Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ethereum’s Vitalik Buterin Explores Integration With Bitcoin Cash

by Daily Hodl Staff
July 16, 2019
in Blockchain
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Vitalik Buterin believes Bitcoin Cash could be the ideal existing blockchain to serve as a data layer for Ethereum.

Ethereum, along with other blockchain platforms, has notoriously suffered from scalability problems, with a chain that can process about 15-20 transactions per second. In a blog post published on Friday, the Ethereum co-founder lays out the case for utilizing the Bitcoin Cash chain – at least temporarily – to help solve the problem.

Says Buterin,

“In the longer term (1+ year out) the scalable data layer is going to be Ethereum 2.0, because its planned 10 MB/sec data throughput is much higher than that of any existing blockchain. In the shorter term, however, we can start working on these techniques immediately by using existing blockchains, particularly those that have lower transaction fees per byte than Ethereum, as the data layer. Bitcoin Cash arguably fits the bill perfectly for a few reasons.”

Those reasons include high data throughput (about 53.33 kilobytes per second compared to Ethereum’s 8 kb per second); very low fees; and the existing machinery Ethereum has in place to verify Bitcoin Cash blocks.

Buterin also says the BCH community seems to be “friendly to people using their chain for whatever they want as long as they pay the tx fees.”

He does note that there are some negatives to Bitcoin Cash, however.

“The main weakness of the BCH chain is its 10-minute block time. This seems unlikely to change unfortunately. However, there is active interest in the BCH community on strengthening zero-confirmation payments using techniques like Avalanche pre-consensus 41. If these techniques become robust for the use case of preventing double-spends, we could piggyback off of them to achieve shorter finality times.”

Buterin adds that another alternative could be using the Ethereum Classic chain, which has a much faster block time (14 seconds) but lower scalability (approximately 8 kb per second).

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • OpenDAX 3.0 With Exchange Liquidity Network (XLN) by Openware Goes Live
    March 6, 2021
  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$53,550.00
$53,550.00
7.45%
Ethereum
$1,815.91
$1,815.91
7.28%
Binance Coin
$241.17
$241.17
3.15%
Polkadot
$35.44
$35.44
4.27%
Cardano
$1.12
$1.12
0.16%
XRP
$0.478184
$0.478184
3.51%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Warns Ethereum in Big Trouble – Here’s What Could Solve Its Scaling Issues
    March 3, 2021
  • New Theory Claims Cryptographer Len Sassaman Is Bitcoin Creator Satoshi Nakamoto
    March 7, 2021
  • Bitcoin Whales Move $1,450,000,000 in BTC in Just 24 Hours – Here’s Where the Crypto Is Heading
    March 5, 2021
  • Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion Market Cap – Here’s Why
    March 8, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.