“Imagine a bitcoin 2.0 makes no sense”

Eric Larchevêque, co -founder and former government director of Ledger – French firm specialised in security options for cryptoactive – has ruling once more on Bitcoin. In a not too long ago revealed reflection on the social community X, Larchevêque questions the concept that Bitcoin needs to be changed by a extra trendy, fast or practical model. “Someday, Bitcoin will likely be changed by a quicker and extra trendy model,” he quotes as a typical perception, after which dismiss it.

“This can be a widespread thought, which appears logical if we apply the same old patterns of technological innovation. Nevertheless, it ignores the very nature of Bitcoin and the radically completely different imaginative and prescient that embodies.”

Larchevêque, ex CEO of Ledger.

The French businessman argues that those that put money into Bitcoin – not solely financially, but additionally philosophically— They don’t search for a “higher” model of the protocol. “We are not looking for a quicker bitcoin. Not a bitcoin able to processing extra transactions per second. Not a bitcoin with further traits equivalent to clever contracts. What we worth is exactly its stillness,” he explains.

Larchevêque emphasizes that Bitcoin doesn’t compete within the profession for technological innovation that characterizes different networks like Ethereum, Solana or Cardano. “It’s an thrilling technological recreation, but additionally an elimination recreation: in 10 years, pure choice could have finished its job,” he warns. In distinction, Bitcoin is outlined by its resistance to alter, its restricted emission and its decentralized character.

“Bitcoin is in regards to the freedom to own. And to protect that freedom, Bitcoin should proceed to be what it’s: a decentralized, immutable and intensely resilient system,” says Larchevêque, who led Ledger between 2014 and 2019 after which assumed as president of the Board of Administrators.

Though he acknowledges that Bitcoin might evolve within the face of existential threats – like quantum computing – insists that Any change should be gradual, agreed and in step with foundational values of the protocol. “So long as this cultural stability prevails, Bitcoin won’t change. And that’s what makes it a mission with centuries, nonetheless related inside 100 years,” he concludes.

For larchevêque, imagining a bitcoin 2.0 “it merely is mindless.” Based on him, the historic alignment that allowed the emergence of Bitcoin – generalized indifference, decentralized development, absence of management— It’s unrepeatable. And that, he says, makes it a very irreplaceable asset.

As Cryptonotics reported, Éric Larchevêque lamented in 2023 of the disaster of belief that Ledger was going by means of because of what he thought of a foul advertising and marketing technique within the presentation of Ledger Recuperate. That is an optionally available operate of Ledger Dwell to get well non-public keys simply, with out utilizing encrypted backups, however requires confidence in third events and the participation of this firm as an uncomfortable middleman.

This debate has been left behind for Ledger, however not the one raised by the current retirement of technological assist to the Pockets Ledger Nano S, probably the most used portfolio of the corporate.