Cryptocurrency

Ethereum is a Flag in the Wind?

Ether, by market capitalization second largest Coin, is preparing for fundamental Changes. Because the Ethereum Blockchain, some important Upgrades are – Istanbul, Berlin and London are the names of the next Forks, and ultimately everything is (for the time being) with Ethereum 2.0, better known as Serenity. The way to get there is still long, and if you look at the development history of Ethereum, are delays in the implementation is not unlikely.

Ethereum Forks: Istanbul, Berlin, London, and Serenity

In the context of this upgrade, the announcement of which takes place on the medial well-attended conferences such as DevCon, held adjustments and improvements to the Ethereum Blockchain. Great Buzzwords that are mentioned in this context, the solution to the scalability problem, as well as the exchange of the consensus algorithm from PoW to PoS.In the context of an interview, the Ethereum founder Vitalik Buterin and Joe Lubin gave now, the issue of scalability on the agenda. The following words, which seems to be the best on the Video in the Tweet understand, are serious. For Lubin says that the Team around Ethereum already knew since the ICO that there are problems with scalability.

We knew that it will not be scalable.

The scandal here? Ready in the ICO Prospect of Ethereum Ethereum has been touted – especially in comparison to Bitcoin as a scalable and Slogo “build scalable apps on Ethereum” is used.

Bitcoin Developer Jimmy Song called Vitalik Buterin Single Point of Failure

The Bitcoin Developer Jimmy Song commented on the “current” Happening now on the YouTube channel from Tone Vays. Song, the is of course unique to the “Pro Bitcoin” stock, found clear words for the Expressions of Lubins and Buterins.He said that the Team around Ethereum change the Storyline every few months. In a Moment the talk is of Smart Contracts, in the other of Proof-of-Stake, weeks later, the focus is again in the case of ICOs, and suddenly Ether to act as a kind of money, so Song.His message here? No one really knows where the journey with Ethereum and Ether is – not even the Core Team itself. As the Song says, and I quote:

And this is what can do centralized Player. You can spread stories that persuade everybody to believe them, because they are finally at the source Central to the action, or?

The Song even went a step further and left the realm of constructive criticism. He indicates Joe Lubin and Vitalik Buterin as “Single Points of Failure”. He also said that they are aware of (!) the Storyline will have to be distorted in order to win more people for the project and also for investment.(Note: a Single Point of Failure is a term that is used in centralised and non-distributed systems. The Central Server, so here Buterin or Lubin fails, all dependent on the Server)failure of Ethereum, Vitalik Buterin, and Joe Lubin – deliberate deception? What do you think about the current statements? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock.com)

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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