No. Vitalik Buterin and Sergey Nazarov just have a difference of opinion on whether smart contract protocols should be interoperable. Chill Link Marines.  Covered: Vitalik’s Thoughts Link Marines Vitalik’s Thoughts Ethereum founder Vitalik Buterin posted on Reddit today — as he’s won’t to do — detailing his thoughts on interoperability. He appears to not be […] The post Are Vitalik Buterin And Sergey Nazarov Beefing? appeared first on CryptosRus.

Are Vitalik Buterin And Sergey Nazarov Beefing?

No. Vitalik Buterin and Sergey Nazarov just have a difference of opinion on whether smart contract protocols should be interoperable. Chill Link Marines. 

Covered:

  • Vitalik’s Thoughts
  • Link Marines

Vitalik’s Thoughts

Ethereum founder Vitalik Buterin posted on Reddit today — as he’s won’t to do — detailing his thoughts on interoperability. He appears to not be a huge fan. In his mind, the multi-chain is the clear-cut winner.

“The fundamental security limits of bridges are actually a key reason why while I am optimistic about a multi-chainblockchain ecosystem,” Buterin said on Reddit.

His reasoning revolves around 51% attacks.

“To understand why bridges have these limitations, we need to look at how various combinations of blockchains and bridging survive 51% attacks. Many people have the mentality that “if a blockchain gets 51% attacked, everything breaks, and so we need to put all our force on preventing a 51% attack from ever happening even once”. I really disagree with this style of thinking; in fact, blockchains maintain many of their guarantees even after a 51% attack, and it’s really important to preserve these guarantees.

Buterin added, “For this reason, it’s always safer to hold Ethereum-native assets on Ethereum or Solana-native assets on Solana than it is to hold Ethereum-native assets on Solana or Solana-native assets on Ethereum.” Moreover, he believes that assets are vulnerable to be stolen through bridges “the more usage of cross-chain bridges and apps there is, the worse the problem becomes.”

Ultimately, Buterin believes that “no one will 51% attack Ethereum just to steal 100 Solana-WETH (or, for that matter, 51% attack Solana just to steal 100 Ethereum-WSOL).” However, the larger numbers get — he points 10 million in ETH or SOL — then it becomes more and more likely an attack will occur.

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Link Marines Go GI Joe

The response from the Chainlink community — at least from the vocal minority — is intense, to say the least.

It wasn’t just the Link Marines on Twitter, either. A Chainlink Blog, Chainlink Today, clapped back at Vitalik. “Sergey Nazarov explains why cross-chain communication between blockchains will be a landmark innovation in the development of #Web3 and give rise to cross-chain hybrid smart contracts,” they tweeted about 54 minutes after Vitalik’s tweet.

Overall, the general sentiment was negative toward Vitalik, even though in Vitalik’s vision of the future, Chainlink would still have a role as an oracle. For more reasons than just that, it seems unfair to suggest that Vitalik tried to FUD Chainlink. And, most likely, very wrong.

Though, to be fair, Chainlink did coincidentally stop pumping after Vitalik’s tweet. But that ultimately says more about how insane the crypto market is than anything else. Hopefully, regardless of who’s vision comes true, the future is one where a thoughtful Reddit post doesn’t send a token crashing.

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The post Are Vitalik Buterin And Sergey Nazarov Beefing? appeared first on CryptosRus.