Vitalik Buterin shares his point of view on how Ethereum is different from Bitcoin and how Bitcoin & Ethereum have different paths.
In a recent interview, Ethereum Co-founder Vitalik Buterin talked about the main difference between bitcoin and Ethereum. And also he shared about the other trend of the crypto market life NFTs Defi.
When, Vitalik questioned, whether flippening could take place in the future in between Bitcoin & Ethereum. Then Ethereum Co-founder said that “yes it could” in terms of market capitalization. And further added
“Bitcoin is a platform where the value of the ecosystem comes from the value of the currency, but in Ethereum the value of the currency comes from the value of the ecosystem.”
After this, Vitalik talked about the success of the Ethereum London hardfork with EIP-1559 and claimed that “when you have the fees burnt, that then becomes true in a more direct economic sense.”
After this discussion of the Ethereum potential and future, Vitalik was questioned whether DAO will be the next trend of the crypto market after Defi & NFTs. Then Vitalik replied
“I think DAOs are definitely going to be more important over time”
After this, the conversion shifted on the current ongoing trend of the crypto market, NFTs. Vitalik questioned what he thought about the increasing trend of the NFTs. Then Vitalik said that it is interesting from the perspective of cultural interest. And further added
“Ethereum bring people into Ethereum that have a completely different mindset than DeFi and regular crypto people for example.”