NewsAugust 20, 2019
Vitalik Buterin: scalability of the Ethereum network remains the main problem

Vitalik Buterin in a recent interview admitted that the main problem of scalability of the Ethereum network has not yet been resolved.

Vitalik noted that, despite the hype surrounding blockchain technology, there are many problems that prevent technology from becoming mainstream. However, the Ethereum team is working on a variety of technical solutions, and the future looks promising.

Scalability is still a network weakness because the Ethereum blockchain is nearly full.

In such a situation, joining the network of any large organization will lead to high competition for the transaction space and increase their value by almost five times. The blockchain is almost full, and this does not allow the development of the Ethereum ecosystem.

The main problem of the blockchain in its current form is that every computer must check every transaction. If we can move to networks where each computer on average only checks a small fraction of the transactions, this will be a significant improvement. ”

According to Buterin, despite the potential losses in the field of security, it is precisely the transition to such a model that can solve the problem. Vitalik is quite optimistic and confident that cryptocurrency and related economic incentives can unite people. It remains to find a way to make the technology simple and easy to use.

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