Hot search keywords

Hot search keywords

Ethereum Capacity Issue Drifts to Network Over-Hype Claim

Claims that the the Ethereum network’s value is over-hyped with promises have been raised again following a Parity developer’s open call for creators to stop deploying dApps on the platform.

Vitalik-Buterin-Ethereum-Foundation-at-Ethereum-Meetup-2018

Vitalik-Buterin-Ethereum-Foundation-at-Ethereum-Meetup-2018

Afri Schoedon tweets that the Ethereum blockchain is running at capacity. Hence, he suggests that developers should meta-decentralize their dApps by using other networks with more capacity and support for open-source interfaces that interact with blockchain like MyCrypto and MetaMask.

This made some respondents add that Ethereum’s low number of active daily users for dApps and smart contracts is not commensurate to the network’s value of ~$23 bln. Others highlight how projects have started switching to some of the networks that present themselves as alternatives on the market including Ethereum Classic, POA, Aion, EOS, NEO and VeChain.

However, the lead Ethereum developer, Vitalik Buterin, has quickly refuted Schoedon’s claim saying he disagrees with it since “most dApps have lots of room to gas-optimize.”

In another tweet, Buterin states that all blockchains that are sufficiently mature will be at capacity hence it is a fallacy to claim that gas usage that’s 100% full means there is no more room.

For Schoedon, who works for Parity, a company owned by Gavin Wood (he reportedly parted ways with the Ethereum Foundation), his claim was met with mixed feelings within the Ethereum community. There are views that agree with the fact many inefficient contracts deployed on the Ethereum network could have been done off-chain using state channels. Others think Schoedon could have educated developers on options like layer 2 solutions instead of pointing them to use other networks at a time when the Ethereum brand is at a market low.

Please sign in first