Vitalik Buterin: Ethereum will solve the problem of limited Bitcoin functionality

Co-founder of Ethereum Vitalik Buterin said that when creating his project, he planned to solve the problem of the limited functionality of the first cryptocurrency.

In his interview, Buterin compared Bitcoin with a push-button calculator, which does only one thing, but does it well. However, Ethereum, in his opinion, is more like a smartphone that can run many different applications, including a calculator.

 "So [what I did is] basically taking that same kind of [smartphone] idea of increasing the power of the system by making it more general purpose and applying it to blockchains." said Buterin.

Earlier, the creator of Ethereum said that he stores 350,000 ETH, which is equivalent to $ 51 million at the current rate and is about 1.7% of the current issue of ETH. At the end of 2018, Buterin donated about $ 300,000 in ETH to three blockchain startups - Prysmatic Labs, ChainSafe Systems and Sigma Prime.