Crypto is a bubble, bitcoin is bad with technology - Vitalik B | Top DeFi

Crypto is a bubble, bitcoin is bad with technology - Vitalik Buterin

Vitalik Buterin gave an interview to CNN. He suggested that bitcoin could give up under the Ethereum onslaught if it ignores the looming technological changes. The words "bubble" and "burst" were also heard in the interview.

As for the popular wars last week around green mining, Vitalik has a ready answer here too - the first cryptocurrency is expected to make technological changes, and the only chance to maintain its dominance is to follow them. And if bitcoin doesn't do that, well, it's worse for it. The second largest cryptocurrency will take its place. The Ethereum network is currently protected by the same consensus method as bitcoin, the Proof-of-Work algorithm. However, these problems will be solved with the network's upcoming transition to ETH 2.0, which will introduce the Proof-of-Stake algorithm. The PoS algorithm is estimated to be 99% more energy efficient than PoW.