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Author Topic: Ethereum Developer: 'I'm More Worried About Blockchain Safety Than Scalability'  (Read 1068 times)

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* Ethereum developer Vlad Zamfir is more concerned
about blockchain safety than scalability.

* Zamfir also tried to explain the difference between
blockchain security and safety.

Prominent Ethereum ( ETH) developer Vlad Zamfir recently
revealed he believes the crypto community should be more
concerned about “blockchain safety” than scalability issues.
Zamfir, who joined the Ethereum community as a developer in
2014 just two years after earning his bachelor’s degree in
Mathematics from the University of Guelph, remarked via
Twitter:

"I am way more worried about blockchain
safety than blockchain scalability, use cases,
or adoption."

Security Versus Safety
When asked to clarify his response (by a Twitter user) about
whether he meant blockchain security, Zamfir said he actually
meant “safety”, and not security. The active blogger who also
speaks regularly about topics related to cryptoeconomics
explained that the Ethereum blockchain network is adequately
secure - as the Ethereum Virtual Machine (EVM) “executes as
specified.”
Commenting on the confusion due to using two similar words -
security and safety - Ethereum co-founder Vitalik Buterin, who
recently received an honorary doctorate from the University of
Basel, said:

"It's generally a bad idea to draw a sharp
distinction between two words that sound like
synonyms and try to force people to accept
them as meaning two different things."

Bitcoin "Is Not Safe!"
Meanwhile, Anaïs Urlichs, the head of research at Eblock
Ventures, asked which “ongoing processes [have been]
implemented in Ethereum and other blockchains to ensure
safety.” In response, Zamfir said the best preventive measures
currently in place were “disclaimers and tools”, however, he
added that “it’s never enough.”
Interestingly, when a Twitter use recommended that people use
bitcoin (BTC) instead of Ethereum, Zamfir said:

"Bitcoin is not safe! But it is more safe than
Ethereum. But also unfortunately Bitcoiners
don’t want to hard fork."

Zamfir went on to explain that most people aren't able to keep
their keys safe, and that losing them is a "safety issue because
you can lose your ability to spend your Bitcoins when you lose
your private keys."
A Twitter user replied to Zamfir’s explanation by noting he
doesn't see the safety issue in the situation, but sees it as a
personal responsibility issue."
When questioned about whether he views “bad programming
practices in Solidity (programming language built for Ethereum)
as a vulnerability”, Zamfir said: “A safety issue, not
vulnerability."

Solidity Is A "Weak Spot"
In response, another user said that the kind of issues Zamfir was
talking about were “beyond what blockchain developers can
[control]” as he thinks Solidity is a “weak spot” - “after private
key management, but education is all there is to do.”
Héctor Cárdenas, the CEO of a spanish news outlet, joined the
conversation by noting: “Curious that you're worried about this,
when the biggest threat to 'blockchain safety' is a trusted third
party in control, an owner, something like what the Ethereum
Foundation is to Ethereum.”
Responding to Cárdenas’ comments, Zamfir said:

"You might be thinking about security. I
wonder if you'd characterize Tezos as having
owners."

The Ethereum developer then went on to allege that Tezos ’
developers actually own its blockchain.

Source : https://www.cryptoglobe.com

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