Piqued by twitter comment Buterin sends ether to startups working to scale Ethereum
Vitalik Buterin, the Ethereum creator, sent ether to startups developing scaling tools to pace up their production. Buterin, piqued by a discussion that started on twitter by Spankchain founder, Ameen Soleimani. Soleimani tweeted a series of concerns about Ethereum. “Where are the current ETH 2.0 teams losing/wasting time?”. In what ways could money be thrown at the problem?” he added. Ethereum is constantly working to increase the scalability of the network. There are several network scaling projects that tackle different problems.
Preston Van Loon, the co-founder of Prysmatic Labs, a startup creating an open-source client to scale Ethereum, responded to Soleimani’s tweet. Loon said what hindered his company’s progress the most were employees working full time at other jobs. A few other startups also responded to the post.
– What are the research / development bottlenecks?
– Where could additional parallelization be helpful?
– In what ways could money be thrown at the problem?
– Where are the current ETH 2.0 teams losing / wasting time?
– What if everyone working on it did syncs every day?
— 👹 Ameen Soleimani (@ameensol) December 18, 2018
As a relief to all the startups, Buterin sent 1000 ETH to Loon. Chainsafe and Lighthouse, also involved in projects to scale Ethereum, also received 1000 ETH as donations.
The Twitter thread indicates that Soleimani had quite a few concerns about the current state of the Ethereum network. He said that Ethereum has taken its success for granted. The company now needs to focus on increasing the scalability of the network to “reclaim its narrative”. “Move fast or die slow,” he added.
The blockchain company is under to pressure from the community to increase scalability. There are several projects working towards achieving the milestone, however, all of them are taking some significant time to get the technology out to the cryptoverse. Currently, the network can only handle a small number of transactions per second. But, the Ethereum devs have high hopes that the Ethereum can overcome the scalability obstacle.
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