RATE Group | Ethereum Dev’s Ambitious Idea with Bitcoin Shunned by Experts citing Network Value
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Ethereum Dev’s Ambitious Idea with Bitcoin Shunned by Experts citing Network Value

20 Jan Ethereum Dev’s Ambitious Idea with Bitcoin Shunned by Experts citing Network Value

Posted at 04:36h in Ethereum News by

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The tech savvy part of cryptocurrency and Blockchain often implements ideas to gain value from the main blockchain’s success. Bitcoin Hard Forks are a prominent example of it.

Now, David Hoffman, an Ethereum product developer recently expresses bullish sentiments in favor of BTC transactions on Ethereum. He tweeted,

Like Tether, BTC will also eventually migrate off Bitcoin in favor of a more functional settlement layer. Bullish on BTC on Ethereum.

However, the idea was soon met with opposing views from crypto-twitter, including Eric Connor, an Ethereum developer nonetheless. The CEO and founder of Blockstream, Adam Black, was particularly not impressed with the idea. He replied,

BTC is the best (crypto) “functional settlement later” you realize eth is struggling in that regard wrt scale, reliability, security.

While Bitcoin [BTC] holds quite a bit of value, the scalability issues remain to be a big hurdle to global adoption. Nevertheless, Ethereum faces similar issues and…

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