Can Ethereum Continue Its Development Without Vitalik Buterin? - Ethereum News. Saturday, October 6th
A comment by Vitalik Buterin suggest his depart from Ethereum
Can the second largest cryptocurrency by market cap continue its development without him?
Vitalik Buterin, the most popular co-founder of Ethereum (ETH), has been engaged in a heated discussion on Twitter, due to people accusing him of using his position in the crypto ecosystem to pump altcoins, and especially, Ethereum.
The discussion began with several crypto enthusiast debating on whether or not Vitalik has been favoring certain coins whose blockchains are based on Ethereum – such as OmiseGo – to later accuse him of pumping them via his ETH holdings. He replied by telling that although he didn’t understand how holding coins made him a pumper, there has been people rebuking him for “not being pumpy enough”.
As the discussion intensified, with criticism for holding premined coins after the sell-out of the rest to retails, a user asked him if he was thinking of walking away from the project, to which he responded:
“Already in progress; watch the repos, even much of the research is being done by @dannyryan, @drakefjustin, @icebearhww and others.”
Buterin believes that in the event of him detaching from the development of Ethereum, the blockchain will continue without any problem at all. In fact, he thinks that if he were to “spontaneously combust” tomorrow, Ethereum will do absolutely fine without him.
An Ethereum ecosystem without Buterin around
When thinking that one of the most recognizable faces of this cryptocoin is going to exit the game, one can’t help but asking if Ethereum will really do well without him. However, it is possible that Buterin could be right about that.
Not only is Ethereum the second largest cryptocurrency by market cap – and it has been that way for a long time – but its network does have a strong developer ecosystem. In fact, its blockchain is considered to be one of the most actively developed in the crypto industry.
For example, major update Constantinople is being taken to the Ropsten Network (Ethereum’s TestNet) on October 14th, representing a delay of about 5 days from its initial release date, in order to further search for potential vulnerabilities that could smear its roll-out.
Other major developments are the migration from current Proof of Work consensus algorithm to Proof of Stake; the improvement of Ethereum’s coding language Casper and its fusion with scalability project Sharding, the replacement of ERC-20 token standard with ERC-777, among others.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Ethereum Marketplace LocalEthereum To Fight Phishers - Ethereum News
Vitalik and Nouriel to meet in a public debate at Laura Shin’s podcast
Buterin mocks Roubini with a daring prediction - Ethereum News
Roubini Calls Buterin A “Dictator” Of Ethereum - Ethereum News
Vitalik Buterin Believes Ethereum Has Had A “massive” Development - Ethereum News
XRP Could Be The Official Cryptocurrency of 2020 Olympic Games - Ripple News
You need to login to create comments.