Bitcoin, Ethereum
and other high-profile cryptocurrencies are embroiled in debate these
days, as companies and individuals seek other sources for transactions
outside of simple fiat currency.
Ethereum, the Blockchain technology-based application
platform, has gained increasing popularity with developers and
individuals alike. The platform is being utilized especially heavily
with the ICO boom that has occurred in recent months.
Buterin on the power of Ethereum
Vitalik Buterin, speaking at TechCrunch Disrupt 2017,
indicated that the platform has the capacity to change much of what is
known about data and security. His comments included a strong indication
that Ethereum will have the transactional power to equal Visa in the
next two years. Buterin said:
“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.”
Gaming platforms
The Ethereum inventor also indicated that Blockchain
technology will likely provide platforms for gaming and other
data-intensive applications in the future, where security is an
important aspect.
“You could run StarCraft on the Blockchain. Those kinds of things are possible. High level of security and scalability allows all these various other things to be built on top. Ethereum is a secure base layer that doesn’t have too many features.”
