The Ethereum blockchain has recently become the center of heated discussion due to its rapidly growing size, with many industry observers noting that increasing bloat may cause issues such as difficulties in archiving or synchronizing.
Ethereum co-founder Vitalik Buterin has struck out against criticisms of Ethereum's "Exponentially growing blocksize," addressing concerns as "Severely uninformed."
The debate stems from an analysis published on Hackernoon on May 24 that highlighted the runaway data directory size of the Ethereum blockchain.
The exponentially growing block size of the Ethereum blockchain, posits the analysis, will result in a shrunken, centralized network that will increasingly exceed the hardware and bandwidth capacity of the average network participant.
"The rapid growth of the Ethereum blockchain, driven by the development and release of dApps, smart contracts, and thousands of ERC-20-based initial coin offerings, has led many observers to hypothesize that a 'crash" of the network may occur if a new solution to network propagation is not found.
The Hackernoon analysis hypothesizes that Ethereum will implement a blocksize cap in order to prevent such an eventuality, with will cause the network to "Race BCash to both of their deaths."
Ethereum creator Vitalik Buterin was quick to point out the flaws in the argument presented, taking to Medium to label the analysis as "Severely uninformed."
Ethereum already has as block size limit, states Buterin, in the form of its gas limit - which has been present for the last six months.
Erin's refutation continues by stating that the arguments presented within the Hackernoon analysis are "Highly fallacious," pointing out that focusing on the archive node size is relevant, as lower data-dir size can be achieved by either resyncing once annually, or simply running a self-pruning Parity node.
Ultimately, the Ethereum network may suffer from occasional bottlenecks until scalability issues are solved, but the technology that drives the blockchain is highly unlikely to suffer from catastrophic failure at any point.
Vitalik Buterin Responds to Ethereum Blockchain Size Concerns
gepubliceerd op May 26, 2018
by Cryptoslate | gepubliceerd op Coinage
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