Why did Vitalik created Ethereum and not upgrade Bitcoin blockchain?

#1

Post by nivesh2 » Mon, Dec 25, 2017, 6:51 PM UTC

Re: Why did Vitalik created Ethereum and not upgrade Bitcoin blockchain?

#2

Post by drdeca » Mon, Dec 25, 2017, 9:02 PM UTC

You can't unilaterally upgrade bitcoin?

what purpose would there be in making it a fork of bitcoin?

Ethereum uses an addresses system, which is kinda needed for the smart contract system, while bitcoin uses an unspent outputs system.

Also, the proof of work system is rather different, and the block times are shorter.

To make it a fork of bitcoin instead of having its own genesis block and all, would require a bunch of extra work without providing much benefit.

Why would it be a change to bitcoin?

#3

Post by sschueller » Tue, Dec 26, 2017, 1:08 PM UTC

With all the infighting over block size I doubt such a huge change would have ever made it.

The only and right option was to create ethereum.

#4

Post by naveen99 » Tue, Dec 26, 2017, 7:44 PM UTC

Bytether is doing what you want https://www.bytether.com/