Ethereum inventor, Vitalik Buterin, suggested that his technology has the ability to revolutionize a considerable amount of what is recognized in data and security.
Buterin’s remarks encompassed a strong indication that Ethereum will have the transaction dominance to counter Visa in the next two years.
“Bitcoin is processing a bit less than three transactions per second. Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the Blockchain to replace Visa.”
Buterin went on to suggest that Blockchain technology will likely offer platforms for gaming and additional data-intensive functions in the future, where security is an crucial characteristic.
MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY
Buterin has contributed as a developer to other open source software projects. Kryptokit, pybitcointools, multisig.info, and btckeysplit, just to name a few. He also contributed to DarkWallet, Bitcoin Python libraries, and the cryptocurrency marketplace site, Egora.