Jameson Lopp: moving on Ethereum Proof-of-Stake would be difficult
Source:
Cryptomnesia Jameson Lopp recently expressed his opinion about a discussion between acne Butterini and Vlad Zamfira. We will remind, recently in the community, Ethereum not cease talking about Casper and the transition to the algorithm Proof-of-Stake. Will there be a successful model for the future development of Air, intended by its creators?
theWhat happens with Ethereum
Ethereum, like most altcoins, is based on the algorithm Proof-of-Work. The concept involves the validation of PoW blocks in the blockchain through the use of a huge amount of resources. Opponents of the algorithm often mention this fact, because according to them shortly that same Bitcoin will consume a disproportionate amount of electricity. Besides, systems based on PoW vulnerable to attack 51.
Proof-of-Stake is based on a different principle. Here miners replace the validators that are set aside some of their coins to confirm adding new blocks to the blockchain. The main advantage of PoS — low resource consumption at the same throughput, i.e. the number of transactions per unit time.
At the moment there are two variations of PoS, which in the future may go Ethereum. It's Casper, the Friendly Finality Gadget (FFG) and Casper, the Friendly GHOST: Correct-by-Construction (CBC). Recall that Casper is not any specific project, and the merging of the two research ideas that are actively discussed in the Ethereum Foundation.
Jameson Lopp believes that any development will not help once and for all to solve all the problems of Ethereum. According to him, the team all the time have to deal with the new upgrades to match the pace of the market.
In their testnet there was an unfortunate mistake, but it does not mean that the whole project is doomed to failure. In the code Ethereum still has bugs that need to find and fix.
At the end of Lopp added that the networking of such scales is time consuming and can not do without bugs.
And yet, the system has worked for so long, saving millions of dollars in digital assets. While no one has been able to successfully attack the Ethereum.
image Source — Bitsonline
The Developer does not doubt the existence of a huge number of people who want to be a validator in the future. They hold a lot of coins at the ready and accurate reading ours .
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