Vitalik Buterin unintentionally sparked rumors immediately as social media mistook a tongue-in-cheek remark as a critical endorsement of Solana because the “most scalable” blockchain on this planet.
Showing at EDCON 2023 in Podgorica, Montenegro, Buterin took to the stage in conventional Montenegrin costume earlier than introducing himself as Anatoly Jakovenko, co-creator of Solana, and praising its expertise. Ethereum’s co-creator joked:
“So, I am Anatoly, I am from Solana, and immediately I’ll inform everybody why probably the most scalable blockchains depend on nodes operating on highly effective servers.”
Buterin’s joke apparently riffs on Solana’s validator community, which critics say is just not decentralized sufficient because of the excessive value of operating a node.
Regardless of this, the outrageous joke was instantly picked up by social media, with some sources inaccurate reporting that Butering supported Solana.
Nonetheless, Buterin didn’t point out Anatoli or Solana once more after the introduction. As an alternative, he coated factors together with the poor usability of decentralized expertise, insufficient asset safety and social restoration methods.
Ethereum has challenges to beat
The Ethereum Growth Convention was held Might 19-23, bringing collectively group members to fulfill and share details about challenges and developments throughout the ecosystem. Different audio system at this yr’s occasion included Tim Beiko of the ETH Basis and former Coinbase CTO Balaji Srinivasan.
Buterin’s section was titled “Ethereum’s Massive Three Technical Challenges: Scalability, Privateness, and Person Safety,” which targeted totally on privateness. He additionally famous that in a world of little digital privateness, blockchain expertise presents an answer by way of applied sciences like no-knowledge proofs, which individuals “chronically underestimate,” Buterin mentioned.
Go simple on the consensus
Buterin’s speech reiterated factors he made this week in a weblog submit arguing that Ethereum’s consensus mechanism is fragile and ought to be used “sparingly.”
He wrote that folks anticipate blockchains to consistently comprise extra options and performance, however within the case of Ethereum, every addition results in extra fragility.
“There’s a pure want to attempt to broaden the blockchain core with an increasing number of performance as a result of the blockchain core has probably the most financial weight and the biggest group watching it, however any such enlargement makes the core itself much more fragile.”
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