The Creator Of ETH Posted A Forum To Criticize DogeCoin, Elon Musk Immediately Countered: "Fear Of Dogs" | Smart Globies

The Creator Of ETH Posted A Forum To Criticize DogeCoin, Elon Musk Immediately Countered: "Fear Of Dogs"

The creator of ETH posted a forum to criticize DogeCoin, Elon Musk immediately countered: "Fear of dogs"

Instead of refuting the technological arguments in Vitalik Buterin's post, Elon Musk turned to a personal attack against the father of ETH.

Ethereum co-founder Vitalik Buterin has published a lengthy document about the limits of blockchain scalability, criticizing Tesla CEO Elon Musk's statement.

Not a cryptocurrency with many special effects, but DogeCoin has a huge supporter behind each of its steps, which is Tesla CEO, Mr. Elon Musk. Most recently in a tweet on May 15, Musk also emphasized that, Dogecoin will rise to become the market leader if it can increase the block size by 900% compared to today:
Ideally, Doge could increase block processing speed by 10x, block size by 10x, and reduce transaction fees by 100x. Then it would take off .”

But Ethereum co-founder Vitalik Buterin disagrees with this optimistic statement. In a lengthy document just published, Buterin criticized Musk's statement for pointing out the limits of blockchain's scalability.
In his May 23 post, Buterin said that in today's blockchain network architecture, there is always a trade-off between scalability and decentralization. Buterin emphasized the huge challenge if it were to spike scalability and throughput " without leading to extreme centralization and infringing upon the fundamental properties that make up blockchains ."

Buterin emphasized the need for decentralization to eliminate the risk of a single point of failure in the blockchain as well as to protect a large network against coordinated attacks. Buterin also added that decentralization would not be achieved if ordinary users were not free to operate these nodes.

Faced with criticism from Buterin, Tesla CEO also did not fit when commenting right below the post of the creator of ETH, implying " He is afraid of dogs ".

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