The ethereum will be identical to the VISA in just a few years from now

believed Vitalak butyrin, mind thinker behind ethereum , that what he said Broadcaster Ravekant so - called "brain virus" is the real future of the economy and the security of the existence of appropriate incentives. Where etherium can replace things like credit card networks and even game servers.

Butrein separated the world into two types of people. He said:

"There is the average person who has already heard of the bitcoin and there is the average person who has not yet heard of it." His own project was built on this concept by adding more benefit to the blockchain, thus creating something that everyone wants to hear about. He added:

"ethereum basically comes from taking the idea of an encoded economy and the kinds of economic incentives that make things like bitcoin. go towards creating decentralized networks with memory for a whole range of applications. "The application of good plaque requires decentralization and a kind of shared memory." This is what he hopes will happen, and what he hopes others will build on the ethereum network.

At present the network is very slow for most mainstream applications. "Bitcoin handles about 3 deals per second. ethereum processes five deals per second. So it will take a few years for the blockchain to replace the visa. "

Puterin does not believe that everything should work on the blockchain, but there are many things that can. With the expansion of this technology, it can grow to replace many services requiring parallelization - programs that must be run at the same time. You can also run StarCraft on the blockchain as these kinds of things are possible. The high level of security allows all these different things to be built at the top. The ethereum is a secure base layer that does not have many features. "Encryption is an incentive at different levels. You can not think of the security of the proxy protocols without incentives. "

the source :- arabs bit