Vitalik says Ethereum Apps are Screwed by Scaling
Vitalik Buterin, the Canadian genius who created Ethereum at the young age of 19, recently spoke at the Deconomy Convention.
He ditched his speech on Ethereum's upcoming upgrades to cover the more broad blockchain scalability issues. He went as far as saying Ethereum is screwed in it's current form and transaction capabilities.
We also take a look at a video of Dan Larimer asking Vitalik how he was going to solve it.
Dan created Steem, then Bitshares, in his pursuit of the ultimate blockchain. His third creation, looks like it will be a masterpiece that should deliver a frictionless, fee-less, instant and most importantly, scalable ledger. EOS will be launching it’s Mainnet version 1.0 in June this year.
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I've never thought about this in the terms that Dan was questioning Vitalik about. It's really an eye opener and I think the etc may in fact be trouble compared to something like EOS. I hope I'm still safe in steem lol because that is where the bulk of my assets are
thanks for upvoting my comment @investing . That's so kind of you. I really learn a ton from you vids and appreciate how you treat your viewers. I really look forward to my daily dose of knowledge. I'm really going at Steem like it's the right play and am feeling like I need to spend some time thinking about and investing in EOS as well. It's going to be hard to stave off my steem investing strategy to add EOS but I think from what you've described in the past that EOS is going to be a monster. I hadn't known about Dan until you pointed out who he was and what he's done so you really do a great service to your listeners. Very few on steemit take the time to do this.
Great video,,,,really outstanding video
its scaling problems will need to be fixed fast if it is to become widely adopted.
EOS
If he left honestly, there are alot of up and coming people and crypto's that would gladly take his place. He could leave and we would see someone else take on the challenge. Im sure the NEO team or any other player with tech that can scale and dapps...nice post though, I had to upvote because it shows how but hurt he is becoming, and how he thinks he has that much of an impact that leaving would make people stop this behaivior.
I think they can scale their project easily, they will be alright :)
Ethereum still has a long way to go in terms of scalability and real world blockchain use. Can't wait for Dan Larimer's reply to blockchain tech irregularities.
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This truly goes to the pith of the world we live in, both physical and computerized. We are seeing computerized spaces, ones that are controlled by voracity, shortage, and accomplishment reflecting the physical. We have to progress far from this or else we hazard essentially making new slave holders.
Cryptographic money and blockchain offers the capacity to change the course that humankind was on the most recent 100+ years (in reality longer than that yet I will adhere to the banksters).
The test isn't in the innovation however in the changing of individuals. On the off chance that we act like we generally did, nothing changes. The improvement of the weapon over the bow/bolt essentially enabled us to murder in more noteworthy numbers. The way that people were on track to continue murdering did not change by any stretch of the imagination.
In the event that blockchain is simply an advanced adaptation of the US Congress, at that point we didn't achieve anything.
everything has ups and downs. But Vitalik remains always a Giant in the world of blockchain, Ethereum has gone viral more than It was expected.
I agree
Dear @investing, Smart contracts implemented with Turing-complete programming languages are arguably the main innovation introduced by Ethereum. Ethereum smart contracts have been questioned. Buterin confirmed that Ethereum will eventually introduce formal verification for smart contracts and a new Python-like smart-contract programming language - dubbed "Viper" - Ethereum applications.