Andresen: Ethereum Won’t Replace Bitcoin, But it’s More Decentralized

BitsPlan

FacebookTwitterGoogleVkontakteRedditEmail this page
Whatsapp

Former Bitcoin Core lead developer Gavin Andresen has clarified comments he made comparing growth in the Bitcoin and Ethereum networks.

Also read: Historic Day For Bitcoin As Bitcoin.com Pool Starts Mining

In a tweet on September 25, Andresen said:

Many interpreted this statement as a prediction Ethereum would replace Bitcoin as the world’s preeminent cryptocurrency. But that’s not the case.

Ethereum Shows Large Blockchains Can Stay Decentralized

Speaking to Bitcoin.com, Andresen clarified his comment further, saying Ethereum is an example of how a more flexible protocol can remain decentralized.

Blockchain Bitcoin UnlimitedA major argument against increasing the Bitcoin transaction block size is the risk of network centralization. Larger blocks would require more bandwidth and storage space, causing

Read more ... source: TheBitcoinNews

NO COMMENTS