Vitalik Buterin says the future of money in their diversity
|- Ethereum creator commented the idea of Lightning Network integration with Ethereum blockchain.
- The idea is suggested by Blockade Games that will be deployed in the Ethereum's mainnet within next weeks.
Ethereum founder Vitaly Buterin believes that the future of cryptocurrencies is in their "diversity and pluralism." He made this statement commenting Blockade Games 'developer's proposal to merge Lightning Network, the second layer of Bitcoin network with the Ethereum blockchain.
Earlier this week, the Blockade Games team described the process of Lightning Network implementation as an interface for Ethereum smart contracts. This solution is designed to ensure instant payments in Bitcoins and simultaneously launch a series of events in other blockchains, for example, issue Ethereum-based assets.
"By integrating bitcoin lightning network payments, we are able to accept instant payments in bitcoin directly, and instantaneously kick off a series of events on any other chain, such as minting a brand new Neon District asset to a 'buyer's ethereum or Loom Network wallet," the team writes in a blog post.
Commenting on the Blockade Games proposal, Vitaly Buterin emphasized that while the project developers call Bitcoin "the future of money," he believes that the future of cryptocurrencies is in their diversity and pluralism.
In the next few weeks, the team plans to deploy the project to the Ethereum's mainnet.
The developers noted that the code for this type of Lightning transaction is still closed, but it will be made publicly available after they are fully confident that it is secure enough.
Speaking about the frequent disputes between the supporters of Bitcoin and Ethereum, Blockade Games CTO Ben Heidorn said that these two cryptocurrencies are "two sides of the same coin."
Ethereum developer Kendrick Tan created a mixing service for the second-largest cryptocurrency by market value. His development is based on the basic specifications for such a service, described by Vitalik Buterin in May.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.