Binance CEO Says He's Looking Forward to Decentralized Social Media Running on Ethereum 2.0

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Wed, 06/03/2020 - 19:15
Alex Dovbnya
Ethereum founder Vitalik Buterin addresses his recent tiff with Binance CEO, saying that he ‘didn’t want to fight’
Cover image via stock.adobe.com
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In a Twitter exchange with Ethereum founder Vitalik Buterin, Binance CEO Changpeng Zhao said that he was looking forward to decentralized exchanges that would run on Ethereum 2.0.  

image by @cz_binance

He encouraged Buterin to keep his ‘good work’ to show that there was no bad blood between the two cryptocurrency leaders.  

Moreover, CZ acknowledged that he wouldn’t be where he is today without the ICO craze that peaked in early 2018.  

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Mending fences 

As reported by U.Today, Ethereum co-founder started a Twitter after Bitcoiners rushed to pitch the top cryptocurrency during U.S. protests.

In response to CZ’s tweet about Bitcoin being ‘the peaceful protest,’ Buterin tweeted that crypto wouldn’t have saved the life of George Floyd whose killing sparked a huge wave of civil unrest over police brutality.

He also claimed that the crypto industry had to move beyond fixing finance since it was no longer the most pressing matter in 2020. 

The Russian-Canadian computer scientist recently clarified that he ‘didn’t want to fight’ and simply wanted others to think bigger.  

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A hands-off approach to social media

CZ’s call for creating decentralization exchanges if very timely considering the recent rift between Twitter and Facebook.

U.S. President Donald Trump had his tweet flagged for ‘glorifying violence’ by Twitter, with the company’s Jack Dorsey directly taking responsibility for this move. Meanwhile, Facebook chose not to censor Trump, which drew a lot of ire from the critics of the administration.   

Snapchat CEO Evan Spiegel recently refused to Trump's content, thus further politicizing social media.

Last year, Dorsey announced the ‘Bluesky’ project for creating ‘open and decentralized’ social media.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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