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Vitalik Buterin Talks About DAO Like Forks, Sharding and More

Vitalik Buterin, one of the most important figures in the cryptocurrency world, and Ethereum’s founder, talked about scalability, forks and more. During a meeting at the Wang Feng’s Ten Questions show he said that Hybrid Casper may still launch before sharding.

The main intention was to create Casper as a smart contract on Ethereum, to make the design as easy to build as possible. And at the same time, the team was going to keep working on sharding.

Buterin commented about it:

“The new roadmap is still ‘Casper then sharding,’ but the first version of Casper is modified so that it is ‘along the way’ to a full Casper and sharding implementation.”

At the moment, there is no estimative date for when casper or sharding might be launched.

Vitalik Buterin Talks About DAO Like Forks, Sharding and More
Vitalik Buterin

Fred Wang decided to ask about what a BTC core developer said about migrating their code to platforms like GitLab.so. Buterin explained that, for him, it is very unhealthy when companies see their business model as being VC followed.

“At this point, I think it is very possible that Ethereum will never see any more coin recoveries, because there are enough cases that are politically contentious that any attempt to set a bar will lead to people just below the bar complaining that they were not included,” commented Buterin.

Back in November 2017, Ethereum’s second most popular client, Parity, has been hacked and 500,000 ETH have been blocked. At the time of the hack, these ETH were worth $150 million dollars.

In order to unlock the frozen funds, Parity explained that they backed the idea to make a hard fork if the community decided to support it. But even at this moment, Vitalik Buterin did not like the idea. Instead, Buterin stated that the best solution was to allow private key holders to withdraw their Ether.

But then, he explained that there is a possibility to see a ‘cleanup’ of the chain to restore some funds.

“Though it is also possible that when we move to sharding, there will be some kind of one-time ‘cleanup’ of the public chain that will restore funds to as many people as possible. That said, I do think tit is my place to make that decision or even heavily influence it,” he commented.

Moreover, he gave his opinion about the future of the cryptocurrency space. He said that he would like to see a stabilized industry and more projects working in order to have better products.

Buterin stated:

“I expect that over the next few years the industry will stabilize, and we will see fewer tokens issued and more projects that pay more attention to providing value, and there will be more correlation between fundamental value and price.”

At the moment of writing this article, Ethereum (ETH) is the second most important cryptocurrency in the market, being traded around $450 dollars at press time. In general the virtual currency market is operating in a downtrend and most of the assets are losing between 3% and 10%.

24.06.2018 / 03:15 52
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