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Vitalik Buterin, one of the key figures behind Ethereum, responded to the criticism of Bitcoin follower of Tuur Demeester on Altcoin.
To sum up, Demeester said that the structure and corporate culture of Ethereum is different from that of Bitcoin. The analyst doubts that Ethereum is a truly decentralized cryptocurrency and that its blockhain is actually a distributed ledger whose information can not be changed ex post facto. He also criticized smart contracts and the opportunity to use Ethereum to conserve funds. Demeester believes that the capitalization of this cryptocurrency is also overvalued at the $ 13 billion level (they were $ 14.2 billion on December 31, 2018).
Vitalik Buterin claimed to believe that the culture of Ethereum was "healthier" than Bitcoin, even if it ironically admitted that his opinion "could be preconceived". Buterin also noted that if Demeester meant – following the analyst Vlad Zamfir – that Ethereum was not "safe and scalable", then it was possible to say the same about Bitcoin.
One of the creators of Ethereum has admitted that the blockade of the previously announced blockhain has not taken place, but that does not mean that nothing has been done to increase the capacity of the distributed ledger of the currency and this is the result of the work of the developer team.
Unlike Charlie Lee, the founder of Litecoin, who estimated the success of the "second layer" of the Bitcoin blockchain in the form of Lightning Network, Buterim said that tens of thousands of problems have not been resolved. He also denied the opinion of Demeester ("Ethereum revises only old ideas") saying that he used the experience of various developers to create better technological solutions.
In general, Buterim expressed confidence that Ethereum had a bright future regardless of whether altcoin was not ranked in second place by capitalization by the end of 2018, giving rise to XRP. Previously, the BitMEX exchange manager said that the Ethereum rate could rise to $ 200 from $ 136 in 2019.
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