Rajarshi Mitra
Independent Analyst
- 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.”
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Binance Coin Price Prediction: Two things need to happen for BNB to hit $450
Binance Coin price could be running out of gas to continue its massive rally. While the last five days have been exciting times for holders, the following days will need to be closely monitored. The threat of a downswing looms for BNB.
Litecoin Price: Two reasons why $100 LTC is not coming anytime soon
Litecoin price embarked on an incredible rally after the FTX-induced crash bottomed on November 9. Due to the explosive moves, many investors are in profit. However, for a further extension of this move, a minor retracement might be necessary.
Does Goldman Sachs stock market forecast apply to Bitcoin?
Goldman Sachs, a multinational investment bank, revealed In a note to investors a gloomy outlook for stock markets in 2023. The analysts believe that a short-term drop in the S&P 500 is likely. Bitcoin, however, has been highly correlated with the stock market.
Crypto.com price tightens, hinting at a 20% upswing
Crypto.com price shows a tight consolidation with higher lows, suggesting a build-up of bullish momentum. Investors can expect a 20% rally from the current position to $0.0785 in the coming week. A daily candlestick close below $0.0612 will invalidate the bullish outlook for CRO.
Bitcoin: Assessing chances of one last bear market rally for 2022
BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.