Monday, May 10, 2021

Ethereum (ETH) Is a Continuation of Satoshi’s Vision –Vitalik Buterin

The co-founder of Ethereum (ETH), Vitalik Buterin, has recently associated the blockchain project with the pseudonymous creator Bitcoin (BTC), Satoshi Nakamoto.

Buterin remarked in a recent tweet that Ethereum did not emerge as an anti-Satoshi or Bitcoin killer, but the continuation of his brilliant vision.

This comment came in response to an opinion shared by a crypto enthusiast that says “Friendship ended with Satoshi, now Vitalik is my best friend.”

“IMO ethereum isn’t anti-Satoshi, it’s a continuation of Satoshi’s vision,” Vitalik Buterin responded.

Remembering the Vision of Satoshi that Birthed Bitcoin (BTC)

Satoshi Nakamoto, the creator of the first and largest cryptocurrency, Bitcoin (BTC), remained anonymous over the past decade, and he’s unlikely to reveal his identity to the world anytime soon.

On 31th October 2008, Satoshi Nakamoto had a vision to share with the world – a protocol he named Bitcoin, a new electronic cash system that is made to fully function as peer-to-peer (P2P), with no trusted third party.

A lot of things have changed since that time. Several cryptocurrencies have been created. Some digital currencies such as Litecoin (LTC) were forked from Bitcoin (BTC). Ethereum (ETH) that’s co-founded by Vitalik Buterin and presently occupies the second position in the crypto market came to the limelight a few years after the launch of Bitcoin.

Satoshi Nakamoto left the crypto community in 2010. Since he left, his vision, the white paper, and the proof-of-work (PoW) protocol have been questioned times without number over the years.

He decided to remain anonymous since his departure. At the moment, the Bitcoin community has divided into two factions over the scaling debate that started the same year Satoshi left the community.

Virtually all the Bitcoin Cash enthusiasts believe that the BTC side of the community has never had a valid excuse against raising the 1 MB block size at all costs. The Bitcoin Cash (BCH) community also believe that the stubbornness of this group led to the enabling of blowback by Core supporters, allowing a large majority of users to part ways by forking the protocol, before the introduction of the contentious Segregated Witness (Segwit).

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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