Buterin Supports BTC-ETH Mix, as Future of Crypto Is ‘Pluralist’

Published at: Aug. 2, 2019

Ethereum co-founder said that the future of crypto is pluralist in response to a recent proposal of mixing the Bitcoin Lightning Network (LN) with Ethereum.

Blockade Games using Bitcoin LN as an interface for Ethereum contracts

On July 31, blockchain-focused game developer Blockade Games posted an article on implementation of Bitcoin LN as an interface for Ethereum contracts in order to enable instant payments in Bitcoin, while simultaneously triggering a series of events on Ethereum, or any other chain.

Ethereum co-founder Vitalik Buterin tweeted on the news on Aug. 2, drawing attention to the fact that a blockchain developer used both Ethereum and Bitcoin. When asked what about his thoughts on the initiative, Buterin appeared to encourage the move, claiming further on the thread that the future of cryptocurrencies is “diverse and pluralist.”

Earlier in July, Buterin proposed implementation of Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network.

Firm expects to launch the code on mainnet using real Ether in the next couple of weeks

While Blockade Games believes that Ethereum will be crucial to the future of non-fungible assets and blockchain gaming, the firm also thinks that Bitcoin will be the future of money, the firm stated in the blog post. Blockade elaborated that a significant number of their players prefer to hold most or even all of their funds in Bitcoin.

As noted in the post, the mechanism of integration of Bitcoin LN and Ethereum smart contracts could be a part of Blockade’s upcoming Ethereum-based role playing game Neon District.

Blockade Games has deployed the project by using its code on the Rinkeby testnet, and is planning to launch it on mainnet using real Ether (ETH) in the next couple of weeks, Blockade Games CTO Ben Heidorn said, according to a report by CoinDesk.

As previously reported, LN is a second layer over the blockchain of Bitcoin and intends to enable fast and commission-free transactions by creating payment channels between users. Recently, Cointelegraph reported that LN transactions became available on Blockstream’s Liquid sidechain.

Tags
Blockchain
Bitcoin
Ethereum
Games
Vitalik Buterin
Lightning Network
Related Posts
Top 10 tweets of the year
Yes, yes, I know: You’re an excellent Twatter, and omitting from this list your one zinger that got 50 likes borders malfeasance. Likewise, this reporter is a negligent compiler of listicles for overlooking some spicy day where your favorite trader-nee-influencer colorfully described Brad Garlinghouse’s anatomy. If it’s any consolation, please know that I hate the hellsite just as much as you do. The year was terrible for almost all of the planet, and even though crypto enjoyed a strong secular bull market, everyone still managed to come together, rise above adversity, and treat each other horribly anyway. I looked up …
Blockchain / Dec. 26, 2020
Gaming Industry Use of Blockchain May Lead to Mass Adoption
Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth and bringing added value. Among the most noteworthy of these sectors is the gaming industry. Gaming is a use case that drives true adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This drives innovation in development as well as consumer adoption. The first true blockchain gaming application was Cryptokitties. While the platform itself is a technology demonstrator for collectible items, it quickly rose to prominence as the application representing the majority …
Adoption / July 26, 2020
‘Free Transactions Cleared in Five Seconds’: Platform to Help Businesses Use Blockchain
A startup is aiming to attract social networks, gaming companies and mobile payment providers through a “full-service platform” that eliminates the headaches associated with using blockchain technology to reach customers. Aerum says its offering is geared towards entrepreneurs and businesses that create DApps (decentralized apps) based on the Ethereum protocol. According to the company, its infrastructure tackles the high transaction costs, lack of scalability and long processing times which have made blockchain an impractical choice for many firms – hampering its progress to become a mainstream force in the global economy. Through its platform, Aerum claims it can offer transactions …
Blockchain / Nov. 7, 2018
Platform rebuilds blockchain gaming with a full-scale game including lore and backstories
As it currently stands, the gaming world is set up so that distrust is common among enthusiasts with concerns around the management of in-game assets. With the economy growing quicker than ever before, players have had a seemingly difficult time verifying the scarcity of their assets or guaranteeing real ownership, not to mention the concerns around the technology being registered and monitored via a secure system. Among other benefits, blockchain has proven to help many industries that once lacked accountability. The technology itself facilitates transactions that are immutable or unchangeable between two strangers on the internet. In practice, this feature …
Blockchain / Nov. 25, 2021
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
Adoption / Jan. 2, 2022