Home / Ethereum / Ethereum [ETH] it's better because Vitalik is involved, says ShapeShift CEO

Ethereum [ETH] it's better because Vitalik is involved, says ShapeShift CEO



Erik Voorhees, CEO of ShapeShift, spoke about Ethereum 2.0, of the influence of Vitalik Buterin on the Ethereum ecosystem and the adoption of the real life of Ethereum and cryptocurrencies, in an interview with CNBC Crypto Trader.

The CEO started talking about the scale issues of Ethereum and the time needed to deliver what the Foundation promised.

During DevCon4, Vitalik Buterin, the co-founder of Ethereum, unveiled more information on Ethereum 2.0. Buterin has declared that Ethererum 2.0 will have the Picket Proof [PoS], Scalability [sharding], VM improvements [EWASM], improvements in the logic of cross-contact and economy of the protocol. With these implementations, the network will be 1000 times more scalable and will increase transactions to 14,000 per second.

Voorhees said:

"Yes, I mean it will happen or people will move to other blockchain and other encrypted and that's okay, I mean, this is a hyper-competitive industry where people are building the future of finance and there are many incentives in All directions ".

He also stated that Ethereum will be one of the major chains as it has network effect and more developers than any other project in the world.

Voorhees also talked about whether the entire ecosystem of Ethereum is centralized around Buterin. He said that Buterin is "obviously" a point of centralization. He also added:

"But if Vitalik had been hit by a bus and disappeared, would Ethereum be gone? No, I mean he would be cut off at half the price for a month or so but Vitalik does not handle Ethereum, he does not control it. great influence and he is a brilliant person, so Ethereum is better because he is involved. "

The ShapeShift CEO also expressed his opinion on how long it would take to witness the adoption of the real life of cryptocurrencies. Voorhees stated that adoption does not take place at the moment. He continued to compare it with the adoption of the Internet, in which it took a long time for people to accept the revolution. Voorhees added that adoption takes more than two decades.

Nonetheless, Voorhees stated that the non-fungible token of the game on the Ethereum platform will be one of the first things that will get mainstream adoption. He said:

"These tokens that fundamentally represent game resources will be very popular." I think the criptokitti have kicked off an enormous trend and this will bring a lot of people who do not care about the crypto-side in the crypt. "


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