Vitalik Buterin Issues Crucial Bitcoin (BTC) Statement

United States News News

Vitalik Buterin Issues Crucial Bitcoin (BTC) Statement
United States Latest News,United States Headlines
  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Ethereum cofounder Vitalik Buterin delves into contentious Bitcoin block size war

, Ethereum cofounder Vitalik Buterin provided an in-depth analysis of one of Bitcoin’s most contentious historical debates. Buterin's reflections are based on his readings of two prominent books on the subject: Jonathan Bier's"The Blocksize War," which offers a pro-small-block perspective, and Roger Ver and Steve Patterson's"Hijacking Bitcoin," which advocates for the big-block viewpoint.

The Bitcoin block size war of the 2010s was a fundamental dispute over the direction and nature of Bitcoin’s scalability and utility. The central issue was whether Bitcoin should increase its block size limit from 1 MB to accommodate more transactions, thereby reducing fees, or maintain smaller blocks to ensure that running a node remains accessible to more users, preserving decentralization.Jonathan Bier’s"The Blocksize War" emphasizes the small blockers' view.

Conversely, Roger Ver and Steve Patterson’s"Hijacking Bitcoin" captures the big blockers' stance. They saw Bitcoin as digital cash, not just digital gold, and believed that low transaction fees were essential for its use as a global payment system.

This dynamic, according to Buterin, was evident in the block size war, with small blockers maintaining technical control while big blockers struggled to implement their ideas effectively. Buterin stressed that the ultimate solution to such political and technical stalemates lies in new technologies that can satisfy both sides.’s embrace of technologies like ZK-SNARKs and BLS aggregation as examples of how innovative solutions can enhance scalability and decentralization simultaneously.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vitalik Buterin Slammed by Bitcoin Maxi, but Erik Voorhees Comes to RescueVitalik Buterin Slammed by Bitcoin Maxi, but Erik Voorhees Comes to RescueEthereum founder criticized by Bitcoin maximalist and opposed to Satoshi Nakamoto
Read more »

Vitalik Buterin Issues Major Warning on 'Official' Crypto ScamsVitalik Buterin Issues Major Warning on 'Official' Crypto ScamsEthereum founder Vitalik Buterin warns that in crypto industry, term 'official' often signals scam
Read more »

Vitalik Buterin proposes the first block on Taiko mainnet, appreciates Ethereum-equivalent rollupVitalik Buterin proposes the first block on Taiko mainnet, appreciates Ethereum-equivalent rollupVitalik Buterin proposed Ethereum-equivalent Layer 2 rollup Taiko’s first block on its mainnet.
Read more »

Vitalik Buterin Lends Hand of Support to DOGE CommunityVitalik Buterin Lends Hand of Support to DOGE CommunityEthereum leader has supported Dogecoin army over sad news they have faced
Read more »

Vitalik Buterin Reveals Biggest Ethereum Challenge NowVitalik Buterin Reveals Biggest Ethereum Challenge NowVitalik Buterin believes coordination is key issue for Ethereum right now
Read more »

Ethereum's Vitalik Buterin Surprises With Dogecoin Message: DetailsEthereum's Vitalik Buterin Surprises With Dogecoin Message: DetailsVitalik Buterin reacts to Dogecoin dog Kabosu's passing
Read more »



Render Time: 2025-02-21 10:41:02