EDIT:added cointelegraph to the list which is marked as "unreliable source" by the automod... good to know...Gee, what a surprise, right? But good news for Cardanos, Polkadots, Tezos, etc.Some funny quotes from VB“One of the biggest problems I’ve found with our project is not the technical problems, it’s problems related with people”."Buterin said that building Ethereum took more time than he had anticipated. “At the beginning, I thought we might do a blockchain in three months… but we found out that it takes 18 months to finish,” Buterin said. “We thought it would take one year to do the proof of stake, but it actually takes six years.”“If you are doing a complex thing that you think will take a while, It’s actually very likely to take a lot more time,” Buterin said. “It’s something that a lot of people will tell you, but if you haven’t done a project yourself, you might not believe it — but it is real.”“We actually call it Ethereum 2.0 a bit less because we want to emphasize that, this isn’t throwing out the existing Ethereum platform and making a totally new one. It’s a much more kind of incremental set of changes,” Buterin said.Vitalik Buterin, co-founder of Ethereum and one of the industry’s prominent thought-leaders, recently spoke at the Hong Kong’s StartmeupHK Festival 2021 tech conference. Among many topics, Buterin shared his thoughts on Ethereum’s hotly-anticipated shift from proof-of-work (PoW) to proof-of-stake (PoS).To the disappointment of many however, Buterin revealed that the upgrade is unlikely to occur until late 2022. While many have believed the delay was due to the technically-burdensome transition, the actual issue is apparently something different.This might come as a surprise, as many people had thought the delays to PoS were due to computational, or programming-based issues, as changing the consensus algorithm of the largest blockchain ecosystem certainly sounds tough. But this is apparently not the case.He spoke about disagreements and issues with the Etheruem team, stating that “we have a lot of internal team conflicts in these five years. If you are building a team, it is important to know who you are working with”. This is not the most shocking revelation when you consider how many Ethereum co-founders have left in the past to build rival blockchains. Just think of individuals such as Gavin Wood, co-founder of Polkadot and Kusama, and Charles Hoskinson, founder of Cardano. In fact, of Ethereum’s original co-founders, Buterin is the only one still at the company.Buterin’s reveal that it is the people holding back Etheruem’s upgrades, rather than the technology, is bittersweet. On one hand, it shows that the upgrades are computationally and practically possible, meaning that we will eventually see them rolled out in the future. But on the other hand, it gives us a damning picture of how the Etheruem team functions and operates. Buterin’s citing of team conflicts also seems contradictory to what we have previously known about Ethereum’s struggles. This largely due to comments made by others working on the blockchain such as Tim Beiko. In the past, he was spoken about Ethereum’s struggles as primarily technological ones. For instance, earlier in the year, Beiko noted that sharding (the ability to run nodes on lower spec computers) was one of the biggest factors holding back the blockchain. However, Buterin’s most recent words suggest otherwise.Source:https://ift.tt/34GqGh0 cointelegraph to the list which is marked as "unreliable source" by the automod...https://ift.tt/2TuYV8J
Submitted June 03, 2021 at 07:21PM
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