Uphold’s Head of Research, Dr. Martin Hiesboeck, has criticized Bitcoin maximalism and advocated for a more open-minded approach to blockchain innovation, highlighting the potential of emerging technologies like Convex.
In a recent X post, Hiesboeck highlighted Bitcoin’s limitations, describing it as an outdated and potentially flawed technology. He noted that while the blockDAG model addresses blockchain trilemma issues, it still relies on a sequential order of blocks and transactions.
Here is an explanation of why I think being a maximalist for anything including $KAS is dangerous.
We now recognize #Bitcoin is a very limited, and perhaps flawed and ultimately doomed old technology. We hail the #blockDAG as the holy grail that solves the blockchain trilemma.…
— Dr Martin Hiesboeck (@MHiesboeck) June 27, 2024
In light of this, Hiesboeck introduced Convex, an emerging technology that employs a lattice system for security, scalability, and decentralization. He stated:
“What if I told you there is a technology that doesn’t care when and where a block is created and can always process it no matter how it enters, not the blockchain but the Lattice.”
Convex’s two-layer system includes a global state lattice for consensus and a scalable storage layer using content-addressable storage and Merkle DAGs. This setup allows for unlimited off-chain storage, potentially advancing technologies like Kaspa.
Hiesboeck acknowledged that Convex is still in development and its efficacy has yet to be proven in real-world applications, much like Bitcoin and Kaspa during their early stages. He added that artificial intelligence holds the potential to create more innovative solutions in the future, asserting that the ongoing blockchain evolution could discourage maximalism.
Hiesboeck further questioned whether Convex might ultimately surpass Kaspa in functionality, envisioning a future where smart contracts on KAS fail to deliver while lattice computing chains dominate the blockchain landscape. He also pondered the potential for artificial intelligence to disrupt the industry with even more groundbreaking solutions.
Ultimately, Hiesboeck’s message resonated with a call for the crypto community to move beyond token price fixation and embrace a broader, collaborative vision for the future of blockchain technology. He championed a multichain approach, emphasizing the importance of technological diversity and cooperation in driving innovation and ensuring the long-term growth of the entire ecosystem.
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