U.Today – Co-founder Vitalik Buterin is probably stepping out of his comfort zone as he recently delved into one of the most common (BTC) challenges. The Ethereum innovator shared his recent dive into the Bitcoin block size war, a concept he dubbed the trap of one-sided competition.
Bitcoin Block Size War
The opinions he shared about X stem from his review of two books that supposedly talked about Bitcoin block size wars. His goal is to share his understanding of the concept so that users can avoid falling into the trap.
Using a political analogy, Vitalik Buterin pointed out that there are two distinct groups: those who have power and those who try to take it away. While parties in power are often seen as authoritarian amid possible incompetence, those in opposition are seen as too weak to implement real change.
For Vitalik Buterin, this applies to the Bitcoin blockchain, where, for the most part, no innovation is taking place, as many expected. Buterin noted that the attempt to create alternatives through other chains such as (BCH) has proven to be almost ineffective.
To mitigate this one-sided competition war, Vitalik Buterin suggested that the opposition needs to realize that this fundamental problem exists and then intentionally create solutions to the problem. Vitalik Buterin said that identifying the problem is not enough, as a concerted effort is needed to reestablish the basic operating principles of a blockchain that truly competes with traditional payment giants.
Ethereum is working
While the focus of his review is on Roger Ver and Jonathan Bier’s books on Bitcoin, Buterin is no stranger to the challenges facing Ethereum in this regard. However, unlike Bitcoin, there is a more proactive community of developers in the broader blockchain world trying to create better alternatives to Ethereum.
For example, layer 2 scaling solutions are doing a great job in terms of fees, while alternative layer 1 networks like and Ledger are also making progress on the usability features of what a functional blockchain should look like.
This article was originally published on U.Today
