- Vitalik Buterin, the creator of Ethereum, gave his opinion on the main problems faced which are cryptocurrencies faced today.
- His publication unleashed what he called attacks by major figures in the crypto industry.
The creator of Ethereum, Vitalik Buterin, has a long history of conflicts with prominent figures in the crypto industry. Recently, he made a publication in which he explained, in his opinion, the 16 main problems that cryptocurrencies are facing today.
Five years ago, Buterin made a similar publication. The intention of the creator of the Ethereum was to update this first document, but his opinions were not well received and triggered an escalation of criticism.
Criticism on the Istanbul hard fork Istanbul by the creator of BitTorrent
The title of Buterin’s publication is “Hard Problems in Cryptocurrency: Five Years Laters”. The text concentrates on the various obstacles and problems that the cryptocurrency industry may face in the future. Buterin focused on the Ethereum network.
Later on, the social network Twitter would be the scene of the criticisms that Buterin received for its publication. One of the main critics was Bram Cohen, creator of BitTorrent, who set out to dismantle Buterin’s arguments through a series of tweets.
Here’s Vitalik’s opinions about the state of technology around cryptocurrencies. As you might expect, I think much of this is wrong-headed, and will explain (thread) https://t.co/m1FLSiiwo4
— Bram Cohen (@bramcohen) November 25, 2019
Cohen and Buterin differ especially at the critical point of the scalability of blockchains. Buterin claims that the best performance and scalability can be reached with shards on-chain. About this assertion, Cohen opined that it would not be a “real” sharding, but rather a redefinition of the nodes towards a lesser participation with partial operation.
Immediately, other industry figures joined the discussion. Adam Back,…