to New All-Time High
Ethereum’s DeFi darling, Yearn.finance (YFI), has surged 15% in the past 24 hours as buyers finally step in. This comes after the coin corrected 50% in the span of a week due to weakness in Bitc...
Read More