CEO Brendan Blumer criticizes Bitcoin for its “huge scaling limitations”102

Brendan Blumer, one of the executives behind EOS, criticized Bitcoin’s slow transaction times, low transactions per second, and high costs per transaction (when inflation is considered).

Brendan Blumer, the 32-year-old CEO of—a Cayman Islands-registered firm that developed EOS, one of the largest platforms for building and deploying decentralized applications (dApps)—called Bitcoin “fundamentally transformative” in terms of how financial transactions between two parties will be processed in the world’s future economy, while at the same time scrutinizing it for its limitations.

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