Vitalik Buterin Approves Competing Blockchain EOS niche-carving efforts

Vitalik Buterin, co-founder of Ethereum has recently given his approval to blockchain EOS for all its efforts related to niche-carving. He has said this recently through a series of tweets on May 15. He has also said that if he would have been designing a new chain beside both Bitcoin and Ethereum then he would be considering all the political tradeoffs that both of them haven’t.

This is why I actually have some respect for EOS and co. I *disagree* with DPoS but at least they're *trying* to develop a cohesive and principled alternative niche.

Buterin includes on-chain oracles for events

Buterin has been placed on number fifth among the top influential persons in both crypto and blockchain world. He is highly influential and his comments or statements regarding anything makes big news in the crypto community.

Buterin is considering on-chain governance based on voting as aspects of interest. Along with this, he has also considered the built-in cryptographic procedures for the same. He believes that on-chain oracles should be included for all the events rather than those which are related to the price moves.

Identification should be added on the network

While mentioning all the things, Buterin has also said that there is a need to add identification processes to the network. He suggested an on-chain model of identity for all those who are participating in the governance should be necessary. He has also emphasised on a smarter move that needs to be there as compared to all other networks.

By the end of his tweet, he has said that he respects EOS for all the efforts that it is putting towards looking for all the alternatives. Buterin also said that he does not support DPos but he respects the efforts that they are putting towards developing the niche alternatives. He referred this to the proof-of-stake, PoS blockchain framework through which the network basically aims towards achieving a distributed consensus. Through his tweet, he has clearly mentioned that he holds some kind of respect the way of handling governance by EOS.

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Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Vitalik Buterin Approves Competing Blockchain EOS niche-carving efforts

Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.