Vitalik Buterin, the co-founder of Ethereum (ETH) asserts that the ethereum network has the capability to resolve the most pertinent issue of Bitcoin (BTC), it’s limited functionality. He states this in an interview with Business Insider on Feb. 28.
Buterin compared Bitcoin to a plot key calculator, during the interview, he added that similar to the calculator, BTC network does one thing and it does it well. While he compared Ethereum with a smartphone, which runs various apps that are capable of doing almost everything, including acting as a plot key calculator.
Buterin elaborated his solution in a single sentence:
“So [what I did is] basically taking that same kind of [smartphone] idea of increasing the power of the system by making it more general purpose and applying it to blockchains.”
Last month, Buterin disclosed his crypto portfolio, which is virtually exclusively devoted to the Ethereum network. However, he has some non-ETH holdings, albeit less than 10 % of the value of his Ethereum holdings, this includes Bitcoin Cash (BCH), Bitcoin, Dogecoin (DOGE) and Zcash (ZEC)
Last year in December, Buterin announced that the new ethereum update will be with sharding based on proof-of-stake will be “thousands of times more efficient.” However, the said ethereum Constantinople hard Fork has been delayed due to a security vulnerability in the past and is now scheduled for this week.
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