The creator of Ethereum, Vitalik Buterin, expressed the opinion that the platform will be able to survive his absence, causing many questions and rumors. Following this, he had to explain his statement.
Ethereum is the second largest cryptocurrency in the world by market capitalization. It is also one of the oldest crypto assets on the market, second only to Bitcoin.
Since the creation of Ethereum, Vitalik Buterin, the co-founder, has been one of the most ardent supporters of the project. However, his latest tweets suggested that he may be planning to leave the project soon. On October 5, Buterin was asked if he had plans to leave Ethereum. In response, he said that he was already distancing himself, and the Ethereum development team was able to survive without him. When asked how and when he decided to leave the project, Buterin responded with the following tweet:
This is already happening. Look at the repository, almost all the research is already being done by Justin Drake (@drakefjustin), Danny Ryan (@dannyryan), Xiao-Wei Wang (@icebearhww) and others.
At the moment, I believe that the Ethereum project can survive, even if I spontaneously “step aside” tomorrow.
Rumors immediately spread across the network about Buterin’s intention to leave the project, and the crypto community suspected the creator of Ethereum of treason. This caused Buterin to clarify his words in the following tweet:
To be understood correctly, “disengagement” meant withdrawal from personal involvement. I have no real plans to leave the project in the near future.
This is not the first time that Vitalik has had to clarify and clarify what was said. Last month, he had to clarify his words about the unlikely multiple growth of the cryptocurrency market. The statement about the futility of the growth of crypto assets caused a very live discussion in the crypto community.
Meanwhile, the price of Ethereum has dropped significantly over the past few months. At the time of writing, ETH was trading at $229.54. This indicates a price drop of 1.18% against the US dollar and a fall of 0.73% against Bitcoin. The current trading volume is 2,861,418 ETH, while the total market capitalization is $23,517,143,594.
You May Also Like
Bill Harris: Bitcoin Value Goes to Zero
Former PayPal CEO Bill Harris said in an interview on CNBC yesterday that the price of Bitcoin will continue to fall "and eventually approach zero." Harris also claims that he sees no value in such a means of payment.
Snowden supports cryptocurrencies, but criticizes their algorithms
In his interview with Ben Wiesner of the ACLU Project, Edward Snowden several times emphasized the vital need for cryptocurrency to have people believe in its value. Fiat currencies are essentially not worth their face value. The government that issues the currency acts as the guarantor of its face value.
