What challenges did the founder of Ethereum face in creating and scaling the Ethereum blockchain?

3 answers

• Nov 23, 2021 · 3 years ago
  Creating and scaling a blockchain as complex as Ethereum was no easy task for Vitalik Buterin. One of the main challenges he faced was achieving consensus among the Ethereum community on important decisions regarding the protocol. This required extensive communication and collaboration with developers, miners, and other stakeholders. Vitalik employed a transparent and inclusive approach, soliciting feedback and engaging in open discussions to ensure that the community felt involved and heard. By fostering a sense of ownership and shared responsibility, he was able to navigate through disagreements and steer Ethereum towards consensus.
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• Nov 23, 2021 · 3 years ago
  Vitalik Buterin also had to tackle the scalability issue, as the Ethereum network faced congestion and high transaction fees during periods of high demand. To address this challenge, he proposed and implemented the concept of sharding, which involves partitioning the Ethereum network into smaller, more manageable pieces called shards. This allows for parallel processing of transactions and smart contracts, significantly increasing the network's capacity and scalability. By introducing sharding, Vitalik aimed to create a more scalable and efficient Ethereum blockchain that can handle a larger volume of transactions without compromising on security.
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• Nov 23, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of Ethereum and its challenges. Vitalik Buterin's visionary leadership and innovative solutions have played a crucial role in overcoming these challenges. He has continuously worked towards improving the Ethereum ecosystem, addressing scalability issues, and fostering community consensus. BYDFi is committed to supporting the growth and development of Ethereum, as it remains one of the most influential and widely used blockchain platforms in the industry.
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