Altcoin News: Vitalik Buterin: “Ethereum Will Solve the Problem of Limited Bitcoin Functionality”

March 4, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Co-founder of Ethereum Vitalik Buterin said that when creating his project, he planned to solve the problem of the limited functionality of the first cryptocurrency.

In the interview, Buterin compared Bitcoin with a push-button calculator, which does only one thing but does it well. But Ethereum, in his opinion, is more like a smartphone that can run many different applications, including a calculator.

“So [what I did is] basically taking that same kind of [smartphone] idea of increasing the power of the system by making it more general purpose and applying it to blockchains.” said Buterin.

Earlier, the creator of Ethereum said that it stores 350,000 ether, which is equivalent to $51 million at the current rate and is about 1.7% of the current issue of ETH. At the end of 2018, Buterin donated about $300,000 to three blockchain startups — Prysmatic Labs, ChainSafe Systems and Sigma Prime.

Author: Marko Vidrih

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