By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > News > Ethereum Co-Founder Explores Bitcoin Block Size War
NewsCrypto

Ethereum Co-Founder Explores Bitcoin Block Size War

Vitalik Buterin critiques Bitcoin's block size competency trap.

Rubab Fatima
Last updated: July 30, 2024 12:07 pm
Rubab Fatima 10 months ago
Share
Ethereum Co-Founder Explores Bitcoin Block Size War

Vitalik Buterin, co-founder of Ethereum, has taken a broader look at the Bitcoin block size war than he usually does. Buterin calls it a “one-sided competency trap,” and he wants to shed light on this complicated problem and help people avoid falling into its traps.

Buterin shared his thoughts on X after reviewing two books that discussed the Bitcoin block size wars. His goal is to help people in the community understand the idea better so that they can avoid this competency trap in a smarter way.

One concept I introduced in my recent review of the bitcoin block size war books ( https://t.co/Ni6qLyBAbp ) is the one-sided competence trap.

This is a pattern that I've seen appear in many different types of contexts. It would be good to better understand ways to escape it. pic.twitter.com/ebXJovuUhP

— vitalik.eth (@VitalikButerin) July 30, 2024

Ethereum’s Critique Of Bitcoin Cash


Buterin used politics to show that powerholders and power grabbers are two groups. He compared strong groups to repressive regimes, often perceived as ineffective, and compared the alternative to being too weak to bring about significant changes.

However, Ethereum Co-Founder Buterin argues that this comparison accurately captures the current state of the Bitcoin blockchain, where progress has stalled, a departure from the predictions of many. He said that most of the efforts to make options work, like Bitcoin Cash (BCH), have failed.

Buterin said the opposition must recognize a fundamental issue before addressing this one-sided competency war. After that, they need to come up with deliberate ways to fix it. 

He emphasized that simply identifying the issue is insufficient; a concerted effort is required to restore the fundamental operational principles that a blockchain requires to rival conventional payment systems.

Buterin’s review is mostly about Roger Ver and Jonathan Bier’s work on Bitcoin, but he also talked about problems that exist in Ethereum. He did say, though, that the blockchain group as a whole is more proactive in seeking and implementing better alternatives than Bitcoin.

Layer-2 scaling solutions, for example, are making fee structures much better, while layer-1 networks such as Solana, Cardano, and the XRP Ledger are making useful blockchains easier to use. The sum of these efforts moves blockchain technology forward, indicating bright chances for further growth in the future.

You Might Also Like

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

Berachain Transactions Tumble, Fee Revenues Cut In Half

Trump Media Launches $2.5B Crypto Investment Strategy

$BONK Surges 4% as Breakout Above $0.000021 Nears

TAGGED: Bitcoin, Crypto, Cryptocurrencies, Ethereum
Previous Article Shiba Inu Ecosystem Expands with TREAT Token Launch Amid Market Optimism Shiba Inu Community Boosts Burn Rate By 7,334%
Next Article David Schwartz Criticizes Quora's AI-Generated Questions David Schwartz Criticizes Quora’s AI-Generated Questions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz
Altcoin NewsNews

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz

By Muhammad Ali 4 weeks ago
MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension
CryptoNews

MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension

By Haider Ali 1 month ago
XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments
NewsCrypto

XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments

By Nayab Fatima 4 months ago
Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets
NewsCrypto

Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets

By Rubab Fatima 4 months ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?