Dfinity founder takes aim at Ethereum’s complex layer-two solutions


Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience.

The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.”

How To Get Free Crypto  

Williams asserted layer-twos cause points of friction for Ethereum users and exposes them to counterparty security vulnerabilities, emphasizing that more than half of Ethereum’s nodes are hosted by Amazon Web Services:

“A lot of these Proof of Stake networks today that people invest in are really just layer-two applications of cloud — we find that pretty disappointing. Blockchain shouldn’t be running on Amazon Web Services where they can steal the validator keys and do all sorts of bad stuff.”

Williams asserts that when a user accesses a blockchain through the cloud, “they have to download MetaMask from Amazon or something that lets them be tracked.” 

He sought to contrast this with Dfinity’s Internet Identity protocol that he claims “can’t track you” unlike MetaMask and many other services downloaded from an app store.

Dfinity’s founder emphasized the numerous friction-points and steep learning curve impacting the user experience on Ethereum, stating: “If you want mass adoption of blockchain, you can’t require people to install MetaMask and then have to buy some Ether from Coinbase — that’s ridiculous. People need to interact with blockchain without having tokens — tokens come later. That’s a really big problem.”

Coinbase Banner  

“On a traditional blockchain, you’re sort of fiddling around creating these transactions through MetaMask or something like that — that’s just not a good user experience.”

Williams also took aim at Polkadot’s forthcoming sharded parachain ecosystem, likening its relay chain to a “centralized toll-fee hub” mediating between disparate blockchains. He also criticized its vision for sharding as failing to ensure “fungibility between smart contracts.” 

“DeFi is so successful on Ethereum […] because these smart contracts exist in a seamless universe and they can all plug into each other — everybody can extend everybody else’s system,” he added.

Since its discreet mainnet launch in December 2020, Williams claims Dfinity has been poorly understood by the broader crypto community and the subject of rampant FUD on social media, lamenting that poor marketing from the project has done little to fix the situation.

Despite the purported FUD-storm, Williams asserts “the Internet Computer will have more users than all other blockchains combined by December of this year.”

FreeBitcoin Banner  

Go to Source
Author: Samuel Haig

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.