Bitcoin

Ethereum 2.0 is a “much tougher” challenge than we think

The co-founder of Ethereum, Vitalik Buterinsays he would “freely admit” that from a technical point of view, Ethereum 2.0 is “much more difficult” to implement than expected.

Buterin spoke out about Peter McCormack’s podcast during a debate with Bitcoin maximalist Samson Mow. on August 16.

During the debate The trio discussed the reasons for the “open war” between the Bitcoin and Ethereum networks and whether he will be able to keep his many promises.

Ethereum 2.0 is a “much tougher” challenge than we think
Ethereum 2.0 is a “much tougher” challenge than we think

McCormack, calling himself “not too far” from a maximalist position on Bitcoin, asked Buterin:

“Have you ever felt that Ethereum has turned out to be a much more challenging project or idea than you originally thought, and you may have bitten off more than you can chew? And that it comes to a point where there is no turning back? “”

“I will definitely admit that from a technical point of view, Ethereum 2.0 is much more difficult to implement than we expected.”Said Buterin. Continuously:

“I really don’t think we’ve discovered any fundamental flaws that make it impossible and I think it will be over. It’s just a matter of time and it has actually been moving forward pretty quickly lately.”

Talk openly about how the project is likely to develop, Buterin added that some Ethereum applications are likely to fail while others will be successful.. But he sees these ebb and flow as independent of one another in the various aspects of the project:

“If Ethereum tries to get into a room and it turns out that it isn’t really useful for that room, then those applications are going nowhere. In the meantime, the other sectors will keep working.”

Previously on the podcast, Samson Mow had criticized Ethereum proponents for allegedly changing the narrative around the project’s ambitions and goals.and argues that “it’s okay to spin and evolve, but there needs to be a healthy warning that this is experimental.”

Mow went on to say that “Many supporters of the network say that Ethereum is now money and that it competes with Bitcoin […] I’m not even sure what Ethereum is or what it does or what it competes with. Is it a world computer? Or is it money? “

In response to that Buterin strongly contradicted the idea that Ethereum can be reduced to money and the non-financial apps have been an integral part of the project since its inception:

“I definitely didn’t initiate the whole ‘ether is money’ thing, nor did the Ethereum Foundation. It’s something that really came from outside.”

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