“Scaling Ethereum in 2020 and Beyond” – Vitalik Buterin
Vitalik Buterin proposed to use blockchain bitcoin cash as a temporary solution to improve the scalability of the Ethereum network.
The developers plan to start the transition to Ethereum 2.0 only with next year, but the current bandwidth of the platform reduces its competitiveness and limits user experience. Therefore, the founder of the project offered use blockchains of other cryptocurrencies to increase network bandwidth, until the transition of Ethereum to a new consensus algorithm.
Buterin believes that the bitcoin cash blockchain is the optimal symbiont for a short-term solution to the problem due to the large block size (32 MB), low transaction fees, the availability of ready-made solutions for their verification and the openness of the BCH community for cooperation. Implementation of the plan will increase the throughput of the platform by more than 6 times.
He calls the 10-minute bitcoin cash confirmation time the main obstacle to the hasty implementation of the idea. Since this mechanism cannot be changed, Vitalik Buterin proposes to solve the problem with zero confirmation payments based on prior consent protocols such as Avalanche.
He is considering blockchain as another alternative. Ethereum Classic, but finds it less attractive due to its small block size and more difficult verification of work.
The crypto community reacted negatively to such a proposal, indicating that the developers were at an impasse and predicting, in the case of integration, a rapid collapse of both Ethereum and Bitcoin Cash..
text: Ivan Malichenko, photo: scoop, freepik