January 17, 20183min744

Vitalik focuses on what matters the most

I expect 2018, at least within the Ethereum space that I’m best able to speak about, will be the year of action. It will be the year where all of the ideas around scalability, Plasma, proof-of-stake, and privacy that we have painstakingly worked on and refined over the last four years are finally going to turn into real, live working code that you can play around in a highly mature form in some cases on testnets, and in some key cases even on the public mainnet. Everyone in the Ethereum space recognizes that the world is watching, and we are ready to deliver Vitalik Buterin co-founder of Ethereum.

These statements came during an interview with TechCrunch. Vitalik Buterin, the founder of Etherium focusing his interest on his Smart contract Unicorn and his plans to step down from Fenbushi which was founded in 2015 as one of the first companies to invest into blockchain related projects such as ICO’s. As Vitalik steps down as a general partner at Fenbushi, he will still play an advisory role within the company.

By focusing on the one project, he will spend all his time and energy at addressing the “problems” facing the Ethereum technology.

He also called on the Ethereum community to focus on building a product rather a “navel graze”. Given Ethereum’s increase in valuation, it has resulted to many people in the community now focusing on price rather than the product’s performance.

He wants to devote more time to the scalability issue which Ethereum is currently facing. A similar problem which Bitcoin and many other cryptocurrencies are also currently facing as transaction fees of Bitcoin at certain times could go up to about $30 per transaction.

 

To throw more light on the importance on the scalability issue surrounding many cryptocurrencies, he released another tweet in December where he emphasized the importance of a “good performing product”.

“*All* crypto communities, ethereum included, should heed these words of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.”

 


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