Elon Musk claims that Dogecoin is superior. However, it sparked a discussion on scaling from Ethereum’s co-founder. In addition, Elon Musk’s plan for scaling crypto 10x is fundamentally flawed. Vitalik Buterin, the co-founder of Ethereum, has posted a lengthy paper on the limits to blockchain scalability.
In addition, he criticized the claims made by Elon Musk, Tesla CEO. Buterin published the article on his personal blog on May 23. Moreover, the report emphasizes the trade-off between decentralization and scalability in architecting blockchain networks.
Response to Tweet
This article is a response to Elon Musk’s tweet on May 15 asserting that Dogecoin will emerge as the leading chain if it moves to increase its block size by 9000%. Buterin is challenging Musk’s proposition. He is emphasizing the challenge of seeking to achieve a sharp increase in scalability and throughput.
Moreover, the process has to be done without leading to extreme centralization and compromising the fundamental properties that make a blockchain what it is. Buterin also stressed the need for decentralization to eliminate the risk of a network having a single point of failure.
And the protections a widely distributed network enjoys against coordinated attacks. Buterin also added that decentralization is possible only when regular users can freely run nodes.
Moreover, for a blockchain to be decentralized, regular users need to run a node and have a culture where running nodes is an everyday activity. Buterin also asserts that sharding can facilitate comparable scalability to that offered by many centralized chains.