Ethereum 2 is useless on arrival… I predict a mass exodus. : ethereum

So, by now you’ve got in all probability learn the information that the merge is not going to occur in June in any case… we have heard this earlier than, really, we have heard the identical factor for years.

I used to be round when Vitalik first started speaking about how he would scale Ethereum (not 2.0, means earlier than) utilizing a mixture of CASPER PoS and shards… that by no means occurred.

As an alternative, they abruptly started copying the approaches of newer blockchains and now need to rebuild Ethereum from scratch, while making an attempt to go it off as an “improve” when it is clearly not.

Ethereum 2 has nothing to do with Ethereum… Most individuals have but to comprehend this. It is a utterly new blockchain, with an EVM.

EVM stands for Ethereum Digital Machine. If a blockchain has an EVM, which means they’ll run the solidity sensible contracts which can be at the moment working on Ethereum. We’re already seeing the arrival of those on different blockchains.

Why is that this dangerous for Ethereum 2? To ensure that this to make sense, we’ve to know that even the theoretical guarantees made by Vitalik are weak as compared to what’s already being achieved by different blockchains on their EVMs.

From the beforehand linked put up by Vitalik himself:

In the present day, Ethereum has ~15 TPS.

If everybody strikes to rollups, we’ll quickly have ~3000 TPS.

As soon as part 1 comes alongside and rollups transfer to eth2 sharded chains for his or her knowledge storage, we go as much as a theoretical max of ~100000 TPS.

Finally, part 2 will come alongside, bringing eth2 sharded chains with native computations, which give us… ~1000-5000 TPS.

I do not learn about you, however I’m personally sick and uninterested in empty guarantees and theoretical numbers.

Section 1 Nobody is aware of when that’s and so they’ve simply pushed the deadline.

Section 2 Guarantees a max of 5000 transactions per second.

Guess what? Different blockchains have already got absolutely functioning EVMs working at 10.000 TPS… precise confirmed numbers and twice what Ethereum 2 has to supply on a theoretical degree.

Sick and uninterested in empty guarantees and the present 15 TPS provided by Ethereum? Think about how a lot worse you’ll really feel for those who have been really constructing on it and investing big sums of cash.

Different EVMs exist already… these work and so they already out of date the Ethereum 2 roadmap.

Meaning any Ethereum developer on the market can abandom ship at any time.

I predict a mass exodus and have already begun hedging my bets.

EDIT