Vitalik Buterin: Visa-Scale Transaction Capability in 2 Years?

"IT WILL TAKE A COUPLE OF YEARS FOR THE BLOCKCHAIN TO REPLACE VISA”

0
337

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.

CLICK HERE FOR MORE BLOCKCHAIN NEWS

Leave a Reply