Matt Corallo, an early BTC Core developer, said Bitcoin (BTC) maximalists should respect altcoins more. According to him, some of the alternative cryptocurrencies have potential, just like bitcoin (BTC). Recall that BTC Core or Bitcoin Core is a flagship open source software that promotes the working of the Bitcoin blockchain.
Bitcoin maximalists should stop attacking altcoins
The first cryptocurrency by market capitalization has many strong supporters like Michael Saylor and Max Keizer. These believe that BTC is the only digital asset that deserves interest. But, according to Bitcoin developer Matt Corallo who is the co-founder of Blockstream, the bitcoin maximizers are wrong. In fact, they should avoid labeling other cryptocurrencies as scams. They appreciate altcoins better because many of them are very useful.
Corallo felt that some alternative protocols are in no way intended to scam users. As proof, in the last two years, a lot of money has flowed into these networks. For Corallo, the negative behavior of bitcoin maximalists towards altcoins The progress of the cryptocurrency industry slows.
You should know that the crypto community is currently divided mainly into two groups. On the one hand, there are proponents of Proof of Work (PoS) and BTC. They believe that there is nothing more significant in the crypto sector than these two aspects. On the other hand, there are those members who feel that the use of Proof of Work consensus is very harmful to the environment.
According to Matt Corallo, bitcoin (BTC) maximalists clearly have every right to cling to their favorite digital asset. They are right to praise its unique nature. However, they should refrain from treating other crypto protocols as useless projects. After all, many altcoins like Ethereum (ETH) also have significant use cases.
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Luc Jose Adjinacou
Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.
