Ethereum co-founder Antoni Di lorio has revealed which cryptocurrencies he is investing in. Accordingly, the inventor of the leading smart contract platform specifically buys from 4 altcoin projects. These are ETH, ATOM, DOT and ADA.
Ethereum founder buys from these 4 altcoins
Antoni Di lorio recently participated in an interview. In this interview, the reporter asked Di lorio which cryptocurrencies he invested in. Di lorio announced that he has invested in Bitcoin and specifically 4 altcoins. These are Cosmos (ATOM), ETH, Polkadot (DOT), and Cardano (ADA). It is not surprising that the founder invested in ETH, ultimately the project he created himself. So why invest in 3 other smart contract platforms as well? Dilorio said:
“Polkadot has always caught my attention. Cosmos was truly amazing. On the Cardano side, frankly, I was wondering what the project could do. In the meantime, there are problems and limitations in each of them that caught my attention. However, I keep collecting because I am curious about what will happen next.”
“Managed by people who know the job”
Continuing his words, the Ethereum founder continued to explain his investment strategy. According to him, very knowledgeable people work in all 3 altcoins. Di lorio has more confidence in projects as he recognizes these:
“I am not involved in other projects. But there are projects like Polkadot. For example, Gavin Wood runs the DOT and is a very knowledgeable person. Wood is also among the co-founders of Ethereum. Charles Hoskinson also works at Cardano and I think the same thing. I know a lot about the people behind these altcoins. I’ll continue to watch as they work to fix the issues on the platforms.”
I will continue to buy while watching Ethereum Merge”
cryptocoin.com As we reported, Ethereum Merge took place and the network switched from PoW mechanism to PoS. Di Iorio also spoke about this issue. The founder says that Ethereum still needs to see how the transition to a PoS mechanism will serve the platform. According to him, the Ether network is currently at risk of centralization. We have witnessed in history that only two addresses perform 50% of blockchain verifications. This is why Di Iorio is concerned with maintaining decentralization:
“I am concerned with the risks of centralization of proof of PoS. I think we’ve seen that right now there are only two addresses that account for almost 50% of all verifications that happen. I’m dealing with entities that have a lot of power and validation going on right now. It’s not a perfect system, and who knows, there may be unthinkable things that could lead to greater risks.”
Di Iorio, one of the founders of the Ethereum network, seems to continue to invest in Bitcoin, Cosmos, Polkadot, Ether and ADA. At the time of writing, ETH is trading at $ 1,332.
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