Andreas Antonopoulos recently got in on the future of Ethereum. In a new interview with Real Vision, he said that the vast number of potential use cases for the network makes it difficult to know exactly what lies ahead for the revolutionary project. Andreas Antonopoulos: I don't know what the future holds for ETH Andreas Antonopoulos said that Ethereum is a very versatile project. However, this means some potential problems. - The cost is that for the system to evolve, it needs to have a much faster iteration. On this path, [ETH] will stumble repeatedly. You will see spectacular and catastrophic losses," he said. He added that Ethereum "is the go-to for exploring the farthest areas of innovation that Bitcoin doesn't want to venture into or shouldn't because it would undermine its core function of generating sound money that is resilient even to state-level attacks." - The future of Ethereum is obviously much more uncertain than Bitcoin. And that's because Ethereum's use cases are much more open. It is a programmable blockchain with so many different possibilities (...). Is it an ICO, as it was in 2017? Is it other tokens, as was the case shortly before and shortly after? Is it decentralized finance (...)? Are they non-exchangeable tokens? The answer is simple: all of the above," he replied. Accept the good and the bad - The bottom line is that we need to accept both the good and bad sides of unfettered, wide-open innovation. Right now we're seeing the greatest level of innovation in cryptography, distributed systems, and financial services that we've seen in the last 300, 400 years... And at the same time, we're seeing the most audacious fraud and Ponzi schemes, pyramid schemes, and theft taking place. A lot of naive buyers and investors are getting scammed. There is a lot of defensiveness," he explained his point of view. In other words, Antonopoulos points out that Ethereum has an uncertain future. It could develop into a new type of Internet, but it could also get lost in innovation. Today, however, 1 ETH costs as much as $1,541, up more than 3 percent from 24 hours earlier. On a 7-day basis, the cryptocurrency has dropped 5 percent. Tags Andreas Antonopoulos Antonopoulos ETH Ethereum ethereum Antonopoulos
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