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EOS can Complement Bitcoin To Develop As a Better Store Of Value Suggests Block.one CEO


The Founder and CEO of Block.one, Brendon Blumer earlier this month had commented on Bitcoin at the 4th Annual DC Blockchain Summit which invited criticism from the Crypto Twitter community. He was apparently accused of shilling EOS by bad-mouthing Bitcoin. Block.one is the firm that provides for the different applications and development on the EOS platform.

He stated that:

“Bitcoin is Fundamentally transformative… But actually Transfer takes an hour  It’s expensive. Taking inflation into account each transaction costs about $50-$100, it can only perform 3 transactions per second for every person on the network…its huge scaling limitations”

The criticism from Brendon about Bitcoin invited negative feedback from the community as they presumed that Brendon was shilling EOS by highlighting the limitations on Bitcoin.

A disgruntled twitter member took it to Brendan Blumer by called his criticism as “ridiculous.” He mentioned in his tweet:

“CEO of Block.one @BrendanBlumer



Read Full Story : Coingape

2019-04-08 15:37:59

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Written by Coingape

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