Vitalik Says He Has ‘Some Respect’ for How EOS Handles Governance

Ethereum’s co-founder recently tipped his hat to EOS for its niche-carving efforts.

In a recent series of tweets, Ethereum co-founder Vitalik Buterin gave a nod of approval to competing blockchain EOS with regard to the niche they are trying to carve out.  

“If I were designing a new chain to live alongside Bitcoin and Ethereum, I would take all the political tradeoffs that BTC and ETH aren’t willing to take,” Buterin said in a May 15 tweet referring to Bitcoin and Ethereum. 

Vitalik labeled EOS aspects of interest

Listed by Cointelegraph as the fifth most influential person in crypto and blockchain, Buterin holds significant weight in the industry. 

Buterin noted quadratic voting-based on-chain governance and all built-in cryptographic procedures as tradeoffs of interest. He also included on-chain oracles for all events, instead of ones that simple relay price moves.  

Blockchain identity usage also surfaced 

Buterin also mentioned potentially adding some form of identification on the network. “Perhaps even an on-chain model of identity, at least for participants who want to participate in governance (non-governing actors would still be fully anon),” he said, although he specified constructing the feature “smarter” than other current platforms.

“This is why I actually have some respect for EOS and co.,” Buterin said in conclusion. “I disagree with DPoS but at least they’re trying to develop a cohesive and principled alternative niche,” he added, referring to the delegated proof-of-stake blockchain framework. 

Cointelegraph reached out to Buterin for additional details but received no response as of press time. This article will be updated accordingly should a response come in. 

Source: Cointelegraph.com

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Passionate about Crypto-Currencies and Bitcoin enthusiast. Oliver is an Editor on Crypto Cool News.

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