Vitalik Buterin shifts focus to Bitcoin, addresses lack of innovation, challenges faced by alternative chains.

From Investing.com

July 30, 2024 12:00:22 PM:

Vitalik Buterin delves into the Bitcoin block size war, discussing the one-sided competency trap and the power struggle between different groups within the blockchain.

He emphasizes the need for intentional solutions to address the lack of innovation in the Bitcoin blockchain, highlighting the challenges faced by alternative chains like Bitcoin Cash (BCH).

Buterin stresses the importance of recognizing the fundamental problem and actively working towards solutions to compete with traditional payment giants in the blockchain space.

While focusing on Bitcoin, Buterin acknowledges the proactive approach of developers in the Ethereum community, with advancements such as layer-2 scaling solutions and alternative layer-1 networks improving usability features.

Read more at Investing.com: Vitalik Buterin Unexpectedly Shifts Focus to Bitcoin, Here’s Reason By U.Today