Vitalik Buterin, the creator of Ethereum [ETH], a leading smart contract platform and cryptocurrency, answered questions pertaining to the project, during an interview with Kobe van Reppelen. These questions were initially asked by the Ethereum community on EthTrader sub-reddit.
Reppelen brought up a statement made by Buterin over a year ago, which suggested that the price of the cryptocurrency had outpaced its development. This was followed by Buterin being questioned on whether he still had the same opinion, considering the current price and development. To this, Vitalik Buterin stated that the developments were definitely moving forward, whereas the prices of the coins were flat, adding “so we’ll see how it goes from here; it’s really interesting.”
Buterin also spoke about what he thought were the successful examples of dApps, or utility tokens in terms of “real adoption”. Vitalik said:
“I mean in terms of like things that people are using, Maker, Augur and Uniswap, kinda seem […] clearly be the top three in, like, a lot of people’s minds I think. People are […] making trades on Augur, people are using DAI, and Uniswap is being used for exchanging all sorts of things.”
Additionally, Buterin was asked whether he was concerned about MakerDao, considering his previous tweets about the project. To this, he stated that he was worried about the fact that there was over 2 million Ether locked up in a smart contract.
[…] I feel like MakerDao team has taken a if more methodical approach to this […] but at the same time like I think it’s important for the community to have kind of a bit of skepticism about just going all the way in a head first and this like Difi thing just because it seems like cool and fancy.”
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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.