Saturday, April 20, 2024
HomeBlockchainShytoshi Kusama Compares Shiba Inu (SHIB) Woofpaper to Vitalik Buterin Solutions for...

Shytoshi Kusama Compares Shiba Inu (SHIB) Woofpaper to Vitalik Buterin Solutions for Ethereum

Shytoshi Kusama, a Shiba Inu lead Developer, recently took to his verified Twitter account to make a joke about the Woofpaper v2, comparing and contrasting its details with Buterin’s article, an article released initially by the Ethereum (ETH) founder, Vitalik Buterin.

Notably, Buterin’s article contained three proposed solutions to some of Ethereum’s blockchain problems.

Whale Alert

Read Also: A Realistic Look at the Possibility for Shibarium to Send Shiba Inu (SHIB) Price to $0.001

Did you leak the Woofpaper 2 draft to VB, bro,” Kusama teased Kaal Dhairya in the caption he used in sharing an article highlighting the solutions newly presented by Buterin.

As expected, Kusama’s tweet generated reactions and speculations from Shiba Inu enthusiasts. The reason for this speculation is that the Woofpaper v2 is already live for public view. Some strong SHIB advocates opined that Shytoshi Kusama could be referring to drafts of the Woofpaper v3.

Solutions To Ethereum Challenges – A Brief Insight Into Buterin’s Article 

The article released by Vitalik Buterin pinpointed three things Ethereum needs to survive. Per the paper report, Ethereum must ensure the availability of these features; transition to roll-ups (layer-2), Smart contract wallets, and privacy-oriented measures to ensure it maintains its position at the top of blockchain technology.

The article highlighted how the transition to roll-ups would be significant in Ethereum’s growth, noting that it will provide substantial scaling support to empower Ethereum.

Also, Smart contract wallets got emphasized in the article. Smart contract wallets are viable options for resolving security problems. Per the report paper, deploying privacy-oriented standards could help solve investors’ privacy concerns.

Read Also: Shiba Inu Team Member Releases Latest Update Regarding Shibarium Launch: Details

How Far Has Shiba Inu Gone In Addressing These Issues

Kusama’s reaction to Buterin’s article indicates that Shiba Inu already made provisions to solve these problems. The most notable anticipated solution is the Shibarium, the upcoming layer-2 network for Shiba Inu.

Scalability experienced in Ethereum appears solved due to Shibarium’s unique nature. The Layer-2 network could double as a second layer for layer-1 blockchains like Ethereum, taking some workloads off the layer-1 blockchain.

<

In addition, Shibarium promises users top-notch security features by integrating proof-of-stake (PoS) validators and the Plasma framework. In users’ privacy aspect challenges, the incorporation of Bermuda, a privacy-oriented blockchain solution, would likely solve this problem.

The solutions highlighted above are the possible ways Shibarium could address the challenges highlighted in Buterin’s article; it is yet to be confirmed if Kusama hinted at more efficient measures detailed in drafts of a yet-to-be-released Woofpaper version.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles