Recently, one of the leading developers of Monero Riccardo’s Spanyi hit the Ethereum with sharp criticism, saying that the world’s second (after bitcoin) blockchain “contains fundamental flaws,” “built on shaky ground” and “offers solutions to nonexistent problems.”
According to Spanyi, network Ethereum is “idiotic, non-scalable concept”, which failed to carry out its key mission – to become a “universal computer”, the working base of many decentralized applications. Spanyi believes that Ethereum has not only failed to provide adequate dApp ecosystem, but also failed to create a useful decentralized applications that have value in the real world, and its decentralized system cannot actually be scalable.
Analyzing alleged shortcomings of Ethereum, Spanyi wrote:
The Ethereum became a victim of the syndrome of “not invented here”: they created a lot of “alternatives”, not because it was a good concepts, but only due to the unwillingness to be “like bitcoin”. An example is the average duration of finding a block in 12 seconds, and a reward in the form of block-uncle.
According to Spanyi, try Ethereum progress from PoW to PoS models, despite the numerous technical and operational difficulties, says the desire to “grasp the immensity”, when the blockchain is trying fundamentally to change certain key aspects of the behavior of the members of the blockchain community, without giving any evidence that they are able to do it.
Developing this idea, Spanyi pointed to the fact that only two of decentralized applications on the Ethereum blockchain have more than 1,000 users, although the company-developer of Ethereum ConsenSys operates more than 1,000 professionals. According to Spanyi, this situation indicates that the Ethereum team is trying to solve a problem that may not even exist.
While many will surely consider comments by Spanyi quite natural criticism of competing blockchain, it makes sense to analyze its approval. Let’s start with the transition Ethereum proof of share ownership/participation (Proof-of-Stake), which became the reason for criticism (especially on the part of the miners).
To date mining based on PoS was not successfully implemented in any of the authoritative block chain, however, the Ethereum, it seems, wants in whatever was to gamble with this, not yet proven technology. As rightly pointed out by Spanyi, we are talking about trying to change an existing model just for the sake of the alleged innovation, and the desire for “any price different from bitcoin”.
Moreover, dAppRadar data indicate that the vast majority of dApp running on the network Ethereum have on average several dozens of users on a daily basis. Against this background, expectations of developers such as ConsenSys that in the future, Ethereum will be able to create a global database of services, Finance and management distributed computing computation quite meet the definition of “embrace the boundless”, Spanyi. In other words, it’s overly ambitious goal, the implementation of which is not a realistic scenario.
It is impossible not to agree with the opinion of Spani expressed during the discussion caused by his statements that the key to innovation is to work with proven principles that have confirmed their effectiveness in practice, and on this Foundation to create new designs, as happened in the case of Lightning measurement Network in bitcoin.
According to the materials of the BTC Manager.
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