Vitalik Buterin and Joseph Lubin reveal plans to potentially work with Facebook’s Libra


  • ConsenSys CEO  Lubin said that Libra could be beneficial for Ethereum.
  • While Ethereum 2.0 was discussed, no release date was officially revealed.

Ethereum founders Joseph Lubin and Vitalik Buterin commented on the development of an update for their blockchain system. The discussion took place at the Ethereal Summit in Tel Aviv. The executives reported that Ethereum 2.0 will be interoperable with applications built on the original blockchain. However, they did not give any information on when the network will be released. 

Buterin said: 

“[Ethereum 2.0] is an updated version of the same vision. It’s a sandbox where people can try things and see what works. The thing that has changed are the tools we use.”

ConsenSys CEO Lubin spoke about potentially working with Facebook’s Libra:

“There’s definitely been some talks. There’s the possibility of interoperability with Ethereum if there’s a viable wallet connection. But I don’t see [Libra] being a viable competitor to Ethereum as a decentralized [financial system]. Actually, it could be an excellent onboarding mechanism for us.”

Buterin, though remained silent at the beginning, was affirmative about Facebook’s cryptocurrency, suggesting that facebook should work with Facebook. Buterin said:

“There’s definitely people looking at making a Libra Litecoin that runs on the Ethereum blockchain. I think we should extend an open hand to systems that are more decentralized than we would like.”


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Google Cloud integrates Band Protocol, pushing BAND price up by 40%

Band Protocol announced that Google joined the project integrating BAND oracles on Google Cloud. Band Protocol price reacted instantly, jumping by 40% to new all-time highs at $23.3. 

More Band Protocol News

Ripple aims for significant rebound toward $2

XRP price has had an impressive 240% rally since April 3, hitting a three-year high of $1.96 and moving closer to ranking third again in terms of market capitalization, only $6 billion behind BNB at the moment. 

More Ripple News

Enjin Coin on brink of colossal 45% breakout

Enjin Coin has been under consolidation for the past week, but on-chain metrics still favor the digital asset. ENJ bulls are trying to push Enjin above a crucial resistance level to see a massive breakout.

More Enjin Coin News

ETH seizes spotlight as BTC and XRP contemplate retracement

The hype around Coinbase’s IPO was matched by Bitcoin and Ethereum, which surged to new all-time highs. On the other hand, Ripple price faced an abrupt stop as investors began booking profits.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin’s mainstream adoption has soared over the last couple of months, with institutions like Visa, Goldman Sachs, Morgan Stanley, and others dipping their toes in the BTC markets. Likewise, prices look primed to advance further despite the ongoing consolidation phase.

Read the weekly forecast

BTC

ETH

XRP