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Dominic Williams takes jabs at Ethereum’s complex layer-two solutions
Jun, 19 2021
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Dominic Williams, the Dfinity
founder has analyzed Ethereum’s evolving ecosystem of layer-two solutions for
revealing users towards counterparty security risks. He and its internet
computer, has criticized the scaling solutions put forward by Ethereum and
Polkadot for contributing a disjointed user experience.
The self-described “blockchain
maximalist” analyzed Ethereum’s increasing ecosystem of second-layer scaling
solutions, labelling Ethereum as starting to approach a ridiculously elaborate
“Rube Goldberg machine” of “layer-two cloud applications", meaning
Ethereum is opting to do it in a complex way which is not necessary
Dominic’s experience and lookout-
Williams stated that the two-layer
solution might create friction for Ethereum users. It may disclose them to
counterparty safety vulnerabilities, highlighting that more than half of
Ethereum’s nodes are hosted by Amazon Web Services.
Williams said that when a user
contacts a blockchain from the cloud, “they have to download MetaMask from
Amazon or something that lets them be tracked.” He sought to differentiate this
with Dfinity’s Internet Identity protocol that he claims “can’t track you”
unlike MetaMask and various other services downloaded from an app store.
Dfinity’s founder highlighted the various friction points and steep knowledge curve impacting the user experience on Ethereum. He says that: “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 the blockchain without having tokens — tokens come later. That’s a really big problem.”
Williams also took interest in
Polkadot’s forthcoming sharded parachain system, likening its relay chain to a
“centralized toll-free hub”. It was done by mediating between disparate
blockchains. He also analyzed its vision for sharding as failing to confirm
“fungibility between smart contracts.” Still Williams has said “the Internet
Computer will have more users than all other blockchains combined by December
of this year.”
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Vandana Mrigwani
CBW - External Analyst
INDIA
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