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Vitalik Buterin: Cheating with the BCH Blockchain

The founder of Ethereum, Vitalik Buterin, takes position in the scale debate. He makes the proposal to the Bitcoin Cash Blockchain to Dodge. Advantages of this

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Vitalik Buterin: Cheating with the BCH Blockchain

The founder of Ethereum, Vitalik Buterin, takes position in the scale debate. He makes the proposal to the Bitcoin Cash Blockchain to Dodge. Advantages of this solution can be found particularly in the immediate Implementation. But it would still only be a temporary solution until the Release of Ethereum 2.0.

From Polina Khubbeeva
16. July 2019ETH$216,20 -5.97%part Facebook Twitter LinkedIn xing mail

Vitalik Buterin want in the short term, make use of the Blockchain from Bitcoin to Cash to scaling of the Ethereum network. These Reflections he made on the 13. July 2019 on the Blog of the Ethereum research to the public.

In the process, Buterin sees the Bitcoin Cash Blockchain as a suitable interim solution until the introduction of Ethereum 2.0. BCH take the crypto-currency has especially advantages, because hardly any users. So, finally, is the enough space on the Blockchain that can make Ethereum Own. BCH also processed 53 KB per second, while Ethereum is creating only 8 KB. Furthermore, the currency is cheaper than Bitcoin, and it provides the opportunity to confirm BCH-blocks within Ethereum. Also, the BCH Community, therefore would have no Problem with this proposal, as long as you pay the transaction fee.

Ethereums scaling-Dilemma

About scaling Buterin discussed in the case of Ethereum, with Fans and developers, however, for a long time. It is a short-term solution must be found, at least, because slowly, the space on the Ethereum Block is tight. Finally, the Ethereum network of only 15 transactions per second (TPS) allowed. For comparison: competitor Ripple braces under the whole of 1,500 TPS.

The long-term solution Ethereum 2.0 means. Currently, the Ethereum algorithm is still working on the Proof-of-Work System (PoW). Is likely that soon the transition to Proof of Stake (PoS) is coming. Because PoW-systems are, among other things, due to the high energy consumption in the criticism. First changes should be done even from the end of 2019. Temporarily but other Blockchains to mitigate the Problem of scalability in the short term, according to Buterin so, for example, BCH.

Ethereum inventor Buterin: Prodigy of the crypto-scene

Buterin is a canadian-Russian software developers, which is one of the founders and the conceptual inventor of Ethereum. Already in the school Buterin, Born in 1994, fell, with sensational excellence in the mathematical field. In 2014, he broke off his studies after he was awarded a scholarship in the amount of $ 100,000, to his Vision of Ethereum to implement.

The most recent Comments on the temporary use of BCH for many observers by surprise. In the past, Buterin criticized the network for the high duration of the block of 10 minutes. In addition, many experts consider the cooperation between Ethereum and Bitcoin Cash skeptical, because they fear disadvantages for both networks.

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