Ethereum Co-Founder Takes to Twitter to Disagree With Tezos Blockchain Plan

Tezos is currently running what could be the largest Initial Coin Offering (ICO) there is.

7. 11. 17 by Abby Norman
Tezos/Twitter
Image by Tezos/Twitter

Vitalik Buterin, the 23-year old co-founder of Ethereum, recently got in a long Twitter exchange over the future of the blockchain startup Tezos. In case you haven’t heard of them yet, here’s a quick refresher: Ethereum is the world’s first true enterprise blockchain. Tezos is a startup that boasts a type of blockchain that offers a “self-amending” cryptoledger.

Blockchain offers a digital ledger of transactions that’s decentralized, and therefore more secure. Tezos wants to give all token holders the ability to make decisions on the blockchain. These decisions could be made transparently and would then be pushed to the network automatically — eliminating what’s called as extra-protocol governance. This is the element that Buterin doesn’t agree with:

Vitalik said that he’s not convinced such a “rough consensus” would be a sustainable governance model for blockchain. Tezos, meanwhile, didn’t leave the Ethereum co-founder’s comment hanging: Tezos replied that it wants to eliminate the need — but not the possibility — of extra-protocol governance.

Tezos is currently running what could be the largest Initial Coin Offering (ICO) there is, generating more than $200 million worth of bitcoin and ether, meaning it’s likely to remain a competitive member of cryptocurrency’s future.

Advertisement

Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.


As a Futurism reader, we invite you join the Singularity Global Community, our parent company’s forum to discuss futuristic science & technology with like-minded people from all over the world. It’s free to join, sign up now!

Share This Article

Keep up.
Subscribe to our daily newsletter to keep in touch with the subjects shaping our future.
I understand and agree that registration on or use of this site constitutes agreement to its User Agreement and Privacy Policy

Advertisement

Copyright ©, Singularity Education Group All Rights Reserved. See our User Agreement, Privacy Policy and Cookie Statement. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.