Friday , August 19 2022

Ethereum [ETH]Vitalik Buterin says he's quite sure; more ERC20 tickets will be released


In a recent interview, Bill Barhydt, CEO of Abra, discussed the progress of the Ethereum network and the applications built within the ecosystem, with Vitalik Buterin Ethereum. Buterin started the discussion by explaining the benefits and differences between the Bitcoin network and the Ethereum ecosystem. Buterin said:

“Bitcoin is a special purpose block because it is good for the same thing we do. Ethereum is a special purpose cornerstone that includes its own ETH ticket which can be used as a cryptocurrency. The Ethereum network has clever contracts in place and other chain applications can also be implemented. The ecosystem can be used for financial contracts, identity systems and all those important items on the long list of barriers applications. ”

Co-founder Ethereum admitted that the field had evolved much since his early years and had calculated that it was a universal tool that would allow other people in the community to build on it. According to him, people have thought of many applications on Ethereum, with devolved file storage methods and different methods of trimming being a key use.

Bill Barhydt asked further about the craziest applications Vitalik had seen on the Ethereum blockchain. To this end, Buterin said: t

“I have been very impressed with MakerDAO. Our system of clever contracts is publishing money that is shared with the dollar. It doesn't depend on any central systems and we hold a peg. It also includes a data fee that feeds the price, basically this means that the crypto doesn't need to comply with banks but it's still stable. ”

Vitalik Buterin also mentioned the future of ERC20 tickets and said more would be released soon. He claimed that the age of the multi-million pound ICO had passed, but the tickets can be used to represent assets and these assets can be used in video games and other applications. The computer scientist was also of the opinion that ERC721 tickets would be used to represent digital collectors and that app coins had been overlaid with their overuse.

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