Blockchain “is much bigger than just Bitcoin”

• People need to know that blockchain has transformed from being “just about Bitcoin.”
• Governments do have a regulatory role in the industry.

Vitalik Buterin is popular for the creation of Bitcoin’s competitor Ethereum. The “skinny visionary” was a speaker at the Blockchain Futurist Conference. However, he was also interviewed by the Star where he shared a lot about the blockchain and the journey in the cryptocurrency field.

According to Buterin, people need to know that blockchain has transformed from being “just about Bitcoin.” He says that blockchain is much bigger than Bitcoin and can take “a lot of different versions.”

He explained:

“For bitcoin, the idea is that you have decentralized cryptocurrency running on blockchain and protected from corporate and state control that’s not going to deflate on you and it’s not going to get confiscated. The blockchain is just a tool to make that specific thing possible.”

While comparing…