{"id":28325,"date":"2020-09-07T19:49:38","date_gmt":"2020-09-07T16:49:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28325"},"modified":"2025-08-27T11:06:28","modified_gmt":"2025-08-27T08:06:28","slug":"block-one-chief-criticises-slow-and-costly-ethereum-transactions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/block-one-chief-criticises-slow-and-costly-ethereum-transactions\/","title":{"rendered":"Block.one chief criticises slow and costly Ethereum transactions"},"content":{"rendered":"<p>Low speed and high cost of operations on the Ethereum blockchain are linked to mining centralisation. This view was voiced by Block.one chief Brendan Blumer. He added that EOS, which he oversees, has a solution to these problems.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> has resulted in slow, costly, high inflation chain, controlled by a 3 pool cartel that refuses to upgrade the scalability of the protocol, while taking billions per year in mining fees as well as $90 per transaction, and selectively reversing transactions (DAO vs DOT)<\/p>\n<p>\u2014 Brendan Blumer (@BrendanBlumer) <a href=\"https:\/\/twitter.com\/BrendanBlumer\/status\/1302207280662769664?ref_src=twsrc%5Etfw\">September 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cA cartel of three pools refuses to upgrade the protocol&#8217;s scalability, taking billions of dollars in fees as well as conducting selective reversals of transactions,\u201d he explained.<\/p>\n<\/blockquote>\n<p>According to Blumer, the promised updates to Ethereum resemble those being implemented in EOS. The difference is that in the second-largest cryptocurrency everything is accompanied by endless delays, whereas in EOS updates occur monthly.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> promises upgrades that sound more like <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&#038;ref_src=twsrc%5Etfw\">#EOS<\/a> everyday, but with endless delays and no practical path to implementation, while <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&#038;ref_src=twsrc%5Etfw\">#EOS<\/a> delivers technological innovation monthly, that is in turn held to a high degree of scrutiny from a talented global community.<\/p>\n<p>\u2014 Brendan Blumer (@BrendanBlumer) <a href=\"https:\/\/twitter.com\/BrendanBlumer\/status\/1302207285482065920?ref_src=twsrc%5Etfw\">September 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Blumer urged that people rely on the facts and reconsider which is better: EOS or Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">It\u2019s time we all start dealing with facts to push this industry forward, instead of obfuscating reality to push a narrative of \ud83e\uddda\u200d\u2642\ufe0f \u2018s and \ud83c\udf08\u2019s to distract from the fundamentally better design and future of <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&#038;ref_src=twsrc%5Etfw\">#EOS<\/a> over <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a><\/p>\n<p>\u2014 Brendan Blumer (@BrendanBlumer) <a href=\"https:\/\/twitter.com\/BrendanBlumer\/status\/1302207288027918337?ref_src=twsrc%5Etfw\">September 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The latest tweet may have referred to his August posts. At that time Blumer forecasted a move of DeFi projects to EOS. He said they would be better deployed on this blockchain due to liquidity, a developer community and the network\u2019s properties.<\/p>\n<p>In late July, EOS network developers announced the publication of an expanded project roadmap.<\/p>\n<p>Earlier, Xangle analytics, based on on-chain activity of Ethereum <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-on-chain-activity-has-declined-the-defi-segment-feels-the-impact\">predicted<\/a> that the number of new DeFi participants had declined.<\/p>\n<p>Before that, Ethereum developers <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-debate-remedies-for-soaring-gas-fees\">discussed<\/a> the problem of the sharp rise in transaction fees and possible solutions. Some experts <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-ethereum-2-0-launch-wont-solve-the-problem-of-high-gas-fees\">doubted<\/a> that it exists at all, given the forthcoming launch of the protocol\u2019s second version.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low speed and high cost of operations on the Ethereum blockchain are linked to mining centralisation. This view was voiced by Block.one chief Brendan Blumer. He added that EOS, which he oversees, has a solution to these problems.<\/p>\n","protected":false},"author":1,"featured_media":28326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[817,46,1138],"class_list":["post-28325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-eos","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28325"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28325\/revisions"}],"predecessor-version":[{"id":28327,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28325\/revisions\/28327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28326"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}