Vitalik Buterin: Bridge Must Be Built Between ETH and BTC

Under current conditions, users need to use third-party exchanges to convert their Bitcoins (BTC) into Ethereum (ETH). Ethereum creator Vitalik Buterin proposed a solution that would facilitate the exchange of leading crypto assets among themselves.

Buterin, in his statement on Twitter, suggested that users can convert Bitcoin directly to Ethereum, to build a bridge over DeX to establish a reliable and decentralized exchange system. In his sharing, he also called it embarrassing that there was no direct exchange between the two largest crypto assets.

Buterin also mentioned the necessity for the decentralized exchange, which was proposed to be established, to also enable automatic exchange between other Ethereum-based currencies (tokens). Unlike other exchanges, this system will pave the way for instant changes, not creating orders.

Buterin also stated that DeX bridges should be set up to ensure direct transitions between ETH and other cryptocurrency ecosystems, and that he also contacted the team behind ZCash to improve this issue.