Many cryptocurrency projects have been placed under some form of scrutiny over the last year. None more so than Ethereum. The platform co-founded by Vitalik Buterin has continuously found itself under the lights for crucial aspects such as development and scalability. While Ethereum hit highs of $1600 during the height of the bull-run, that was around a time where there weren’t many competitors providing similar (and arguably) better platforms.
Since those heights, where investors did not have many options in terms of projects of such nature to invest in, the likes of TRON (TRX) and EOS have appeared. This has only heightened the scrutiny on Ethereum.
Vitalik has continuously publicly defended not only the Ethereum platform but the entire development team working behind the scenes. While there is no date currently set for the launch of Ethereum 2.0, Buterin has stated that the project will not be delayed by “even a single day”. He continued to explain in a reddit comment that current clients are “tirelessly upgraded to better handle the load of the current chain.”
The direct addressing of these perceived flaws of the ETH network is significant. Should these long-standing concerns finally be ironed out, the wait for “eth2” will be more than justified.
This continued optimism will come as positive news to investors and users of the Ethereum platform. While the often opinionated Vitalik has never hidden from the public eye, his constant reassurances are always welcome. Nonetheless, with the prominence of projects just as TRX and EOS now directly competing with ETH in the smart contract and dapps space; his assurances will be needed more than ever.
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