• TheWireMaster posted an update in the group Group logo of CompetitorsCompetitors 1 month ago

    Toronto Star: Multimillionaire 25-year-old crypto king Vitalik Buterin speaks to the Star about the future of Etherium.
    https://www.thestar.com/business/2019/08/19/ethereums-vitalik-buterin-on-reducing-cryptocurrencys-risks.html

    • What are the roadblocks to more widespread adoption of cryptocurrencies?

      VB: Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space. It’s already expensive and it will be even five times more expensive because of us. There is pressure keeping people from joining, but improvements in scalability can do a lot in improving that.

      How do you improve scalability?

      VB: The main problem with the current blockchain is this idea that every computer has to verify every transaction. If we can move to networks where every computer on average verifies only a small portion of transactions then it can be done better.

      I’m really curious whether VB knows Jelurida or not.

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