Dan was interrogating Vitalik, and, as we see, the scalability was a concern in 2014 and it is still the biggest concern of Ethereum nowadays. Another concern then and now is regarding using Proof of Work, which influences people to do useless work and makes the system centralized by miners. We saw recently for Status ICO that one token distribution was crashing the whole system, stopping other decentralized applications to work properly. Miners were abusing the system by processing some transaction first, so they can buy tokens cheaper during the distribution.
While Ethereum is still planning to address somehow that, Bitshares and Steem already have proven solutions. Bringing those solutions into an easy to use software to develop apps is why we need EOS.IO. Here I explain EOS in simple words.
Don't forget to upvote and follow me for more info about cryptos 💰
I'm making the crypto world friendly and accessible for everyone by explaining acronyms and terms related to cryptocurrency. Here I found:
Please upvote for visibility. If there are any missing terms here you want to be added to the database, please comment, so I'll become better.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wish i could listen to the video now, alas Im at work, bookmarked it for later, thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good, clear explanation, thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit