Ethereum developers should be applauded. They are hard at work, readying the smart contracting platform for a system-wide upgrade, Istanbul, a necessary hard fork that completes Metropolis and set the ground rolling for Ethereum 2.0, a renewed version of the open ledger that incorporates Proof of Stake consensus algorithm and projected to be ready by 2023. The revamped network will not only resolve scalability problems but cement its position as a go-to platform for launching dapps.
680 Aragon one Smart Contracts will be Broken
However, ahead of the anticipated software upgrade, scheduled for activation at block height 9,069,000, not all are happy. Displeased by the influence of Vitalik Buterin, the whizz kid, the co-founder of Ethereum, and Ethereum Foundation, they seem to complain that their effort will count for nothing if there are not endorsed by the two.
Posting a tweet, a user, notgrubles, is obviously discontented, saying:
“You can do whatever you want on Ethereum until Vitalik and the Ethereum Foundation pull the rug from underneath you.”
This could stem from the fact that Istanbul will break 680 Aragon smart contracts upon release. Aragon One describes itself as the first digital jurisdiction that is manned entirely by Ethereum smart contracts.
As a decentralized management platform incorporating DAOs, activation of Istanbul will prevent the platform’s decentralized organizations from receiving or transferring ETHs from one another.
Commenting, Jorge Izquierdo, the CTO of Aragon One said:
“The issue we’re going to have hasn’t been deemed important enough for this hard fork not to happen, which from our point of view is unfortunate [but] it’s a hard balance we understand.”
Vitalik is seen as Ethereum God-father and whatever he says or endorses, critics claim, should be interpreted as gospel, an observation that doesn’t sync well with a section of developers who view blockchain projects as collaborative and proposals open for criticism.
Ethereum is full of uncertainty:
– Uncertain maximum supply
– Uncertain consensus algorithm
– Uncertain legal status
– Uncertain security
– Uncertain scalability
– Uncertain centralization (Proof of Vitalik)
And the market hates uncertainty.
— Kevin Pham is in Austin (@_Kevin_Pham) June 13, 2018
In recent times, more people are increasingly becoming vocal, raising their voices and highlighting the apparent developer centralization problem that is quickly encroaching the network.
Contrary to what they have claimed. Ethereum has never been Decentralized. At most only distributed in some cases. When something is actually decentralized by design from release. It is actually quite hard to make it centralized.
— Avatar X (@AvatarX) October 11, 2019
While Vitalik is critical, Ethereum remains one of the most active blockchain projects. Developers, despite being enticed to join competing networks as Tron or EOSIO through irresistible offers, remain steadfast, building and improving the system.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich