Why is Ethereum so hard to manage in a business that still includes Bitcoin?

Billionaire tech entrepreneur and CEO of Square and Twitter, Jack Dorsey (Jack Dorsey) is a well-known Bitcoin "extremist" in the crypto community, and he just announced it.

He is one of the Bitcoin extremists and does not consider any blockchain network other than Bitcoin. Its recent comments on Ethereum (the second largest cryptocurrency by market cap) repeat it.

However, it is clear that the Ethereum network continues to play an important role in the cryptocurrency industry. The goal of this network is to make blockchain technology as efficient as a nonprofit platform to create and execute smart contracts, and not as a commodity that can be traded or traded for profit like Bitcoin. , has certainly accomplished this as it is by far the largest market for DApps development.

Key Applications The library lists over 1,000 applications on the Ethereum blockchain, including finance, art and writing, games, and tech, with many more still in the works.

Many cryptocurrency market participants think this is a strong discussion about Ethereum, but skeptics stick with it forever, and Jack Dorsey is one of them.

In a recent Twitter comment, Dorsey expressed skepticism about Ethereum's ability to disrupt the “big tech” industry. In response to a tweet from an Ethereum sponsor and to the “Cory.eth” issue, Dorsey said technology companies [such as Twitter] fear Ethereum. It is not a form of protest.

It should be noted that this conversation was sparked by a message he posted on another Twitter that included the ability to link a Twitter account to a blockchain and verify its authenticity with NFT. Dorsey says he believes in the idea, but the only blockchain he decides on is Bitcoin. Because the account must be connected to the blockchain on the Lightning network.

"After all, 'big tech' is what we want and what we want. But no technology can do it alone."

Dorsey has always loved Bitcoin, so her work didn't surprise the community. However, while he doesn't necessarily hate other networks, he has emphasized his hostility towards other networks by choosing Bitcoin as a target.

“Focusing on one thing doesn't mean ignoring the other,” he said in a subsequent tweet.

Skeptics of the ETHereum network, but the network has grown over the years and is still in transition to meet its goals. A reliable indicator in this regard is the upgrade that the network has made in completing the ETH 2.0 update that will change the rules of the game, making ETH proof between partners and consumers d weak ecosystems, and will upgrade it. solution to be exploited.

Despite this, it appears that some of the most famous business partners, including Reddit co-founder Alexis Ohanian (Alexis Ohanian), have full confidence in Ethereum. Both Musk and Ohanian have indicated that they have ether. The former even holds its Ethereum socket as the largest in its crypto box. This means that both players saw the future of Ethereum.