1 year ago
Vitalik Buterin inadvertently sparked rumors contiguous arsenic societal media mistook an ironic remark arsenic a superior endorsement of Solana arsenic the world’s “most scalable” blockchain.
Appearing astatine EDCON 2023 successful Podgorica, Montenegro, Buterin took the signifier successful accepted Montenegran formal earlier introducing himself arsenic Anatoly Yakovenko, co-creator of Solana, and touted its tech. The Ethereum co-creator quipped:
“So, I’m Anatoly, I’m from Solana, and contiguous I’m gonna archer everyone astir wherefore the astir scalable blockchains trust connected nodes moving connected almighty servers.”
Buterin’s gag seemingly riffs Solana’s validator network, which critics accidental is not reasonably decentralized owed to the precocious outgo of moving a node.
Nevertheless, the off-handed gag was instantly picked up by societal media, with immoderate sources incorrectly reporting that Butering had endorsed Solana.
However, Buterin made nary further references to Anatoly oregon Solana pursuing the introduction. Instead, helium covered points that included the mediocre usability of decentralized technology, inadequate plus security, and societal betterment systems.
Ethereum has challenges to overcome
The Ethereum Development Conference ran from May 19 – 23, bringing unneurotic assemblage members to conscionable and stock accusation connected the challenges and developments wrong the ecosystem. Other speakers astatine this year’s lawsuit included Tim Beiko of the ETH Foundation and erstwhile Coinbase CTO Balaji Srinivasan.
Buterin’s segment was titled “Ethereum’s large 3 method challenges: scalability, privacy, and idiosyncratic security,” which focused astir heavy connected privacy. He besides pointed retired that successful a satellite of small integer privacy, blockchain exertion offers a solution done technologies specified arsenic zero-knowledge proofs, which radical “keep chronically underestimating,” said Buterin.
Go casual connected the consensus
Buterin’s speech reiterated points helium made this week successful a blog post arguing that Ethereum’s statement mechanics is fragile and should beryllium utilized “sparingly.”
He wrote that radical expect blockchains to battalion much features and functionality continually, but successful Ethereum’s case, each summation leads to greater fragility.
“There is simply a earthy impulse to effort to widen the blockchain’s halfway with much and much functionality due to the fact that the blockchain’s halfway has the largest economical value and the largest assemblage watching it, but each specified hold makes the halfway itself much fragile.”
The station Vitalik Buterin’s Solana jokes misinterpreted arsenic an endorsement appeared archetypal connected CryptoSlate.
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