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isn't Vitalik betting the farm on phasing out the proof of work, along with deprecating the CAP theorem?
by internet_user 8y ago
isn't Vitalik betting the farm on phasing out the proof of work, along with deprecating the CAP theorem?
- random3 8y agoCan you point to any reference with statements on deprecating or otherwise working around CAP concerns?
- cateye 8y agoNo, I think he is smart enough to avoid making statements around depreciating CAP theorem. He actually emphasizes repeatedly the trilemma of blockchain networks with the factors scalability, security and decentralization and talking about that this would bending physics if it could be realized. I think it is very important for Ethereum to research other consensus mechanism as an alternative for Pow. Otherwise it will be the bottleneck if it wants to realize the vision around "worldwide computer". Vitalik has statements related to usefulness of use cases around private/permissioned blockchain networks. I think that will be only useful if combined with a layer 1 network which is public.