Ethereum Co-founder filling bags with Cardano, Polkadot, and one more altcoin

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  • Antho­ny Di Lorio says these plat­forms would still offer learn­ing expe­ri­ences should they fail.
  • Di Lorio said Ethereum still needs to con­sid­er how the PoS switch will serve the platform.

Ethereum co-founder, Antho­ny Di Lorio, says he is con­sid­er­ing invest­ing in Cos­mos (ATOM), Polka­dot (DOT), and Car­dano (ADA) in addi­tion to his cur­rent invest­ment in Bit­coin (BTC) and Ethereum (ETH). Di Lorio revealed this in an inter­view with Kit­co news on Wednes­day, Sep­tem­ber 28. He said he is invest­ing in these three smart con­tract alt­coins because of the peo­ple involved in the projects.

“I’m always excit­ed about Polka­dot and Cos­mos, while Car­dano is a project that excites me a lot too.” Di Lorio point­ed out that he keeps buy­ing “just to see” even though he has seen their poten­tial lim­i­ta­tions or prob­lems. He also said he finds it chal­leng­ing to spend the need­ed time to iden­ti­fy the pos­si­ble fatal flaws in these projects since he isn’t among the inner cir­cle work­ing on any of them.

How­ev­er, projects like Polka­dot inter­est him because of Gavin Wood, while fel­low Ethereum co-founder, Charles Hoskin­son, is the rea­son he is inter­est­ed in Car­dano. The Ethereum co-founder said he knows the peo­ple behind these projects even if he doesn’t ful­ly under­stand their plans for these projects.

How­ev­er, he is sure that they are find­ing solu­tions to real-world issues. When Kit­co news asked Di Lorio what would hap­pen if these plat­forms failed, he respond­ed that he would only gain valu­able insights from the expe­ri­ences. “Whether these tech­nolo­gies suc­ceed or fail, they offer incred­i­ble learn­ing insights. If they fail, the best thing for me is to ask myself what lessons I have learned from these failed projects.” How­ev­er, he not­ed that even in fail­ure, these projects were bold moves to solve real-life issues.

Concerns about Ethereum’s PoS switch

After com­plet­ing the merge last month, Di Lorio says the Ethereum team would still need to con­sid­er how a tran­si­tion to a proof-of-stake (PoS) mech­a­nism will affect the net­work. He added that he is most wor­ried about the cen­tral­iza­tion risks asso­ci­at­ed with the PoS mech­a­nism. “I am not sure, but sources say it is only two address­es val­i­dat­ing near­ly 50 per­cent of all trans­ac­tions hap­pen­ing on the network.”

Di Lorio fur­ther said he is con­cerned with enti­ties like exchanges strug­gling with loads of val­i­da­tion. Accord­ing to him, the PoS sys­tem isn’t per­fect, and there might be issues along the line which Ethereum nev­er con­sid­ered, and such cas­es might result in more enor­mous risks. How­ev­er, he fur­ther said time would tell whether Ethereum’s PoS switch was the right decision.

That’s when we can con­clude that the PoS mech­a­nism is bet­ter than proof-of-work or the reverse is the case. While Ethereum’s switch to a PoS mech­a­nism was one of the his­toric moments in its his­to­ry, there have been con­cerns about whether there would be greater cen­sor­ship on the net­work. Labrys CEO Lach­lan Feeney recent­ly revealed that val­ida­tors might add to Ethereum’s cen­sor­ship because they run flash­bots’ software.



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