CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Ethereum Inventor Vitalik Buterin Has Advice for Bitcoiners

10.07.2023
A A
0
125
VIEWS
ShareShare

During a Twitter Spaces discussion, Vitalik Buterin, the creator of Ethereum, recently expressed his thoughts on Bitcoin’s scalability issues. Buterin believes that Bitcoin needs more scaling solutions if it wants to expand beyond being just a payment system. He highlighted Ethereum’s ongoing experiments with various scaling approaches as potential sources of inspiration.

One of Buterin’s main concerns with Bitcoin is its peculiar politics. He expressed his discomfort with Bitcoin’s political dynamics, stating that he doesn’t resonate with them. The Twitter Spaces session attracted over 32,000 listeners, including Eric Wall, known as the “altcoin slayer,” and Bitcoin developer Udi Wertheimer. The trio delved into what Bitcoin can learn from Ethereum.

The focus of the conversation centred around Bitcoin’s slow transaction throughput, which necessitates layer two scaling solutions to enhance transaction speed. Buterin, Wall, and Wertheimer emphasized that Bitcoiners could gain valuable insights from Ethereum’s experiences. Buterin underlined the need for scaling options such as Plasma or ZK Rollups, both of which have been implemented on Ethereum. He pointed to successful roll-up solutions like Optimism and Arbitrum, suggesting that Bitcoiners remain open-minded to ZK-snark based alternatives.

Ethereum has been actively experimenting with a wide range of scaling solutions over the years. Their latest update, EIP-4844, introduces blob blocks, enabling up to 100,000 transactions per second. Wall raised concerns about the possibility of less secure rollups in the Bitcoin ecosystem, urging Bitcoin to study Ethereum’s trials. However, Buterin anticipated that this proposal might face controversy from security-minded individuals.

Wall also discussed Bitcoin’s security model and the 21 million hard cap. Buterin acknowledged grappling with this issue and mentioned Ordinals as a possible solution. Ordinals could create a reasonable fee market to compensate for reducing block subsidies and address subsequent security concerns. Buterin appreciated the impact of Ordinals, seeing them as a positive shift towards a builder culture and a counterbalance to Bitcoin maximalism.

In an attempt to find common ground between the two ecosystems, Buterin identified ten shared traits. Both Ethereum and Bitcoin claim immutability, face challenges with layer-1 privacy, and operate on decentralized consensus models, which are inherently complex. Buterin concluded the discussion on an optimistic note, emphasizing the importance of having at least one of these chains in the world, rather than none.

Vitalik Buterin’s insights on Bitcoin’s scaling challenges and the potential for cross-chain learning from Ethereum offer valuable perspectives. With Ethereum’s ongoing experiments and innovations, the crypto community can look forward to advancements in scaling solutions that may benefit both Bitcoin and Ethereum, ultimately fostering a more robust decentralized ecosystem.

The post Ethereum Inventor Vitalik Buterin Has Advice for Bitcoiners appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence
Bitcoin

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence

03.07.2025
0

BitcoinWorldCrypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence The pulse of the digital asset world...

Read moreDetails
Bitcoin Treasury Strategy Unlocks $24.75 Million for Green Minerals’ Ambitious Growth

Bitcoin Treasury Strategy Unlocks $24.75 Million for Green Minerals’ Ambitious Growth

02.07.2025
Celsius Lawsuit: Judge Unleashes Crucial Legal Battle Against Tether Over $4 Billion Bitcoin Liquidation

Celsius Lawsuit: Judge Unleashes Crucial Legal Battle Against Tether Over $4 Billion Bitcoin Liquidation

02.07.2025
Bitcoin’s Momentum Challenge: Why the Epic BTC Rally Faces Profit-Taking Pressures

Bitcoin’s Momentum Challenge: Why the Epic BTC Rally Faces Profit-Taking Pressures

01.07.2025
Bitcoin’s Astonishing Evolution: A New Trading Pattern Emerges

Bitcoin’s Astonishing Evolution: A New Trading Pattern Emerges

01.07.2025
Load More
Next Post
Will Bitcoin Hit $50K by the End of 2023?

Will Bitcoin Hit $50K by the End of 2023?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

DApp store for your wallet: Consensys readying cross-chain Metamask Snaps

DApp store for your wallet: Consensys readying cross-chain Metamask Snaps

2 years ago
Bitget exec says KYC is useful to filter out illegitimate users

Bitget exec says KYC is useful to filter out illegitimate users

2 years ago
Coinbase Experiences Outage as Bitcoin Declines 7% Following All Time High of $69,000

Coinbase Experiences Outage as Bitcoin Declines 7% Following All Time High of $69,000

1 year ago
Court approves Genesis settlement of $175M to FTX, expunges billions in claims

Court approves Genesis settlement of $175M to FTX, expunges billions in claims

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

PEPE Whales Accumulate Amid Market Volatility: Is a 200x Rally Coming?

Trending

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave...

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz