CNBC’s Crypto Trader: Ethereum 2.0 Is Going to $1,250
The latest episode of CNBC’s Crypto Trader just dropped, called “Ethereum 2.0 Is Going to $1,250. Here Is Why.”
In this edition from Devcon 4 in Prague, host Ran NeuNer offers a tour of Ethereum’s massive annual conference and talks with Ethereum developer Justin Drake about his response to critics who say the platform is too slow to adapt and improve.
“I think there have been mistakes and overpromising. But I think that’s just mostly miscommunication and underestimating the complexity of things.
In reality, the research has been moving extremely fast and we’ve been continuously getting better designs. And in the grand scheme of things, Ethereum is only a few years old and we’re moving extremely fast. I don’t know any industry that moves faster than the blockchain space.”
NeuNer also talks the CEO of Zcash, Zooko Wilcox-O’Hearn, who says the privacy coin is making steady progress after recently lowering transaction times from 40 seconds down to 2 seconds.
“We just launched the first ever major upgrade of Zcash. And what that does is reduce the transaction times from 40 seconds to 2 seconds…
I actually think that’s probably good enough for a serious wave of adoption because now it’s good efficient enough to operate it on mobile phones. So you can buy things directly from your mobile phone without leaking your behavior to the whole internet.”
The episode also includes interviews with ShapeShift CEO Erik Voorhees, Rob Paone of Airswap, Michael Gu of Boxmining and Omar Bham of Crypt0.