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During the Devcon4 Blockchain Conference, which was held in Prague for 3 days from 30 October to 2 November, speakers discussed the scalability, speed and robustness of the program. Ethereum project. The panel also highlighted the possible ways to help Ethereum to reach the next million users and the contribution of designers and developers to improve the user experience in the cryptographic space. However, in a recent interview with quartz, Vitalik Buterin of Ethereum said that companies seeking to exploit the recent hype of blockchain solutions are a "waste of time".
He stated;
"Sometimes it's for hype. Sometimes they are just people who are really enthusiastic about blockchains and who want things that interest them personally and their work to be more harmonized, which is a perfectly legitimate and humane thing to do. "
Vitalik Buterin pointed out that IBM's misapplication of blockchain technology was causing "wasted time"
While asking "what precisely does waste mean". Blockchain solutions from IBM Buterin and said;
I do not quite understand this, but the detail that struck me is that they say to themselves, "Hey, we own all the intellectual property rights and it's basically our platform and you stick to it. . "Not the point ….
He observed the number of companies trying to capitalize on the blockchain and set stricter standards, but its implementation in all sectors is not appropriate. Beyond cryptocurrency as an international payment, Buterin thinks of other ideas "Whether we talk about products or autonomous identity", definitely need some time. As a product, Buterin referred to an IBM food tracking application that was intended to provide product visibility from the beginning, but he does not know whether IBM will perform it or not.
He thinks that the value of cryptography beyond money is as follows:
You create a token and you have immediate access to portfolios, multi-signature portfolios, decentralized exchanges and you only use it as a guarantee, all this infrastructure that you would not have access to if you create just a motto and try to launch it. your own server.
During the interview, Buterin enjoyed "credential authentication" in Singapore for non-financial applications based on blockchain in addition to cryptocurrency. He is optimistic about the idea he uses and said;
The idea is that when you get a degree – or potentially a record of any institution – this record will be digitally signed, but if it is revoked, a message will be published in a blockchain.
Ethereum is droEthereum has continuously experienced a sharp decline. It is currently trading at its lowest level with a value of 106.86 USD in third place after Bitcoin and XRP.
What is your opinion?
-> Do you agree with Buterin's claim on IBM Blockchain?
-> Will the crash of Ethereum continue?
summary
Article name
Vitalik Buterin, of Ethereum, criticized the IBM Blockchain and said "Not at all"
The description
In a recent interview with quartz, Vitalik Buterin, of Ethereum, said companies seeking to exploit the recent hype of blockchain solutions are a "waste of time".
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Tabbadum
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Coingape
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication badumes no responsibility for your personal financial loss.
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