Don’t Believe The FUD: Ethereum Can Scale (coindesk.com)
Over the past few months, we have noticed a significant number of articles proclaiming the imminent failure and collapse of the ethereum platform due to its inability to scale and its overall lack of user traction.
Reduce the load on the main chain by moving the bulk of transactions to a second layer an only using the base layer during transaction settlement.
In short, ethereum’s Layer Two solutions are nearly ready for prime time – with firms like Cent and Spankchain, and others, already serving users on the live blockchain – and are poised to upend the narrative that ethereum can’t scale.
Hashed time-lock contract-based payment channels are just as feasible on ethereum as they are on bitcoin, and in fact, ethereum enables more innovative and user-friendly multi-hop strategies than Bitcoin can, and they can be deployed far more easily.
Lionizing “Ethereum-killer” blockchains, or its pre-existing alternatives, all because ethereum supposedly can’t scale, minimizes the remarkable work that the ethereum community is doing on Layer Two technology.
Rather, it is a case for ethereum scalability, for a decentralized economic future that uses the ethereum blockchain as a settlement layer and facilitates the bulk of transactions with Layer Two technologies.
Original article reduced by: 56%
Read the full article here.
Related story: Ethereum Developers Delay Mining Algorithm Change For Code Audit (coindesk.com)
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