'Ethereum 2.0' is just a fake orgasm
Editor's note: This article is from a contribution, the original author: Gu Ya, and Odaily is authorized to publish.
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1. Data expansion is a false demand
The obsession with "scaling" has brought Ethereum in 2014, BCH in 2017, EOS in 2018, Polkadot and Cosmos in 2019, DeFi in 2020, and "Ethereum 2.0" in 2021 to the encryption world.
"Ethereum 2.0" is a typical "data expansion", and its assumption is "data congestion", but this is not a real congestion, but vehicles that pay high tolls are given priority. In fact, as a value network, Bitcoin and Ethereum have never been really congested, and the scale of value they handle has been rising.
The representatives of value expansion are "Ethereum 1.0" and "DeFi". By allowing more assets to be issued and processing more types of transactions, the purpose of value expansion has been achieved, and they have also led the encryption community out of the world twice in 2017 and 2020 respectively. trough.
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2. Decentralization is the only advantage
The "impossible triangle" has changed "decentralization" from a must to an option. This wrong statement has misled many teams.
The purpose of decentralization is not to fight against supervision, but to fight against human nature. We need a 7*24 unattended trust machine, which is not transferred by the will of any group.
The technical indicators of the POS consensus look good, but it is currently impossible to achieve true decentralization. The block production tool is tokens, and the tokens will definitely appear the 28th law with the Pareto effect. The distribution of assets The 80/20 law is not terrible, but the 80/20 law of production tools is really terrible. At the same time, the identity of the operator of the entire network is exposed in the centralized world, and the probability of survival in the event of a large-scale attack is zero.
POW miners are profit-seeking, and they don’t care about the life and death of the system and the price of the currency. They come when they have money, and leave when they have no money. This is the real loyal maintainer of the system. They only agree with one rule to act. Token holders are different. They have various judgment indicators and standards and cannot have a unified will.
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3. Core technical issues encounter bottlenecks
The core technical problem of Ethereum 2.0 is sharding technology, and the recently updated roadmap of the Ethereum Foundation has made it very clear:
(1) The importance of Phase 2 is no longer emphasized for the time being, and Phase 1 is dedicated to implementing data sharding (shard data) for use by rollup;
(2) The beacon chain will have the execution function, that is, after the merger of Eth1-Eth2, the beacon chain block will directly contain transactions;
(3) The three major tasks after the implementation of Phase 0: light client support, data sharding, and merging will be promoted in parallel, and any module will be launched as soon as it is ready.
I guess most people cannot fully understand these three sentences, so I will simply translate them for you:
(1) We can’t make the available version of Ethereum 2.0 because the “quadratic sharding” can’t be done. We think it’s better to figure out the simplest part of the sharding technology first, and use it for the community’s Layer 2 solution. ;
(2) The currently launched Ethereum 2.0 version cannot be expanded;
(3) The "Ethereum 2.0" you saw on December 1, 2020 is a version that can't do anything except "staking". We are advancing every task. When will we be able to make it, you guys When to use it.
In other words: the reason why Ethereum 2.0 will always be available for three years is because of the "controllable nuclear fusion technology" of sharding.
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4. The achievements of "Layer2" are remarkable
From Zk rollup to Optimistc roll up, we have seen a large number of mature two-layer network solutions today. Well-known DeFi projects such as Synthetix and Uniswap have begun to be deployed on the two-layer network. It is foreseeable that Layer 2 can at least expand Ethereum by 10 times.
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5. Ethereum is a financial system rather than software
People of insight in the Ethereum community and the entire encryption community have questioned 2.0, but the high sentiment in the market quickly overshadowed these voices. As the right to speak of the underlying protocol begins to concentrate, the views and practices of the Ethereum Foundation are hardly questioned.
When we look at value networks with software thinking, we focus on a series of unrealistic technical indicators. When we look at value networks with economic system thinking, we look at problems in a different way. The upgrade of the underlying protocol means the conversion of various definitions and concepts, but the role of the developer cannot really solve the problem.
Finally, I reiterate the point of this article: ETH2.0 is a fake climax, and its requirements and solutions have basic logic errors. Not only will it fail completely, but it will also have a worse impact on the entire encryption community.
