The co-founder of Ethereum, Vitalik Buterin, has expressed his dissatisfaction with the direction of blockchain scaling, stating that many of the chains being developed have no originality.
In his latest blog post, Vitalik noted that the blockchain scaling industry has become too reliant on near-identical EVM chains instead of innovating new technical systems.
He noted that the market is still favoring the launch of the familiar design instead of experimenting with new system models. However, Vitalik noted that the repeated model is hindering the advancement of the Ethereum scaling landscape.
He noted that the current direction of the industry is reminiscent of the development of decentralized finance, where many projects copied existing models instead of creating new ones.
Ethereum’s Scaling Roadmap Advances
According to him, the same is now visible in the case of scaling blockchains. There are many new blockchains that are almost identical in design with little differentiation between them. He also stated that this is leading the development towards a technical dead end.
Buterin was particularly vocal in his criticism of EVM-compatible chains that do not have strong integrations with Ethereum. He claimed that additional chains with minimal functional value to the ecosystem do it a disservice. He believes they split the ecosystem instead of improving it.
He added that the base layer of Ethereum has already scaled. The network has been increasing the capacity for EVM-compatible blockspace. While capacity is not unlimited, he said it is sufficient to support a wide range of applications.
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The co-founder is encouraging developers to focus on systems that introduce new capabilities. The co-founder also pointed out that there is a need to improve privacy-preserving systems and ultra-low latency execution and optimization.
Weak Governance Raises Serious Concerns
He criticized projects that claim a strong relationship with Ethereum but lack any technical connection. He emphasized that it is important to understand how a system relates to Ethereum. Transparency is more important than branding.
In addition to the issue of scaling, Buterin has also expressed concerns regarding the governance of the process. Buterin has previously stated that the informal decision-making process is lacking in accountability.
In another venture, Buterin is collaborating with some of the earliest Ethereum developers (OGs) on a security-focused project. This one involves funds that have been idle since the 2016 DAO incident. These funds amount to about $220 million.
The group is now working towards repurposing the funds for a security-focused fund. This will ensure the sustainability of security for the network. Additionally, it shows how important sustainability is becoming.
Buterin’s remarks highlight the need for more technological developments. He noted that further development will not come from repetition but from innovation. This is an important point for Ethereum’s growing developer base.
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