Here’s what Vitalik Buterin wants Ethereum to pick up from Bitcoin

Sahana Kiran
Source – Unsplash

Ethereum [ETH] has been in the crypto market for quite some time now. The altcoin soon grew into becoming the second-largest cryptocurrency. Despite taking leaves out of Bitcoin’s books, ETH was still very different from the BTC. Now, both networks have witnessed immense growth. Yet, the co-founder of the Ethereum network, Vitalik Buterin is yearning to induce one quality of Bitcoin into the ETH network.

In an elaborate Twitter thread, Buterin highlighted the contradictions as well as his desires for the Ethereum network. Starting with Bitcoin, he pointed out that he wishes for ETH to attain long-term stability like Bitcoin.

Even though Buterin hasn’t specifically mentioned stability in terms of price, the community started bringing up the volatility aspect. Bitcoin and cryptocurrencies, in general, were disregarded for years for being extremely volatile. While this is slowly changing, the latest drop in the crypto market scared an array of them away. Despite this, BTC was back over $30k. During press time BTC was trading for $30,486 with a 2 percent surge over the last 24-hours.

The 30-day volatility index of Bitcoin, during publication, was 4.45 percent and the 60-day was 3.45 percent. The volatility index chart also highlights the steep drop in the asset’s volatility.


The latest dip seems to have had no major influence on the volatility either.

Ethereum, on the other hand, recorded a 30-day estimate of 5.26 percent and a 60-day estimate of 4.35 percent.

Ethereum co-founder, not a fan of million-dollar monkey pictures?

In the same thread, Buterin went on to highlight an array of things. This included NFTs as well. The fervor around NFTs was so high that celebrities and the average Joe wanted all of it.

The Ethereum co-founder, however, seemed to dislike modern financial blockchain applications that sell for millions of dollars. Detailing about the same, he said,

“Contradiction between my dislike of many modern financial blockchain “applications” ($3M monkeys etc), and my grudging appreciation for the fact that that stuff is a big part of what keeps the crypto economy running and pays for all my favorite cool DAO/governance experiments.”