CSO At Blockstream Says Ethereum Will Ultimately Die.

CSO At Blockstream Says Ethereum Will Ultimately Die.

Following a report which claims that blockchain's network utilization has reached a whopping 90%, the scaling issues which have long plagued the Ethereum blockchain is now made clearer. Hence, yielding nasty comments from the community and enthusiasts of which one was from Blockstream CSO.
Samson Mow who is the CSO at Blockstream and a prominent figure within the crypto industry, slammed Ethereum in a recent tweet saying that the Ethereum blockchain is a “dead end” that will ultimately “die.”

According to him, the more it's used, the faster it dies. He also said that USDT is also available on the #LiquidNetwork which is more scalable and later will allow Lightning Networks to be created for assets like Tether,” Mow explained.

Vitalik Buterin, the creator of Ethereum, responded to Mow by noting that Bitcoin’s network capacity is “also full,” eluding to the fact that scaling is an issue that is not unique to Ethereum, and major scaling solutions have not yet solved the problems faced by other major blockchains.

Certainly, Ethereum’s nearly full network capacity is presently considered as an issue, however, one should know that many analysts and developers anticipate these issues to be resolved after the release of Ethereum 2.0
ETH2.0 will be a critical development for the future success of the Ethereum blockchain, but if it is unable to fully amend the issues currently faced by the blockchain, it could mean that there will be a mass exodus of developers and users away from Ethereum.

According to NewsBtc, the first step to introducing ETH2.0 will be Beacon Chain, which is expected to be released at some point in the near-future.