Ethereum founder, Vitalik Buterin, speaks out about credit card companies. In particular, putting Visa in his sights. The idea is that Ethereum can build a network and infrastructure that can compete, and overtake, Visa – the largest payment processor.
Unlike Bitcoin and its blockchain, Buterin wants to build an Ethereum network that has more utility. Something more companies and entrepreneurs can use to build applications upon.
The big highlight at this year’s TechCrunch Disrupt conference is Buterin’s quote about building up a network that will overtake Visa in a couple years … “Bitcoin is processing a bit less than 3 transactions per second. Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the blockchain to replace Visa,” said Buterin. Granted, he’s referring to Ethereum having Visa scale capacity and not actually replacing Visa, which in itself, is more powerful anyway.
Carlson Capital's Double Black Diamond fund added 3.09% net of fees in the second quarter of 2021. Following this performance, the fund delivered a profit of 5.3% net of fees for the first half. Q2 2021 hedge fund letters, conferences and more According to a copy of the fund's half-year update, which ValueWalk has been Read More
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Article by Millennial Investing