Vitalik Buterin: all centralized cryptoexchanges will “burn in hell”

Home » REGULATIONS » Vitalik Buterin: all centralized cryptoexchanges will “burn in hell”
2018-07-09
Photo: LONDO
Vitalik Buterin: all centralized cryptoexchanges will “burn in hell”

Vitalik Buterin, the founder of Ethereum, commented that he would like to see how centralized cryptoexchanges will all “burn in hell” It was said by Buterin during the CCSI Blockchain 2018 on July 6 in Zug, Switzerland.

“I hope that the centralized exchanges will burn in hell, as long as possible. In practice, especially from the point of view of the traditional (fiat) currencies, it is very difficult to decentralize the work, since the world of fiat has only centralized locks. There are valuable services that are very difficult to decentralize, “said Buterin, answering the question of the presenter about whether decentralized exchanges will ever get a larger market share than centralized ones.

According to Buterin, decentralized exchanges will one day become more popular, because they offer a simple user interface, without registration and the need to create an account. Ultimately, according to Buterin (ETH / USD), even if the centralized exchanges do not disappear at all, the growth of decentralized ones will still be quite high, since they lack the possibility of “tyranny” when the stock exchanges decide which tokens to bring to the top , guided by the availability of payment for their listing, which varies from 10 to 15 million dollars.

“The further we get away from such a world into something that actually satisfies the goals of openness and transparency, the better,” concluded Buterin.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,606.79
  • rippleXRP$0.320323
  • ethereumEthereum$119.41
  • tetherTether$1.00
  • eosEOS$2.42
  • stellarStellar$0.105052
  • litecoinLitecoin$30.84
  • cardanoCardano$0.043846
  • tronTRON$0.024643
  • moneroMonero$44.64
  • iotaIOTA$0.305208
  • nemNEM$0.056120
  • dashDash$69.90
  • neoNEO$7.54
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 1
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 6
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 25
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 15
© 2017–2018