Vitalik Buterin: Programmability is the Only Way Ethereum (ETH) Transcends Bitcoin (BTC)

Since the inception of Bitcoin, there has been a keen interest of the masses on how the blockchain technology works. In that period, a rise of different coins all created on the blockchain technology has seen a sharp increase. And now, with the awareness, people are looking at those coins and what makes each coin unique from the other.

Vitalik Buterin, Co-founder of Ethereum has asked lovers of Ethereum to educate the masses on the concept behind the Ethereum network and Ethereum (ETH) coin.

Buterin said that Ethereum provided all the features that Bitcoin (BTC) offers, but it also provides programmability as an extra feature. Here is the quote:

“It offers all the things that Bitcoin [BTC] does, but it also offers this extra feature, which is the programmability.” … At first, we (Ethereum team) basically took the MasterCoin idea and attempted to generalize it more… Instead of saying here are the 10 different things you can do, here is a programming language that allows you to do whatever you can write.”

Buterin said that he acquired the idea of creating the Ethereum platform while he was working for MasterCoin (MC). MasterCoin mainly dealt with financial derivatives use cases. The Ethereum team borrowed the MasterCoin concept and tried to make it extensive.

This brought forth an idea for the tech community to make use of blockchain for stuff that had no relation with currency itself like key revocation. According to Vitalik Buterin, the initial model of Ethereum was to facilitate diverse financial contracts.

He was not shy to admit that majority of the applications that work on the Ethereum network are not his ideas, rather they are from the community. Furthermore, Vitalin admitted that he had not initially planned on creating a cryptocurrency, rather, it was just a development of an idea at the back of his mind.

Get the Latest from Blockchain Kingpin Vitalik Buterin

	07:46 PM	Vitalik Buterin Calls Popular Bitcoin Stock-to-Flow (S2F)...
	02:14 PM	Ethereum’s Vitalik Buterin Signs Petition To Release Virg...
	04:55 PM	Vitalik Asks: Should Ethereum Transactions Be Reversible?...
	03:08 PM	Ethereum’s Scalability Is The Biggest Bottleneck For The ...
	01:50 PM	Ethereum Founder’s Mom, Natalia Ameline, is a Core Educat...
	03:21 PM	Vitalik Buterin Considers Bitcoin SV (BSV) Nothing But a ...
	10:59 PM	Vitalik Buterin Proposes Token Mixing Service to Make Eth...
	10:05 PM	This "Vitalik Boterin" Artificial Intelligence Bot Comes ...
	05:52 PM	Vitalik Buterin Believes Microsoft Welcomed Ethereum Bloc...
	03:15 PM	Rolling Back Bitcoin Blockchain like Ethereum is “Heresy,...
	03:30 PM	Vitalik Buterin is Convinced Decentralized Finance and Et...
	09:24 PM	Vitalik Buterin Engages In A Conversation With Tesla’s CE...
	03:36 PM	Ripple CTO to Ethereum's Vitalik Buterin: "Apply Again, W...
	06:56 PM	Ethereum Co-founder Vitalik Buterin Tried To Be An Intern...
	11:17 PM	Ethereum 2.0 Will Be On Time, According to Future Forecas...
	11:16 PM	Twitter Wants to Know What Could Happen to ETH if Hard Fo...
	06:41 AM	Vitalik Buterin Expresses Disappointment in Deconomy Cryp...
	11:18 PM	Vitalik Buterin Says Decreasing Miner's Reward Schedule i...
	06:16 AM	Vitalik Buterin Likes Maker, Augur and Uniswap as Top Thr...
	08:19 PM	Vitalik Buterin's Four Major Points of Emphasis Regarding...