Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News

Who Pays For Ethereum’s Complexity? A Lead Developer Speaks Up

GentrySTACK by GentrySTACK
March 19, 2022
in Crypto News, Ethereum
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RelatedPosts

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

Lufthansa, Air France-KLM eye Flybe landing slots – report

U.S. President Biden to visit Poland -Polish president’s adviser

Is there trouble in paradise? Ethereum’s team lead, Péter Szilágyi had something to say. The man’s one of the most prominent ETH advocates over at Twitter, but, he was feeling “extremely frustrated” in his latest thread. The protocol’s core developer also used keywords like “overload,” and phrases like “might not be willing/able to do forever.” What was Szilágyi complaining about? Complexity.

Related Reading | Ethereum Closer To Proof Of Stake As Last Testnet Completes The Merge

The Ethereum core developer’s argument started like this:

“Complexity is an often overlooked aspect of a system because usually someone else is paying the price for it, not the person creating it.

But don’t be mistaken, someone *is* paying the price – whether money, time or mental capacity. They might not be willing/able to do forever.”

As with scalability, complexity also keeps trickling unseen up to the breaking point. At that time, it’s already past the point of no return.

Complexity also has the nasty effect of causing cascading failures. Overload people too much, lose capacity, leading to even larger load.

— Péter Szilágyi (karalabe.eth) (@peter_szilagyi) March 18, 2022

Spoiler alert: he’s talking about the developers. They’re the ones paying the price. And they’re speaking through him. 

Ethereum Is Approaching The Merge. And Peak Complexity.

Following the laws of dramatic writing, Péter Szilágyi first paints a picture. “In Ethereum’s history, complexity never decreased. Every EIP is piling on top. Every major change (1559, merge, sharding, verkle, stateless, L2, etc) is one more nail.” Then, he drops the hammer and explains the… complexity of the situation:

“As good as it feels that we’re approaching The Merge, I must emphasize that Ethereum is not going in a clean direction. Tangentially it’s achieving results, but it’s also piling complexity like there’s no tomorrow.

If the protocol doesn’t get slimmer, it’s not going to make it.”

I feel the root cause is the disconnect between the research and the dev teams. The former has to “only” dream up elegant – standalone – ideas.

The latter needs to juggle every single idea that was ever introduced, whilst surgically expanding the dimensionality of the space.

— Péter Szilágyi (karalabe.eth) (@peter_szilagyi) March 18, 2022

As a refresher course, their official site defines The Merge as the moment, “the current Ethereum Mainnet will “merge” with the beacon chain proof-of-stake system.” It’s that mythical moment when the protocol will switch from Proof-Of-Work to Proof-Of-Stake. Sometimes it feels like Ethereum will never arrive to that crucial turning point.

ETHUSD price chart for 03/19/2022 - TradingView

ETH price chart for 03/19/2022 on FTX | Source: ETH/USD on TradingView.com

Szilágyi Issues A Warning

Even though the core developer signs the message personally, this might be a more widespread problem. This might be an Ethereum-developers-as-a-whole problem. What was Szilágyi complaining about? Complexity.

“There have been engineering attempts to reduce the complexity (module split in Erigon, responsibility split in The Merge). Yet there was never an attempt to reduce the protocol complexity.

We are already past the point of anyone having a full picture of the system.” 

This all sounds concerning for the protocol’s holders and supporters, but nothing in the thread sounds more like a threat than Szilágyi’s last sentence. “There are less and less people knowing and willing to piece together a broken network. And each change pushes more away.” He sure sounds like he’s speaking on the developer’s behalf.

I can’t say what the solution is, but my 2c is to stop adding features and start culling, even at the expense of breaking things.

There are less and less people knowing and willing to piece together a broken network. And each change pushes more away. /FIN pic.twitter.com/uOLce9wB7B

— Péter Szilágyi (karalabe.eth) (@peter_szilagyi) March 18, 2022

The meme Szilágyi uses at the end is also revelatory. And borderline threatening.

The Other Side Of Ethereum

As this thread was going live, in what seems another universe, Time Magazine crowned Vitalik Buterin as the “Prince of Crypto.” Also, the Ethereum creator’s cover art is part of a “historic NFT” drop, and the issue is being promoted as something special. In that contrasting story’s article, Bitcoinist said:

“In that sense, he expressed concern about the dominance of decentralized finances (DeFi) and NFTs and the “shameless displays of wealth” driven by collections such as Bored Ape Yacht Club. The inventor of Ethereum also worries about the rise in transaction fees, and “overeager investors”.

Buterin believes Ethereum will host a larger revolution beyond “monkeys”, and into the most important aspect of people’s lives.”

So, even though there might be dissent among the ranks, the Ethereum army marches on. With corporate media’s backing, no less. On the other hand, it’s interesting to see one of the protocol’s main defenders raise the complexity issue. That point is central in the bitcoiners’ criticism of Ethereum. Does all that complexity belong in Layer one of a blockchain? 

Related Reading | Ethereum’s ConsenSys Closes $450M Round And Announces Major Changes To MetaMask

At the same time, this story is just a tiny part of the overarching story that is The Merge. Is it as close as Péter Szilágyi says? Is it as certain as he implies? Or, is his thread a bad sign? We will know soon enough. Will Ethereum accomplish the impossible? Stay tuned. 

Featured Image by John Barkiple on Unsplash  | Charts by TradingView
Share61Tweet38Send
GentrySTACK

GentrySTACK

Related Posts

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

February 4, 2023

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

February 4, 2023

Ukraine’s Zelenskiy says situation at the front getting tougher

February 4, 2023

U.S. pauses activity at three airports for “national security effort” amid questions about Chinese spy balloon

February 4, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

February 4, 2023

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

February 4, 2023

Categories

  • Binance (49,831)
  • Bitcoin (93,139)
  • Business News (98,601)
  • Cardoso (41,234)
  • Crypto News (49,080)
  • Dogecoin (41,234)
  • Ethereum (41,610)
  • Market News (86,385)
  • NFT X Metaverse (41,234)
  • Other alt coins (41,280)
  • Others (2)
  • Shiba in (41,234)
  • Technology News (85,811)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,417.27 0.21%
ethereum
Ethereum (ETH) $ 1,679.81 1.35%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 330.23 0.30%
usd-coin
USD Coin (USDC) $ 1.00 0.11%
xrp
XRP (XRP) $ 0.414651 0.91%
binance-usd
Binance USD (BUSD) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.403337 0.11%
dogecoin
Dogecoin (DOGE) $ 0.096965 4.63%
matic-network
Polygon (MATIC) $ 1.26 3.37%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News