Uncategorized Ethereum Co-Founder Takes to Twitter to Disagree With Tezo’s...

Ethereum Co-Founder Takes to Twitter to Disagree With Tezo’s Blockchain Plan

-

- Advertisment -

In Brief

Ethereum co-founder Vitalik Buterin got into a Twitter exchange with cryptocurrency startup Tezos to express his disagreement — and seek clarity — regarding Tezos’ plan to eliminate the need for extra-protocol governance.

Vitalik Buterin, the 23-year old co-founder of Ethereum, recently got in a long Twitter exchange over the future of the blockchain startup Tezos. In case you haven’t heard of them yet, here’s a quick refresher: Ethereum is the world’s first true enterprise blockchain. Tezos is a startup that boasts a type of blockchain that offers a “self-amending” cryptoledger.

Blockchain offers a digital ledger of transactions that’s decentralized, and therefore more secure. Tezos wants to give all token holders the ability to make decisions on the blockchain. These decisions could be made transparently and would then be pushed to the network automatically — eliminating what’s called as extra-protocol governance. This is the element that Buterin doesn’t agree with:

Vitalik said that he’s not convinced such a “rough consensus” would be a sustainable governance model for blockchain. Tezos, meanwhile, didn’t leave the Ethereum co-founder’s comment hanging: Tezos replied that it wants to eliminate the need — but not the possibility — of extra-protocol governance.

Tezos is currently running what could be the largest Initial Coin Offering (ICO) there is, generating more than $200 million worth of bitcoin and ether, meaning it’s likely to remain a competitive member of cryptocurrency’s future.

Source link

Ethereum Co-Founder Takes to Twitter to Disagree With Tezo’s Blockchain Plan
Bitnewsbot.comhttps://bitnewsbot.com
BitNewsBot.com aggregates the latest news around bitcoin, blockchain, cryptocoin, ICO's and FinTech, from all around the internet and publishes them in a single place.

Latest news

Top 7 Porn Sites That Accept Bitcoin/Crypto

Bitcoin and other cryptocurrencies are not that exotic anymore. Ever since the big boom on the crypto...

“Chinachain” aims to connect hundreds of cities across China. Will it work?

If there’s ever a “Chinachain” for business, sanctified and supported by the state, the BSN ( Blockchain...

Top 10 BEST Crypto Trading Books for New Traders (2020)

We may receive a small revenue share if you purchase something from this guide - with...

Crypto Firm That Connects Exchanges and Banks Receives $5m Investment From Wells Fargo

Cryptocurrency startup Elliptic recently held a Series B funding round which was joined by a venture arm...
- Advertisement -

Will New Zealand’s crypto salary project work?

Now in 2020, Bitcoin, and in a broader sense cryptocurrencies in general, have gone through hundreds of...

Is Tron’s decentralized app market really a “Las Vegas on the blockchain?”

The original idea behind creating cryptocurrencies was to offer a much more decentralized and convenient payment platform...

Must read

Top 7 Porn Sites That Accept Bitcoin/Crypto

Bitcoin and other cryptocurrencies are not that...

“Chinachain” aims to connect hundreds of cities across China. Will it work?

If there’s ever a “Chinachain” for business,...
- Advertisement -Ethereum Co-Founder Takes to Twitter to Disagree With Tezo’s Blockchain PlanEthereum Co-Founder Takes to Twitter to Disagree With Tezo’s Blockchain Plan

You might also likeRELATED
Recommended to you