Why Twitter founder and Block CEO, Jack Dorsey slammed Ethereum? - BitcoinEthereumNews.com
For his recent actions, former Twitter CEO Jack Dorsey seems to turn towards bitcoin; take the forming Block for a prime example of such. Its been clear that Jack Dorsey changed his course towards cryptocurrencies when Twitter co-founder and former CEO quit the social media giant and transitioned to his another co-founded firm Block, formerly known as Square. Since the payment firm Block is focused on flagship cryptocurrency, bitcoin, CEO Jack Doresy has developed a reputation and being known as a so-called bitcoin maximalist. Alongwith showing his support for the top most cryptocurrency, he has been seen to trash other top crypto like Ethereum, etc. regularly. No doubt the former Chief executive officer of Twitter has been one of the hard core supporters and defenders of bitcoin while being harshest critics of other cryptocurrencies including Ethereum. Now this time, Jack Dorsey made a stinging attack on Ethereum again while putting a warning that the blockchain network has many single points of failure and he even called projects based on the network as not interesting. However the price of Ethereum swayed so wildly over the time of the past year but still it rose by about 30% in comparison to what it was last