min to read

2019-09-17 13:52:40




News

Vitalik Buterin: Libra has little in common with cryptocurrencies

Vitalik vs Libra

min to read

2019-09-17 13:52:40

In an interview with BLOCKTV Ethereum creator Vitalik Buterin spoke about the upcoming launch of the Telegram Open Network (TON) and the digital currency Libra from Facebook.

In an interview with BLOCKTV Ethereum creator Vitalik Buterin spoke about the upcoming launch of the Telegram Open Network (TON) and the digital currency Libra from Facebook.

 

 

In his opinion, these events demonstrate the relevance of the concept of digital assets.

 

“Libra has shown to many people that cryptocurrencies are something real. This is something what will exist in the long run. Existing institutions must be ready for this”.

 

Buterin considers the access to a wide user base to be the main advantage of Libra, but so far the project has not managed to gain the trust of either regulators or business.

 

At the same time, Libra has little in common with the idea of cryptocurrencies, as it is not about the decentralization, the founder of Ethereum stressed.

 

In an interview with Globes, he also said that Libra would not provide sufficient privacy and it did not seek to do so.

 

The TON developers will have to do "a lot of work in technical and public testing", Buterin said.

 

"This (TON launch) is definitely worth watching, but at the same time it's important to remain realistic about what's possible in these kinds of areas.”

 

 

Mow has previously called Ethereum a "technological dead end."

All rights reserved © CryptoRivista