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Samson MOU, CEO of Blockstream, I’m sure the demise of Ethereum is around the corner. Specialist for strategic development of the Corporation noted that Ethereum has hit the technological dead end because my main problem is scalability.
Samson noted that the greater the bitcoin ETH is used, the closer its demise. He also commented on the publication in the publication Bloomberg, in which it was said that about 90% of the use of Ethereum falls on the Tether is a popular stablon. If the situation does not change, this will lead to a significant increase in fees in the home network to critical levels. As a result, developers will be more profitable to focus on other blockchains, abandoning the development of Ethereum.
Vitaly Buterin quickly replied to the post Samson MOU. He highlighted that bitcoin is currently too crowded, like Ethereum. The representative of the company Blockstream did not agree with the opponent, explaining the difference between the two networks.
The scalability problem sin all the blockchain network, but the Ethereum in the worst situation, as it is used to calculate the data, and bitcoin is designed for the processing of transactions. Recently Buterin also stated that the blockchain its network is almost full, so now institutional players find it difficult to work in it. According to Vitali, over time the developers will fix the situation, although it will slightly affect the security of the platform.
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