Golem CEO Julian Zawistowski lately joined us for TNW Answers session the place he was very happy to share his views on the corporate’s alternative of blockchain platform.
“Ethereum is by far probably the most promising platform and we can not see one other one which’s remotely near it,” Golem mentioned to a query about Ethereum’s scalability points and whether or not Golem would think about migrating from it. “In fact we want to work together with the blockchain extra and as soon as Ethereum scales we will do it in a wider method.”
When one other participant requested about why he selected to construct Golem on prime of Ethereum, he mentioned:
Now we have been supporting and constructing on prime of Ethereum since its very early days. The truth is, we realized that Golem could be attainable to be constructed and work on Ethereum and due to Ethereum.
Zawistowski additionally urged that he doesn’t like the best way ICOs have developed and are being executed though Golem itself raised cash via one. “All the ICO mania doesn’t assist the [cryptocurrency] house”, he mentioned in one of many solutions.
Ethereum, though lending help to the maximum number of altcoins constructed on prime of its blockchain, continues to undergo from scalability points, which means the platform can not maintain a lot of customers on its platform. When Cryptokitties was going viral, the community congestion caused a sixfold increase within the variety of pending transactions.
Ethereum, on the identical time, has additionally been working in the direction of fixing the scalability challenges related to its platform. It began testing sharding expertise in February.
Vitalik Buterin, Ethereum co-founder, in reality, teased in late April that the expertise may very well be carried out on Ethereum’s platform quickly.
The Ethereum basis had additionally announced a grant in January this 12 months for tasks tackling the scalability points with its community, later extending it to safety and usefulness as properly.
Zawistowski is actually a believer in Ethereum.
You possibly can view the complete AMA session with Zawistowski here.
Revealed Could 17, 2018 — 17:09 UTC