Block.One EOS Executive Brendon Blumer Condemns BTC For Its Blockchain Scaling Limitation
The CEO of Block.one and one of the chief executive of EOS recently criticized Bitcoin for its slow transaction times, low transaction speed and high transaction costs. The 32-year-old CEO of Block.one, a Cayman Islands-registered software development firm that helped create EOS, one of the leading platforms for deploying decentralized applications (dApps) is generally a supporter of Bitcoin, however, realizes its limitations.
He had even Tweeted in the support of Bitcoin a few days earlier saying:
“Over the next two decades, Bitcoin will replace gold as the leading commodity to store value."