Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts
- Crypto News Point
- May 17, 2020
- 1 min read
Vitalik Buterin, the Co-founder of Ethereum, has approved to compete blockchain EOS for its niche-carving efforts.
On May 15, Buterin tweeted by referring to Bitcoin and Ethereum:
“If I were designing a new chain to live alongside Bitcoin and Ethereum, I would take all the political tradeoffs that BTC and ETH aren’t willing to take.”
This is why I actually have some respect for EOS and co. I *disagree* with DPoS but at least they're *trying* to develop a cohesive and principled alternative niche. — vitalik.eth (@VitalikButerin) May 15, 2020
However, Buterin holds significant weight in the blockchain industry, listed by Cointelegraph as the fifth most influential person in crypto and blockchain.
Likewise, he noted quadratic voting-based on-chain governance and all built-in cryptographic procedures as tradeoffs of interest. He also included on-chain oracles for all events, instead of ones that simple relay price moves.
He also mentioned potentially adding some form of identification on the network.
. @VitalikButerin lays out his interest in elements of $EOS — kind of, @benjaminpirus. https://t.co/yZS1mrCm6K — Cointelegraph (@Cointelegraph) May 16, 2020
Buterin said:
“Perhaps even an on-chain model of identity, at least for participants who want to participate in governance (non-governing actors would still be fully anon).”
Thus, he concluded:
“This is why I actually have some respect for EOS and co. I disagree with DPoS but at least they’re trying to develop a cohesive and principled alternative niche.”
Source: Cointelegraph | Image: Developer Tech
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