Vitalik: Projects that claim high TPS are centralized piles of trash

07 Feb, 2019 | Updated: 07 Feb, 2019
Vitalik: Projects that claim high TPS are centralized piles of trash

Speaking at the recent Blockchain Connect Conference Held in San Francisco, Ethereum founder Vitalik Buterin was one of the keynote speakers. Buterin spoke about Ethereum 2.0 and answered questions from the audience. 

One of the questions asked to Buterin by the audience was "Is CBC Casper being designed with any transaction throughput goals in mind," before the question could be completed, Buterin cut the question short to explain that there are a lot of misconceptions surrounding transaction data

Buterin explains that there are a "lot of bad crypto projects" that try and claim faster blockchains. Buterin explains that the purpose of a consensus algorithm is to keep a blockchain safe, not fast. 

 Read More: Ethereum devs meeting: Constantinople update to be activated in late February

Buterin dispels the idea that claiming to run thousands of transactions per second (TPS) is the main success for a blockchain, he states when a blockchain project claims "we can do 3500 TPS because we have a different algorithm, what we really mean is we are a centralized pile of trash that only works because we have seven nodes running the entire thing". 

 Read More: Vitalik Buterin explains security issues following delayed Constantinople fork

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