Watch: Ethereum Creator Says Crypto Projects Like EOS & Tron Are ‘Centralized Piles Of Trash’
At a recent cryptocurrency conference, Vitalik Buterin answered a question about whether an Ethereum upgrade would have “Any transaction throughput goals.” Buterin took the opportunity to cast shade on Ethereum alternatives like EOS, NEO, and Tron. Ethereum Pioneer Throws Serious Shade at Centralized Crypto Networks.
“When a blockchain project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.'”.
While NEO is a blockchain platform for smart contracts, its very intention is quite different from that of Ethereum.
Erin says one issue that Ethereum can address is latency – the time it takes to get consensus on the network.
Ethereum can get from needing to wait “One minute for a medium degree of safety” to instead needing to wait six seconds.
Ethereum scaling became a hot-button topic during the ICO boom of 2017 and early 2018.
The question of whether the Ethereum network could actually handle the increased volume of transactions as a result of ICOs was raised repeatedly, leading to various scaling solutions, including some powered by ERC-20 tokens like Raiden, being developed.
P. H. Madore’s original article for ccn.com reduced by 59%
Related story: Five Critical Vulnerabilities Discovered In EOS In 2019, HackerOne Data Shows
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CN [too long; didn’t read]
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