Differences between bitcoin and bitumen
The bitcoin community thinks that bitcoin is now 80 percent complete. On the other hand, the community believes that this is only 30 percent complete."
Vitalick said he has a long way to go before completing the thrill. Unlike the bitchpin faction, which thinks that " bitcoin, " designed by Satoshinamoto, is already an innovation, Lee said, " Innovation is now a start. "
He compares the key differences between bigbone and its flashpoint to calculators and smart phones, and says that unlike the bit-coined block chain, it is " capable of making its own tools. " Beyond the first-generation block of bitcoin, which was limited to its function as a simple value moving tool, what this light-taking can do is enable everything to be coded.
Vitalick made it clear that it is targeting not the " block chain for the few, " but the " block chain for all. "
He said, " The bitchan community is a small number of use cases, but we estimate that the fundamental value of those use cases is very high, " adding to the high costs and invalidity of the block chain.
On the other hand, it predicted that although each application case is of lesser value, it is used by more people and that the overall value it provides will be great.
Now, the block chain's biggest challenge is :
" The chain of blocks that doesn't scale a thousand times more than it is now is a useless block chain. "
However, he admitted that the era of the block chain used by everyone is not yet close. In the past, the Cryptonia incident alone has the problem of making the entire network paralyzed when users are suddenly driven.
In that sense, the most urgent and fundamental issue to solve is " scalability. "
The block chain people don't use is a meaningless block chain. However, if people want to use it, they have to solve the scalability problem. Hence, the block chain that is not scalable is called the " useless block chain. "
He, who has called the past " the biggest competitor to this challenge, " promised not to lose his block chain future to other block chain systems. He prepares to modify the consensus algorithm to act as a " engine " for the block chain to ensure scalability. " It is the fate of changing the consensus algorithm with equity certificates, " he said after the major equity certification systems Plasma and Casper are completed.
Ten percent chance to succeed is worth it.
If you can change the world with a 10 percent chance, it is worth your life trying.
After all, the block chain is a " challenge " for non-dealing.
Complaining with the inequality of power in the centralized system, he developed this world-focused block chain, which was one of the most popular building blocks in the world.
Sometimes people pay more attention to the monetary value than to the ideological value of the block chain, but Vitalick is still obsessed with changing the world. He said he believes that a better world will be created through the deepest block chain, and he will try to realize it.
Although the chance of success may be extremely low, if successful, they are confident that the value they provide is enormous.