Cryptocurrency News

Dfinity founder aims for Ethereum’s complex layer-two solution

Dominic Williams, the founder of Dfinity and its Internet computer, has criticized the scaling solutions offered by Polkadot and Ethereum for providing different user experiences.

The self-described “blockchain maximalist” criticized Ethereum’s growing ecosystem of second-layer scaling solutions, describing Ethereum as a ridiculously elaborate “to look like Rube Goldberg”. machine“Layer-to-Cloud Applications.”

Williams emphasized the points of friction caused by layer-two for Ethereum users and exposing them to counterparty security vulnerabilities, emphasizing that more than half of Ethereum’s nodes are hosted by Amazon Web Services:

“The proof-of-stake networks that people invest in today are really just layer-two applications of the cloud – we find this very disappointing. Blockchain should not run on Amazon Web Services, where they can steal validator keys and can do all kinds of bad things.”

Williams claims that when a user accesses the blockchain via the cloud, “they have to download MetaMask from Amazon or something that lets them track it.”

They tried to compare it with Dfinity’s Internet Identity Protocol, which it claims “cannot track you” unlike MetaMask and many other services downloaded from the App Store.

The founder of Dfinity emphasized the many friction-points and steep learning curve affecting user experience on Ethereum, saying: “If you want mass adoption of blockchain, you don’t need people to install MetaMask. And then have to buy some ether from Coinbase – that’s ridiculous. People need to interact with the blockchain without tokens – tokens come later. That’s a really big problem.”

“On a traditional blockchain, you’re circling to create these transactions through MetaMask or something like that – it’s just not a good user experience.”

Williams also targeted Polkadot’s upcoming Sharp parachain ecosystem, comparing its relay chain to a “centralized toll-fee hub” that mediates between different blockchains. He also criticized its approach to sharding as failing to ensure “mutability between smart contracts”.

“DeFi is so successful on Ethereum” […] Because these smart contracts exist in a seamless universe and they can all be interconnected – everyone can scale everyone’s system,” he said.

since its Discrete mainnet launch in December 2020Williams claims that Dfinity has been poorly understood by the broader crypto community and the topic of FUD at large on social media, adding that poor marketing from the project has done little to remedy the situation.

in spite of Alleged FUD-storm, Williams claims that “by December of this year Internet computers will have more users than all other blockchains combined.”