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There are all sorts of different cryptocurrencies out there. However, despite the current state of upgrades, new technologies, use cases, and more that the industry currently finds itself in, nobody can be entirely sure as to what projects will make it in the long run. But, we can be sure that Vitalik Buterin, creator of Ethereum (ETH), has the utmost confidence in his project.
Bullish on his tech
The project has been working on its 2.0 upgrade for quite some time. However, because the changes have consistently been delayed, enthusiasts and analysts are starting to lose faith in the project and its team. Buterin, though, has not.
Speaking on the “Unchained” podcast, the Ethereum founder claims he has always been aware that his project, the one that created blockchain smart contracts, would fall from its number two spot eventually, reports NewsBTC.
This is true in any industry. The project that establishes an idea is rarely the one that makes it mainstream. Instead, others usually pile on with more money, ideas, and time, and break through to the rest of the world to profit. Litecoin (LTC) intends to do so by beating Bitcoin (BTC), for example. But, despite this inevitability, Buterin is anything but worried.
Keeping things going
Speaking on Reddit, the creator comments on Ethereum 2.0 and a few other Ethereum projects that are making headway:
“State channel and Plasma and ZK rollup devs are similarly steadily moving forward, as are the 1.x rent proposals. The existing 1.0 clients are being tirelessly upgraded to better handle the load of the current chain, with a huge victory a few months ago in dropping uncle rates as well as constant improvements in block propagation. When you’re making a bet on the ethereum ecosystem, it’s those silent armies you are betting on.”
Just because a project isn’t constantly making noise, that doesn’t mean things aren’t moving along. Buterin knows this and claims that all teams are “still continuing work right on schedule.”