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Vitalik Buterin defends Ethereum Name Service, describing it as a valuable resource.
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Brantly warns Buterin of backlash, resulting in playful exchanges and discussions on PoW vs. PoS.
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The exchange included comments on decentralization as well as online criticism within crypto community.
Brantly Miller, a supporter of the Ethereum Name Service and Vitalik Buterin, co-founder of Ethereum, engaged in a X conversation on the Ethereum network and its decentralization. The conversation quickly escalated to a larger discussion about Ethereum’s future.
ENS, a decentralized naming scheme on the Ethereum blockchain simplifies transactions by providing readable addresses for crypto currencies. Users can register easy to remember names, such “vitalik.eth,” instead of sending tokens into complex, long addresses. This will make cryptocurrency transfers easier.
ENS: More than Just ‘Good’
Millegan began the conversation by expressing an “unpopular opinion,” that ENS was “good.” Buterin responded, stating there is “nothing controversial” about this view. He also stressed that ENS was “great” and had the potential to be even better.
Millegan warned Buterin in a playful manner that he could be “canceled” if he continued to hold positive views about ENS. This was due to the skepticism of some critics. Buterin, who is known for his lighthearted attitude, responded by saying that he was already used to being “canceled” from various groups. This includes those who disagreed with his stances on proof-of stake (PoS), proof-of work (PoW), and other controversial topics. Buterin jokingly listed other groups who have criticised him, saying:
“You can imagine what will happen when all of them try to cancel me simultaneously. You see, those who insist that only PoW is truly a decentralized system, those who disagree with my position on synthetic wombs and the anti-vaxxers.
MeanHash, a second X user, responded with a GIF expressing his disagreement to Buterin’s Tweet. Buterin was not deterred and responded with a humorous image of a cartoon duck holding a sign reading, “PoS [public key] is more decentralized than PoW.”
Buterin’s lighthearted remarks reflected the varied and sometimes contentious discussions within the crypto community.
PayPal and Venmo Embrace ENS
According to a Tuesday announcement by ENS Labs, PayPal and Venmo, in a related development have integrated the Ethereum name service (ENS) into both their platforms.
PayPal and Venmo customers can now enter a recipient’s ENS directly into the search field to send crypto. The platforms can then automatically identify the wallet addresses associated with the recipient.
This feature is initially available only to U.S. Users. It aims to reduce crypto transaction errors and simplify wallet management. Previously, users were required to manually type, copy, or scan QR code of external wallets in order to make transactions on these platforms.
