Ethereum’s Vitalik Buterin posted an important lesson for the crypto space. Check out some of the tweets that he shared recently.
Vitalik Buterin addresses essential lessons in the crypto space
Here’s the first tweet that he recently shared about essential subjects.
Also an important lesson for the crypto space. Way too much mental gymnastics goes into defending things that a 12 year old applying a simple unnuanced “if it offers 20% APR it’s a Ponzi” rule would correctly reject every time.
— vitalik.eth (@VitalikButerin) July 27, 2022
He continued and said: “This is exactly the permissionless ethos. We can’t lock out baddies with hard power, so we have to guard against them with our soft power.”
Not too long ago, we revealed that Ethereum’s Vitalik Buterin said that ETH would be able to process about 100k transactions per second. Check out the latest reports below.
ETH to be able to process 100k tps
Here’s a relevant tweet about what he had to say:
.@VitalikButerin claims that #Ethereum will be able to to process “100,000 transactions per second”, following the completion of 5 key phases:
• The Merge
• The Surge
• The Verge
• The Purge
• The SplurgeA quick breakdown of what each stage means for $ETH. 👇 pic.twitter.com/FnaWww8mHZ
— Miles Deutscher (@milesdeutscher) July 22, 2022
Here’s the info about the merge:
1. THE MERGE
The merging of the execution layer (current mainnet) and the Beacon Chain (new POS layer).$ETH:
• Now becomes a deflationary asset (reduced issuance)
• Cuts power usage by 99%The date of this upgrade is currently September 19th, 2022. https://t.co/O4Gmvl7aoD
— Miles Deutscher (@milesdeutscher) July 22, 2022
Regarding the price of ETH today, at the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,488. Stay tuned for more news from the crypto space and make sure to keep your eyes on the market as well.
