Most popular developers in industry are discussing what could have been done better with Ethereum
Three of the most popular individuals in the cryptocurrency industry met each other in a thread, discussing things that the Ethereum network should have done better, or earlier, in the past. Cardano co-founder had his own advice Vitalik Buterin,
The thread that attracted both the Cardano and Ethereum creators began with Van Ness’s “unpopular opinion” about the most recent Ethereum Merge update. According to the expert, the update should have shipped to the network sooner, and the last 10 days were the evidence of it.
Vitalik Buterin rushed to agree with Van Ness, saying he should have implemented a series-based proof of stake like NXT, despite the extent of the restructuring issues and the lack of asynchronous guarantees. The switch to PoS was postponed due to the reasons mentioned by the developers to come up with their own way of implementing the consensus algorithm.
Charles Hoskinson then joined the conversation and stated that the Snow White consensus solutions would have helped Ethereum to switch to PoS much faster, and the network would have gotten rid of the “outdated” and anti-environment PoW algorithm. However, Van Ness, as an Ethereum maxi, did not agree with Charles and stated that his ideas were not useful back in the day.
Unfortunately, most users did not understand what Van Ness meant and thought he was talking about the price performance of the second largest cryptocurrency in the industry. Over the past two weeks, Ethereum lost nearly 30% of its value after unexpectedly high inflation numbers and yet another rate hike.
