Bankless 35 - Designing Ethereum | Vitalik Buterin
Oct 19, 2020
In this engaging discussion with Vitalik Buterin, the founder of Ethereum, listeners dive into the design choices of Ethereum 2.0, focusing on proof of stake and sharding. Vitalik explains the roadmap for transitioning Ethereum 1 to 2, emphasizing community values like decentralization and scalability. They explore the significance of EIP-1559 and innovative solutions such as rollups. The conversation also touches on user-friendly advancements like Unstoppable Domains and smart staking strategies for the future of Ethereum.
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Ethereum's Political Values
- Ethereum 2.0 prioritizes decentralization and avoids super-node dependence.
- It aims for open participation and censorship resistance, prioritizing consumer laptops over powerful computers.
Centralization Risks
- Justin Sun's takeover of Steem and EOS's bribing attacks highlight the dangers of centralized blockchains.
- These real-world examples demonstrate the risks of collusion and authoritarian actions by core participants.
Early Ethereum Vision
- Ethereum's initial social contract included Proof-of-Stake (PoS) and sharding as long-term solutions.
- These were chosen even before Ethereum 1.0's launch.