Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts

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

#CryptoNewsPoint #VitalikButerin #DigitalNotice #ethereum #EOS

0 comments