In an unexpected turn of events, Vitalik Buterin has suggested the use of the Bitcoin Cash (BCH) blockchain as a data layer where transaction verification takes place. In essence, all ETH transactions would be settled and verified on the BCH blockchain, and confirmation will be sent back to Ethereum. This according to a post from Buterin on Ethereum Research, July 13, 2019.
The Suggestions and Public Reaction
Crypto Twitter exploded when Vitalik suggested the use of the BCH chain as a data layer for Ethereum. Most of the reactions were negative, and many thought he was just fooling around.
Buterin suggested this as a short term fix for Ethereum scalability until ETH 2.0 is implemented. He believes that BCH could increase current throughput four-fold due to their scaling solution via big blocks. Ethereum already has the required mechanisms to verify BCH blocks on-chain, which further strengthens his argument.
He further notes that this isn’t perfect because BCH’s block time is 10 minutes, but with zero confirmation live and Avalanche pre-consensus on the horizon, it is arguably the perfect chain to act as a data layer without adding significantly to the cost of transacting.
It’s only the beginning, as the crypto community matures the focus will switch from tribalism to cooperation.
At the end of the day we all have similar goals and aspirations in this space. pic.twitter.com/bL9EsMvMSt
— Ivan on Tech (@IvanOnTech) July 14, 2019
Bitcoin Cash has been in the bad books for most of the crypto community. Despite the crypto being easy to use, cheap, and fast,