Why Ethereum Architecture is Flawed (compared to Bitcoin)

Artemis3

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Quote from: Herbert2020 on July 29, 2019, 02:48:50 AM

any project that copies bitcoin technology can never be better than bitcoin. that can never change no matter what changes they make in the protocol. and the fact is that even though ethereum may look different and new but it is a copy of bitcoin! it uses the same proof of work algorithm but with a different hash function!!! it uses the same blockchain architecture with a different difficulty setting. it uses the same script settings with slight differences.
the fact is that Vitalik was pushing bitcoin towards having all these features back in the days (you can even find his arguments online) and it was rejected since bitcoin is a currency not a platform for silly things. so he copied bitcoin and created ethereum.

that article has some points in it but in my opinion it is exaggerating a lot of things. for instance bitcoin may not be the fastest option or the most efficient thing but it is far from being slow and inefficient.

What about the part where it switches to Proof of Stake? Or the part where new coins will keep appearing? Smart contracts may be fun (used as platform for a thousand tokens) but that's the least of the worries. Oh and don't forget undoing the blockchain, because a few individuals have the power to do so...

BrewMaster

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Quote from: Broly46 on July 29, 2019, 08:43:00 AM

I think Ethereum did a good job at promoting bitcoin wide adoptions,

you mean the coin that's advertising campaign was centered around replacing bitcoin? the coin that invented terms such as "flippening" and "bitcoin maximalist" just to pump itself more?
i don't think it did anything remotely positive for bitcoin. not just that, it didn't do any good to the whole market either. the ICO and basically the scam techniques that it introduced will continue biting the whole market in the ass for years to come.

Leonardo7

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Bitcoin and Ethereum are just way apart. They are not in the same class. When making a comparison, we just compare ethereum with BNB, EOS and other DAPP platforms. Bitcoin is way apart a different technology.

Broly46

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I think Ethereum did a good job at promoting bitcoin wide adoptions, it’s faulty and it is also why so many ICO launched on it and abusing the flaws, but it is all develop too quickly, we’re all couldn’t keep up with the changes all of a sudden. But we can slowly catch up in the future.

Mandoy

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I have been in the cryptocurrency business for 5 years and I will not give a negative remarks on any coin be it ethereum or bitcoin. Bitcoin have its own strength and weaknesses and it goes the same way with Ethereum. Those are normal programming, it is how the developer designed for a purpose.

But in regards, to comparing ethereum architecture to bitcoin if we are looking at the preferences of the author who made that article then he has a point. In that aspect Bitcoin is much better than Ethereum. But in general, aside from those aspects ethereum have also many positive features and that is why ethereum also advances in the cryptomarket today.

My point is, let us not look on one side, but rather let us look on the overall aspects of Ethereum so we may appreciate it well.

Micerker

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Quote from: TheWolf666 on July 29, 2019, 12:29:16 AM

Check this article: https://medium.com/@hugonguyen/why-ethereum-architecture-is-flawed-d4eefd15db3e

It gives an interesting analysis of the Bitcoin flows that are actually what makes Bitcoin sure and secure, compared with Ethereum that tries to do every Bitcoin does not, but not with a good outlook in the future.
If you like Ethereum better than Bitcoin, you might reconsider your choices!

(note: this article talk a lot about Bitcoin in an interesting and critical way, reason why I posted it in the Bitcoin section of the forum).

I think that all Blockchain ecological ecosystems have different advantages and disadvantages. The environmental structure of Ethereum may not be as good as Bitcoin, but the speed of processing Ethereum's Block is better than Bitcoin. In particular, Ethereum is one of the many ecosystems Altcoin has chosen as the token development platform.

muslol67

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The biggest problem I think is here! Why do you have to compare Ethereum with Bitcoin? Two ideas with completely different missions! I think this is one of the biggest mistakes in the forum. Nonsense comparisons are made to only send messages and fill the number of posts in signature campaigns. The comparison of Ethereum and Bitcoin is one of them.

Herbert2020

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any project that copies bitcoin technology can never be better than bitcoin. that can never change no matter what changes they make in the protocol. and the fact is that even though ethereum may look different and new but it is a copy of bitcoin! it uses the same proof of work algorithm but with a different hash function!!! it uses the same blockchain architecture with a different difficulty setting. it uses the same script settings with slight differences.
the fact is that Vitalik was pushing bitcoin towards having all these features back in the days (you can even find his arguments online) and it was rejected since bitcoin is a currency not a platform for silly things. so he copied bitcoin and created ethereum.

that article has some points in it but in my opinion it is exaggerating a lot of things. for instance bitcoin may not be the fastest option or the most efficient thing but it is far from being slow and inefficient.

TheWolf666

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Check this article: https://medium.com/@hugonguyen/why-ethereum-architecture-is-flawed-d4eefd15db3e

It gives an interesting analysis of the Bitcoin flows that are actually what makes Bitcoin sure and secure, compared with Ethereum that tries to do every Bitcoin does not, but not with a good outlook in the future.
If you like Ethereum better than Bitcoin, you might reconsider your choices!

(note: this article talk a lot about Bitcoin in an interesting and critical way, reason why I posted it in the Bitcoin section of the forum).

Topic: Why Ethereum Architecture is Flawed (compared to Bitcoin) (Read 195 times)