Ameen Soleimani Spanks Ethereum, Suggests Leadership

Ameen Soleimani Spanks Ethereum, Suggests Leadership

Ameen Soleimani has given Ethereum developers a spanking over their slow progress in upgrading the network. The SpankChain CEO launched a scathing attack on the project, arguing Ethereum 2.0 is simply taking too long to be deployed.

Also read: A Scrum, The Lightning Network, and the Return of the Maximalist

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SpankChain CEO Gives Ethereum a Spanking or Two

SpankChain is a peer-to-peer payment platform for adult performers. Its founder and CEO, Ameen Soleimani, left ConsenSys to start the venture, and has always been a supporter of Ethereum, with his company’s tokens running on the network. But it looks like he is turning up the heat on the third largest crypto by market cap.

Soleimani outlines a number of concerns he has in a report entitled “The State of Ethereum 2.0”, published in conjunction with consultancy firm Kyokan. He cites a lack of funding, a lack of vision among the development team members, and–controversially–a lack of leadership.

Outlining Ethereum 2.0

The report begins with Soleimani outlining what Ethereum 2.0 is before proceeding to describe the problems it is, in his eyes, facing:

“Ethereum 2.0 refers to a set of specifications that will dramatically improve the performance characteristics of the Ethereum blockchain. As of this writing, it does so by merging and improving upon research from two older specifications: “Casper,” which introduces a proof-of-stake consensus mechanism, and “sharding,” which introduces the splitting of transactions across a number of “shards” secured by the main chain. These specs confer the following benefits to Ethereum users:


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