Blockchain Flaws: Expert Calls Ethereum's Virtual Machine Fundamentally Broken
Understanding the Critique of Ethereum's Virtual Machine
In a recent statement, Evan Cheng, CEO of Mysten Labs, called out the Ethereum Virtual Machine (EVM) as fundamentally broken. Cheng, leveraging his extensive tech background, emphasized that the blockchain design does not meet the needs of today's crypto landscape. He observes that the reliance on staking pools challenges the decentralization narrative championed by Ethereum supporters.
The Blockchain Trilemma Misconception
Cheng argues that the concept of the Blockchain Trilemma lacks mathematical support and is based on flawed premises. He asserts that EVM advocates are misguided in their evaluations of decentralization, leading to a dead-end technology.
- “There is no path from that,” Cheng states in reference to the structural limitations of the EVM.
- He proposes that to rectify these issues, one must essentially rebuild from scratch.
Expert Consensus on EVM Limitations
Other industry leaders echo Cheng's sentiments. Kyle Samani from Multicoin Capital remarked, “No amount of marketing can fix a broken product.” This highlights the consensus surrounding the need to rethink Ethereum's protocols.
- Regarding alternative blockchain technologies, the SpaceVM was suggested as a superior option.
- WASM, being dubbed high-performance, is recommended as a future-facing solution.
As the ecosystem evolves, the call for more innovative solutions becomes ever clearer, prompting many to reconsider their reliance on the existing Ethereum framework.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.