The co-founder of Etherium believes the first cryptocurrency network needs scalable second-tier solutions to become something more than just a payment network.
Vitalik Buterin shared his vision with TwitterSpaces audio room listeners. The expert cited Etherium’s ongoing experimentation with scaling approaches as “potential sources of inspiration for network developers” as examples of possible moves beyond just a payment system.
The conversation centered on the low transaction throughput of Bitcoin’s network, requiring the implementation of more Layer 2 scaling solutions to improve transaction speeds. Buterin emphasized: bitcoiners can learn valuable information from the Etherium experience. Security concerns can be addressed by reducing block rewards and establishing a reasonable commission market, the Ethereum co-founder believes