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Buterin Refutes Claims, Will Not Leave ETH

On the 1st of November, it was reported that Vitalik Buterin, co-founder of ETH, says his product will not move forward and success is expected when steps back from the company, which insinuates that ETH will never move forward with Buterin in charge. Since then, a lot of critics have started to assume that Buterin will no longer be devoted to the growth of ETH.


 

Denying the Claims

Buterin has addressed the claims in a statement. He asserted the fact that he will not be leaving ETH and his attention on researching blockchain technology will not be reduced. Moreover, he stated that he is encouraging the inclusion of more developers into the community.

He continued on to say that even though he will continue his focus on the research aspect, he is not in charge of everything and that his comment was about the inclusion of more people to work as opposed to the exclusion of his.

ETH Achievements

Péter Szilágyi, a developer for blockchain, recently shared statistics that showed that ETH Go is developing so fast that it ranks 5th in terms of the growth rate of open-source initiatives worldwide.

With the upsurge in efforts in order to make the basic layer within the protocol much stronger and to launch second-layer expanding solutions like Plasma and Sharding, the number of developers has notably increased in 1 year.

Buterin said in the statement that it is extremely critical for the developers to actually manage the project, as opposed to a small team of figureheads. He also noted that ETH is to stop relying on him completely, but that surely doesn’t mean he would be leaving.

In order to promote ETH moving on to solo projects as well as individual developers, the ETH foundation gave millions of dollars to multiple open-source initiatives whose work focuses on products or solutions that will completely improve the basic layer of the system.

The foundation stated that as it grows, more members of the community will be involved in making decisions. The project had drastically improved because of the community’s feedback, so public tools, as well as structure, are provided.

During the event, projects related to usability, client diversity, security, or scalability were provided with grants between $10,000 and $420,000, the dev team behind a product called Noncustodial Payment Channel Hub was given the highest grant to start working on a 2nd layer Tx settlement system.

Afri Schoedon, a developer at Parity Technologies, encourages dApps to use independent nodes rather than using Infura, a 3rd party node structure provider, to process data and decrease centralized systems. ETH is one of the primary advocates for decentralization and it ensures that blockchain has to be implemented with a P2P approach.

1 month ago

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