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Vitalik Buterin Explained the Main Reasons for the Defeat of 'Big Blockchains' in the Bitcoin (BTC) Scaling War. Vitalik Buterin, creator of #Ethereum addressed the controversial “Bitcoin block size war” of the late 2010s in a recent blog post. Buterin, who once backed “big bloc” supporters, now concedes that the “small bloc” camp’s approach is more sustainable. This discussion centered on how Bitcoin should be scaled, updated, and managed; Supporters of large blocks were advocating hard-fork updates that would increase transaction capacity. However, Buterin thinks that big block supporters do not have the technical competence to effectively realize their vision and therefore fail to replace #Bitcoin . Buterin noted that the success of small-block promoters is partly due to their technical proficiency and fewer mistakes. He evaluated Jonathan Bier's book "The Blocksize War" from a small block perspective and Roger Ver's book "Hijacking Bitcoin" from a large block perspective. According to Buterin, various Bitcoin implementations proposed by big block supporters were flawed. For example, Bitcoin Classic was not well written and Bitcoin Unlimited was too complicated. Their reputations were also further damaged by the big bloc supporters' alliances with the now discredited Craig Wright. Despite the victory of small-block supporters, Bitcoin still faces ongoing challenges. Bitcoin Core developer Matt Corralo recently expressed concerns about Bitcoin's future as a peer-to-peer currency, noting the lack of effective scaling solutions without intermediaries. This has reignited discussions about soft fork proposals and the ultimate goals for Bitcoin's development. Buterin argues that the solution to these problems is new technology, not compromise. He highlighted technologies such as ZK-SNARKs, which he sees as a promising solution for both privacy and scaling; this technology was absent from historical accounts of the block size war. $ETH

Vitalik Buterin Explained the Main Reasons for the Defeat of 'Big Blockchains' in the Bitcoin (BTC) Scaling War.

Vitalik Buterin, creator of #Ethereum addressed the controversial “Bitcoin block size war” of the late 2010s in a recent blog post. Buterin, who once backed “big bloc” supporters, now concedes that the “small bloc” camp’s approach is more sustainable. This discussion centered on how Bitcoin should be scaled, updated, and managed; Supporters of large blocks were advocating hard-fork updates that would increase transaction capacity. However, Buterin thinks that big block supporters do not have the technical competence to effectively realize their vision and therefore fail to replace #Bitcoin .

Buterin noted that the success of small-block promoters is partly due to their technical proficiency and fewer mistakes. He evaluated Jonathan Bier's book "The Blocksize War" from a small block perspective and Roger Ver's book "Hijacking Bitcoin" from a large block perspective. According to Buterin, various Bitcoin implementations proposed by big block supporters were flawed. For example, Bitcoin Classic was not well written and Bitcoin Unlimited was too complicated. Their reputations were also further damaged by the big bloc supporters' alliances with the now discredited Craig Wright.

Despite the victory of small-block supporters, Bitcoin still faces ongoing challenges. Bitcoin Core developer Matt Corralo recently expressed concerns about Bitcoin's future as a peer-to-peer currency, noting the lack of effective scaling solutions without intermediaries. This has reignited discussions about soft fork proposals and the ultimate goals for Bitcoin's development. Buterin argues that the solution to these problems is new technology, not compromise. He highlighted technologies such as ZK-SNARKs, which he sees as a promising solution for both privacy and scaling; this technology was absent from historical accounts of the block size war.
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Huge Move from Pantera Capital! Will Buy $100 Million Ethereum! “I have good and bad news for you. Good news; We are not dead yet. The bad news is that we are still alive,” said Anton Chekhov. With the declines we experienced during Eid al-Adha, investors probably said that we are still experiencing it. However, the good news is that we are not dead yet for the cryptocurrency world. Good news came from Pantera Capital. Let's look at the details together. Pantera Capital, one of the companies we often hear about in the cryptocurrency space, announced its intention to purchase $ 100 million worth of Ethereum (ETH) when Bitwise's spot ETH ETF begins trading. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto! Bitwise disclosed in its amended filing that it has allocated $2.5 million in fiat currency funds for the ETF, but has not yet purchased Ethereum itself. According to the documents included in the file, it was stated that Pantera Capital, through its affiliated investment funds, expressed interest in purchasing up to $100 million worth of shares in this offering. To make a comparison for a $100 million investment, let's remember that Bitwise allocated $200 million at that time to be used for the Bitcoin ETF. In this case, the figure allocated for Ethereum corresponds to 50% of the figure allocated for Bitcoin. What will become important in the future is how much inflow there will be into Ethereum ETFs. In the process, we will now clearly see the entry and exit figures for spot Bitcoin ETFs as well as the entry and exit figures for spot Ethereum ETFs. Another issue that caught our attention in the file presented by Bitwise is the exchanges shown as counterparties of Ethereum trading. Interestingly, Kraken was preferred over Coinbase. Accordingly, Kraken will provide the custody service for Ethereum. $BTC $ETH
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