Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research.

As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500. 

As such, the Ethereum community has been working on Ethereum 2.0, a major network upgrade that is expected to improve its scalability once ETH shifts from proof-of-work to the proof-of-stake algorithm.

While the first stages of the Ethereum 2.0 shift are expected to come in early 2020, Buterin has now suggested deploying other blockchains as a new option for improving Ethereum scalability in the short term. Specifically, Buterin said the Bitcoin Cash blockchain is a perfect match for this purpose as the hard fork cryptocurrency provides a data throughput of around 53 kilobytes (KB) per second, as opposed to Ethereum’s 8 KB.

Additionally, Buterin outlined three other compelling reasons for using the blockchain, including low fees, the readiness of necessary machinery and the Bitcoin Cash community’s openness to people using the blockchain “for whatever they want as long as they pay the transaction fees.”

In the post, Buterin noted Bitcoin Cash’s 10 minute block time as the main impediment to becoming a good Ethereum scalability solution. However, the expert noted that this problem could be solved by zero-confirmation payments using techniques like Avalanche pre-consensus.

The crypto community on Twitter took a negative view on Buterin’s new Bitcoin Cash integration proposal, with some commentators forecasting that such a scenario could lead both Ethereum and Bitcoin Cash to a faster collapse.

Francis Pouliot, co-founder of blockchain consulting firm Catallaxy, tweeted that the recent proposal by Buterin signifies a failure of the Ethereum project, while Bitcoin integration will just delay and unsolved scalability crisis.

Recently, another Ethereum co-founder, Joseph Lubin, claimed that Ethereum has “already scaled quite significantly.”


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Top 3 meme coins Dogecoin, Shiba Inu and Bonk: Bitcoin gains could fuel recovery in DOGE, SHIB, BONK

Top 3 meme coins Dogecoin, Shiba Inu and Bonk: Bitcoin gains could fuel recovery in DOGE, SHIB, BONK

Prices of meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK) are broadly steady on Tuesday, as the broader crypto market recovers on the back of Bitcoin’s recent gains. BTC climbed to a high of $64,400 on Tuesday, catalyzing gains in altcoins. 

More Meme coins News

XRP holders to see redacted versions of SEC reply in Ripple lawsuit on Wednesday

XRP holders to see redacted versions of SEC reply in Ripple lawsuit on Wednesday

Ripple (XRP) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8. 

More Ripple News

Polygon launches zk-based Ethereum scaling solution Miden on testnet, fuelling Layer 2 war

Polygon launches zk-based Ethereum scaling solution Miden on testnet, fuelling Layer 2 war

Polygon (MATIC), the largest Ethereum scaling solution, announced on Monday the launch of its zero-knowledge (zk) based “Miden”, a scaler to boost Ethereum chain’s capabilities. 

More Polygon News

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.

More Bitcoin News

Bitcoin: Should you buy BTC here? Premium

Bitcoin: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read full analysis

BTC

ETH

XRP