Elon Musk Needs the Founder of Ethereum? - Kakiforex.com - Financial Market Media No. 1 in the World Elon Musk Needs the Founder of Ethereum? Elon Musk Needs the Founder of Ethereum?

May 26, 2021

Elon Musk Needs the Founder of Ethereum?

 Tesla founder Elon Musk believes Dogecoin (DOGE) can increase block sizes by up to 900% and his notion is refuted by Ethereum (ETH) founder Vitalik Buterin.

Buterin in his personal blog explained, the increase in network parameters allows the processed data to reach the maximum level. However, such an action could affect the system to extreme centralization and would change the original concept of the blockchain.

Because of this, Buterin considers increasing parameters as ‘fundamentally flawed’ or ‘fundamentally flawed’.

Which is not the case, computers running blockchain nodes are not capable of using 100% CPU power to validate the chain.

In fact, Denial-of-Service (DoS) attacks are unlikely to occur against decentralized networks, which is why computerized chain authentication requires a larger scale of security to protect against such attacks.

Vitalik also outlines the importance for users to fully run nodes to ensure the ecosystem is truly decentralized.

This is in contrast to the Ethereum blockchain which is capable of expanding its scalability up to 1 million transactions per second without risking network security.

Perhaps, what Buterin shared was like sprinkling water on yam leaves because Elon Musk was seen as indifferent.

The figure responded: "He fears the…" with a picture of shiba inu's dog approaching the dollar with the caption 'You'll never use the dollar again'.

He fears the… pic.twitter.com/78WzM5ICjA

- Elon Musk (@elonmusk) May 24, 2021