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.
I really and truly think it’s the opposite. BTC people seem happy to have lots of centralized middlemen (bitmex, tether, liquid….) and it’s the ETH community that’s trying to decentralize these functions with smart contract constructions.
— vitalik.eth (@VitalikButerin) May 8, 2020
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.
We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It’s embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly.
— vitalik.eth (@VitalikButerin) March 24, 2020
Ethereum 2.0 is on track for July launch
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.
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.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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.