According to the entrepreneur, each crypto -investor should wonder: what world do we want to build for future generations? You can give priority for speed and efficiency, but it is impossible to find decentralization and safety, and it is impossible to find a compromise here. Dorsi explained that the blockchain of the Ethereum is developing rapidly from the point of view of development, introducing different updates.
Thanks to this flexibility, the etherium has become a popular network on which the protocols of decentralized finance (Defi) and non -replaced tokens (NFT) are created. Bitcoin uses a completely different approach. According to Dorsy, the slow development of the network is not a disadvantage, but a feature. A team of Bitcoin developers thoroughly approaches the fact that to introduce and leave in the ecosystem, giving priority to stability and safety, and not the rapid implementation of functions.
The Bitcoin network has been working without significant failures for more than 14 years, while Ethereum has already undergone several large updates, including the transition from the consensus algorithm Proof-off -work (POW) to Proof-OF-Stake (POS). Bitcoin processes approximately seven transactions per second, and the Ethereum – about 15. Block leader emphasized that retail investors are overlooking the long -term consequences of technological innovations. The high speed of the etherium increases the attractiveness of this blockchain for transactions, however, the emphasis of bitcoin on decentralization and safety creates a more solid basis for the safe development of blockchain.
“In what world do you want your great -granddaughter to live – in safe or fast? Are you betting on a platform that can quickly adapt and introduce innovations, or to the one that gives priority to unchanged and safe infrastructure? ” – asked Jack Dorsie.
In May, the Block Square platform began testing payments in bitcoins through the Lightning Network network. In August, Block bought 108 bitcoins, bringing the total volume of the first cryptocurrency on the corporate balance to 8692 coins.
Source: Bits
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