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Buterin Talks On Bitcoin Cash Implementation for Scaling Ethereum

 
Buterin Talks On Bitcoin Cash Implementation for Scaling Ethereum
Ethereum / Breaking News / Bitcoin / Bitcoin Cash

One of the co-founders of Ethereum, Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The well-known crypto figure introduced a summary of the idea in a blog post published on 13th July.

In the past, the Ethereum network has gone through some scalability problems, with its native blockchains capable of processing as few as fifteen transactions per second (TPS), whereas its rival, Ripple is believed to have a TPS capacity of 1,500.

With this, the Ethereum community has been working hard on the next venture for the decentralised project, Ethereum 2.0. This major network upgrade is expected to improve its scalability once ETH shifts from proof-of-work to the proof-of-stake algorithm. 

So even though the first stages of the Ethereum 2.0 shift are believed to come in early 2020 and as reported by CoinTelegraph, “Buterin has now suggested deploying other blockchains as a new option for improving Ethereum scalability in the short term. Specifically, Buterin said the Bitcoin Cash blockchain is a perfect match for this purpose as the hard fork cryptocurrency provides a data throughput of around 53 kilobytes (KB) per second, as opposed to Ethereum’s 8 KB.”

The co-founder has also noted three key reasons for using the blockchain, including low fees, the readiness of necessary machinery and the Bitcoin Cash community’s openness to people using the blockchain “for whatever they want as long as they pay the transaction fees.”

Buterin also highlighted that Bitcoin Cash’s ten minute block time as the primary impediment to becoming a good Ethereum scalability solution. Even so, the co-founder went onto say that this issue could be solved by zero-confirmation payments using techniques such as Avalanche pre-consensus.

Backlash 

“The crypto community on Twitter took a negative view on Buterin’s new Bitcoin Cash integration proposal, with some commentators forecasting that such a scenario could lead both Ethereum and Bitcoin Cash to a faster collapse.

Francis Pouliot, co-founder of blockchain consulting firm Catallaxy, tweeted that the recent proposal by Buterin signifies a failure of the Ethereum project, while Bitcoin integration will just delay and unsolved scalability crisis.”

As well as Pouliot, the other co-founder of Ethereum, joe Lubin has claimed that Ethereum is already significantly scaled, indicating there is no need for anything further in that regard.

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