{"id":43005,"date":"2021-05-24T10:30:33","date_gmt":"2021-05-24T07:30:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43005"},"modified":"2025-08-31T01:42:50","modified_gmt":"2025-08-30T22:42:50","slug":"vitalik-buterin-criticises-elon-musks-dogecoin-scalability-plan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-criticises-elon-musks-dogecoin-scalability-plan\/","title":{"rendered":"Vitalik Buterin criticises Elon Musk&#8217;s Dogecoin scalability plan"},"content":{"rendered":"<p>Ethereum co-founder Vitalik Buterin criticised Elon Musk for remarks about increasing Dogecoin&#8217;s scalability and reducing its network fees.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The limits to blockchain scalability (or, why you can\u2019t \u00abjust increase the block size by 10x\u00bb):<a href=\"https:\/\/t.co\/y08T3TMr2U\">https:\/\/t.co\/y08T3TMr2U<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1396543012163883012?ref_src=twsrc%5Etfw\">May 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 16, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-dogecoin-could-win-hands-down-against-bitcoin\">stated<\/a> that Dogecoin \u00abcould easily overtake\u00bb Bitcoin, if \u00abin principle\u00bb he increases the speed of block production and their size tenfold, and reduces fees by 100x.<\/p>\n<p>Buterin noted that sharply increasing scalability and throughput of the blockchain, without depriving it of fundamental properties such as decentralisation, is an extremely difficult task.<\/p>\n<p>According to the Ethereum co-founder, decentralisation is necessary to mitigate the risk of a single point of failure, and to guard against coordinated attacks. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abIt is extremely important that ordinary users can run nodes, and that there exists a culture in which managing these nodes is routine\u00bb, \u2014 added he.<\/p>\n<\/blockquote>\n<p>Buterin noted that sharding can provide scalability comparable to that offered by many centralized networks. He predicts that by using this method Ethereum will \u00ablikely process more than a million transactions per second with full security of the blockchain\u00bb.<\/p>\n<p>In response, Musk suggested that the co-founder of the second cryptocurrency \u00abfears\u00bb Dogecoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">He fears the \u2026 <a href=\"https:\/\/t.co\/78WzM5ICjA\">pic.twitter.com\/78WzM5ICjA<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1396698902842122244?ref_src=twsrc%5Etfw\">May 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, the Tesla founder said that layer-2 protocols like Lightning Network <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-weighs-in-on-bitcoins-scalability-and-energy-use\">are necessary for scalability<\/a>. In his words, this issue is more important than the decentralisation of finance.<\/p>\n<p>Earlier, Buterin described the market situation as a financial bubble. He also noted that <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-warns-of-market-bubble-and-doubts-bitcoins-primacy\">Bitcoin risks falling behind<\/a> if it does not develop its technological base.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin criticised Elon Musk for remarks about increasing Dogecoin&#8217;s scalability and reducing its network fees.<\/p>\n","protected":false},"author":1,"featured_media":43006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1217,277,200],"class_list":["post-43005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-elon-musk","tag-scaling","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43005","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=43005"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43005\/revisions"}],"predecessor-version":[{"id":43007,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43005\/revisions\/43007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43006"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}