Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts
Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts
May 16, 2020
Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts
Vitalik Buterin Approves Competing Blockchain EOS For Its Niche-Carving Efforts
May 16, 2020

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.”  

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.

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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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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