Gavin: Ethereum Will Outgrow Bitcoin at This Pace
Gavin Andresen, in his recent tweet, predicts a bright future for Ethereum protocol. What’s up with Ethereum? Is it really going to be the “Bitcoin Killer” as people labeled it in its early days, or just fizzle out? At least Gavin Andresen, one of the leading personalities in the Bitcoin community seems to think so. He has made his opinion public in his latest tweet, which says: “Ethereum has more nodes today than Bitcoin. Prediction: its lead will grow even as its blockchain size exceeds bitcoin’s.” It is not clear whether his tweet was a result of all the frustration that has built up....
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In a recent blog post to GavinTech, Gavin Andresen admitted that he has recently been thinking about ethereum "a bit." Ethereum is a Bitcoin 2.0 project that is creating "a revolutionary new platform for applications." Vitalik Buterin, one of ethereum's founders, was recently awarded the Thiel Fellowship, a $100,000 fellowship awarded to 20 bright entrepreneurs around the world under the age of 20. Gavin revealed that he thinks some parts of ethereum, such as the new proof-of-work and new currency, are needlessly re-engineered while admitting particular interest in the development of smart....
Six months ago Ethereum was an ambitious white paper committed to a thorough re-imagining of the 'Bitcoin 2.0' space. With a sincere desire to mould the blockchain in his own image Vitalik Buterin, our resident tech. wizz, penned the concept. Since inception the project has benefited from some key strategic partnerships and an unparalleled press onslaught. Ethereum has successfully inspired technologists itching to take blockchains to the next level. Enter Dr. Gavin Wood. Open-source projects live and die by the developer talent they attract. Upon first meeting Gavin two things struck me:....
When things get more complicated, and layer upon layer of functions and interacting smart contracts are built, the average user will no longer be able to make sense of it all. Despite all of the focus on the Ethereum ecosystem right now, one of the questions waiting to be answered is when the first project making great use of this protocol will come to fruition. Gavin Andresen is waiting for that project as well, and he feels how Ethereum smart contracts could potentially cause issues. It is important to note Gavin Andresen is not hostile towards Ethereum by any means. During a recent AMA....
Summary: The upcoming EtherLite chain is to be launched by forking the Ethereum network on 1st May 2021. It will fix existing issues and also add new features like interoperability, pure PoS consensus, almost instant transaction finality, and support for existing dApps across the DeFi ecosystem. Body Blockchain networks need to outgrow themselves in terms […]
Update: Gavin Andersen has contacted us via Twitter regarding this article. He has stated that he is still the Chief scientist for the Bitcoin Foundation. Bitcoinist is reaching out for additional comments, and apologizes for the confusion. Gavin Andresen, if you do not know, is a well-regarded Bitcoin celebrity of sorts. Most known for his work for Bitcoin, Gavin has access to the alert key that allows him to broadcast messages about critical network problems to all client users. This shows the amount of trust Satoshi Nakamoto put into Gavin, whom he contacted back and forth with via....