Bitcoin Core Developer: Ethereum Will Be Reset

Jeremy Rubin, one of the well-known names in the cryptocurrency community, who advises Stellar Lumens and contributes to the development of Bitcoin as a Bitcoin Core developer, shared a long article suggesting that the end of Ethereum is inevitable.

In the article shared on Techcrunch and then on Reddit and Twitter, where the crypto money world talked for a long time, Rubin said, “Let me give you a guess.. ETH will be reset, Ethereum’s asset value will disappear, but the Ethereum network will continue to exist.”

“Gas Will Lose Its Importance”

According to Rubin, Gas used by the Ethereum network has no future and the Gas metaphor will lose its meaning in the future.. Although it is stated in the Stellar advisor article that it needs Gas to perform Ethereum transactions, he claims that the reality is different from this.

As you know, Gas is needed for all transactions such as token transfer and smart contract activation on the Ethereum network, and These Gases are paid in ETH.. According to the crypto money expert, for these transactions, each token can be paid in its own crypto token with a smart contract to be created instead of ETH for its own transaction. Emphasizing that with the loss of importance of the Ethereum network, the Ethereum network will become operational without the existence of ETH. He added that there is not necessarily a relationship between contracts and tokens, and that Ethereum should switch to Proof of Stake. predicts that ETH will be reset when he can receive it.

As of broadcast time le Ethereum is trading at $286.36 with a daily depreciation of 1.3 percent.

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