TechFlow News — According to Cointelegraph, Ethereum co-founder Vitalik Buterin has published a paper on blockchain scalability limitations, in which he criticized previous remarks made by Tesla CEO Elon Musk.
Vitalik Buterin's criticism primarily targets a tweet posted by Musk on May 15, in which Musk proposed increasing Dogecoin's block size by 900%, aiming to transform Dogecoin into a mainstream blockchain. Musk stated that ideally, if block size were expanded tenfold, Dogecoin’s transaction speed would improve and fees would drop by a factor of 100, allowing it to emerge victorious. However, Vitalik Buterin argues that drastically increasing blockchain scalability and throughput could lead to extreme centralization, undermining fundamental blockchain properties. He emphasized the necessity of decentralized governance—particularly eliminating single points of failure within the network—to achieve resilience against coordinated attacks. True decentralization, he asserts, cannot exist without granting ordinary users the ability to freely run nodes. Buterin hopes to make running nodes a common activity among regular users. He claims that sharding can enable many centralized blockchains to achieve scalability, and based on Ethereum's current state, predicts that a sharded Ethereum could handle one million transactions per second while maintaining full security.
