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Maker DAO Founder: Ethereum 2.0 Defined to be Blockchain Transcendent

Maker DAO Founder: Etherium 2.0 Defined to be Blockchain Transcendent

  • Christensen stated that both the digital currencies bitcoin and ethereum have the potential to become digital gold.
  • Ethereum 2.0 would have a lot of advantages and also would be great as Ethereum blockchain.

After several influencers pointed out similarities between Bitcoin and gold, the term digital gold has been used on crypto. Some thought that this comparison is good to view bitcoin as digital gold. While some others thought that was defying the fact that bitcoins use case digital cash.

Christensen stated that both the digital currencies bitcoin and ethereum have the potential to become digital gold. However, considering the previous records of bitcoin, he suggested that king coin had envisioned differently to include the records that Defi and stablecoins are doing today.

Taking the same, he believed that this is the thing that drove several people to Ethereum. Christensen said that

“so I mean that different types of technology use different types of use cases and bitcoins use case turns out to be digital gold which is great but its not the real version of digital cash.” 

The volatility of the bitcoin has depreciated over the years. At that time, the volatility of the index of bitcoin is 2.74%. Christensen also stated that bitcoin to go from digital gold to digital cash it needed stability, which is not likely as when we consider the volatile nature of Bitcoin. 

Christensen mentioned that “the way that we think about scalability in general and just like, which blockchain to choose in general. You must not depend on single blockchain for the scalability.” He believed that Ethereum 2.0 would have a lot of advantages and also would be great as Ethereum blockchain. It was structured in a way to be a blockchain transcendent.

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About Steve Anderrson

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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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