We asked @_JonahB_ of @blockchaincap what he meant by saying the bottleneck in blockchain is not execution.
"It's obvious with modern research that the bottleneck is not execution."
"The hard problem is consensus."
"Making sure all nodes agree on blockchain state."
"Ethereum needs to go back to the drawing board like @solana did."
The bottleneck in blockchains has never been execution; it’s been consensus. The whole “let’s make the EVM faster” narrative, imo, leveraged speed to attract marginal buyers but solved the wrong problem. The EVM, SVM, and most VMs run far faster than chains can reach finality. You can make a car body super aerodynamic and spend millions reducing air resistance, but if the engine is weak, the car won’t go fast. The fact that Solana is aggressively shipping changes to the consensus layer is very bullish, imo. Ethereum should follow suit. Right now, Ethereum’s consensus mechanism is highly antiquated, and there are substantial performance boosts waiting to be unlocked.
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