Ethereum Vs. Bitcoin: Vitalik Buterin Praises ETH, Says BTC Sees Influx of Centralized Middlemen – Ethereum 2.0 Launches In July 

The crypto market looks pretty good post-halving, and most important coins are trading in the green today.

At the moment of writing this article, Bitcoin is trading in the green as well, and the king coin is priced at $8,749.52.

Vitalik Buterin addresses the ETH decentralized movement

Etehreum co-creator slams naysayers who believe that the smart contract platform is only extending the life of the legacy financial instead of offering a decentralized alternative.

In a debate on Twitter, he responded to a statement from the founder of CriptoNoticias who said that the ETH-based decentralized movement is actually creating an ecosystem that’s filled of middlemen.

As the online publication the Daily Hodl noted, despite the fact that there is a rift between the Bitcoin and the Ethereum communities, Buterin wants to build a bridge between the two assets that will directly allow users to convert ETH to BTC and vice versa.

Ethereum 2.0 is on track for July launch

Coindesk reported that Buterin said the Etehreum 2.0 protocol upgrade which will be changing the consensus mechanism to proof-of-stake is on its way to be launched in July.

More voices from the Ethereum community commented that Ethereum 2.0 could go live around July, just as is was scheduled.

Regarding the price of ETH today, at the moment of writing this article, the coin is trading in the green, and ETH is priced at $188.88.


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Vitalik Buterin

Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.

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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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