Vitalik Buterin Shares Opinions on Ethereum UI: ‘More Still Needs to Be Done’

ETH CRYPTO_NEWS

Ethereum co-founder Vitalik Buterin has shared some of his personal user experiences with the network and crypto payments. On Feb. 28, Vitalik Buterin published a blog post on his experiences using Ethereum for payments. The network has come a long way since its inception, “but more still needs to be done,” he concluded. Buterin used an example of paying for tea using ETH at a coffee shop in Argentina in 2021. He said the first transaction was rejected due to being below exchange limits. The second one went through, but he ended up paying three times more than the price of the beverage. 

 

The mathematician tried again the following year, but the transaction failed again due to gas limits being too low. Additionally, the second transaction also failed due to a user interface (UI) glitch in his phone wallet. Buterin said the lesson learned was: “Simple-and-robust UIs are better than fancy-and-sleek ones. But also, most users don’t even know what gas limits are, so we really just need to have better defaults.” Ethereum Payments Lessons Learned There are also issues with confirmation times and delays between transactions being accepted and acknowledged by the recipient. This leaves both parties in temporary limbo and is far from ideal for micropayments. Buterin noted that this has been improved by EIP-1559 and, more recently, the Merge.

 

 Either way, Ethereum has been more reliable than rival Solana which suffered yet another outage on Feb. 25. However, there are still problems when the network is under load since wallet UIs “suck at showing this,” he said. The lesson was that “UX around transaction inclusion needs to be improved, though there are fairly simple fixes.” He added that wallet developers should start thinking much more explicitly about privacy. Buterin concluded that the “all-important issue of high transaction fees due to scaling” has yet to be fully solved. As a result, Ethereum users often opt for centralized solutions such as exchanges. “User experience has made great strides over the years – in particular, going from an average transaction taking minutes to get included before EIP-1559 to an average transaction taking seconds to get included after EIP-1559 and the Merge, has been a night-and-day change to how pleasant it is to use Ethereum.” New Testnet and Approaching Shanghai In a related development, Ethereum core developers want to build a new testnet called Holesky. The aim is to solve the issue of testnet token distribution for developers currently using the Goerli testnet. All eyes are on the Shanghai upgrade now, which is expected in about a month’s time. It will enable the phased release of Ethereum staked on the Beacon Chain. The post Vitalik Buterin Shares Opinions on Ethereum UI: ‘More Still Needs to Be Done’ appeared first on BeInCrypto. 

 

Source : [Vitalik Buterin Shares Opinions on Ethereum UI: ‘More Still Needs to Be Done’](beincrypto.com/vitalik-buterin-opinions-ethereum-ui-more-needs-done/) by Martin Young - BeInCrypto by Martin Young / February 28, 2023

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

Automata ICO Limited, a Company incorporated in Ireland with its registered office at 3rd Floor Ormond Building, 31-36 Ormond Quay Upper, Dublin 7, D07 Ee37, Ireland registered in Ireland under number 690280 has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing, we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS.

Automata ICO Limited, a Permanent Establishment incorporated in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.