New Blog Post From Vitalik Just Dropped! Here’s What It Means…

TL;DR

• When ETH Daddy writes, he has a behavior of getting fairly darn technical. So, here is a breakdown of what Vitalik is ruminating on in this post.

• In his weblog submit, Vitalik is mainly floating the next query: ‘What if we have been so as to add some/all of this performance to the bottom Ethereum protocol, as commonplace?’

• Vitalik is actually getting the ball rolling on improvement, by asking the Ethereum neighborhood which features ought to/should not be added.

Full Story

Alright, so ETH Daddy (Vitalik Buterin) simply dropped a brand new weblog submit – and when he speaks, people are likely to pay attention.

Solely drawback is…

When ETH Daddy writes, he has a behavior of getting fairly darn technical.

So, here is a breakdown of what Vitalik is ruminating on in this post.

First, when you may humor us…

Think about if Steve Jobs was a reduce throat minimalist. Like, a lot in order that when he debuted the iPhone, the solely app/operate it had was the power to make cellphone calls. No SMS, no contact lists, no Settings app – undoubtedly no calculator.

As an alternative, think about that he needed all of these features and options to be created and delivered by third get together builders, through the App Retailer.

That is sort of how Vitalik envisioned the trendy day model of Ethereum. A brilliant minimalist, stripped down code base that did one factor and one factor solely:

Course of easy cryptocurrency transactions.

All the pieces else, like features that scale back charges, pace up transactions, make crypto wallets operate extra like easy Web2 purposes…

All of these features have been constructed as separate add-ons, like apps on an iPhone.

And identical to apps, they’ll plug in to the bottom Ethereum protocol (working system) if wanted – however they do not come put in proper out of the field.

In his weblog submit, Vitalik is mainly floating the next query:

‘What if we have been so as to add some/all of this performance to the bottom Ethereum protocol, as commonplace?’

Which…appears like a little bit of a let down, proper? A six thousand phrase essay that asks a query, with out then offering a transparent reply.

However here is the trick of all of it…

Vitalik is actually getting the ball rolling on improvement, by asking the Ethereum neighborhood which features ought to/should not be added.

(As a result of the Ethereum neighborhood are those that can first must determine on any adjustments, then construct all of it).

Would it not be faster if there have been a central resolution maker? Completely.

However when constructing decentralized techniques, you do not have that blessing/curse.