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This article was published on May 17, 2018

Golem CEO: Ethereum is by far the most promising blockchain platform

Zawistowski believes Golem could only be possible thanks to Ethereum

Golem CEO: Ethereum is by far the most promising blockchain platform
Neer Varshney
Story by

Neer Varshney

Former TNW writer

Golem CEO Julian Zawistowski recently joined us for TNW Answers session where he was more than happy to share his views on the company’s choice of blockchain platform.

“Ethereum is by far the most promising platform and we cannot see another one that’s remotely close to it,” Golem said to a question about Ethereum’s scalability issues and whether Golem would consider migrating from it. “Of course we would like to interact with the blockchain more and once Ethereum scales we will be able to do it in a wider manner.”

When another participant asked about why he chose to build Golem on top of Ethereum, he said:

We have been supporting and building on top of Ethereum since its very early days. In fact, we realized that Golem would be possible to be built and work on Ethereum and thanks to Ethereum.

Zawistowski also suggested that he doesn’t like the way ICOs have evolved and are being executed even though Golem itself raised money through one. “The entire ICO mania does not help the [cryptocurrency] space”, he said in one of the answers.

Ethereum, although lending support to the maximum number of altcoins built on top of its blockchain, continues to suffer from scalability issues, meaning the platform cannot sustain a large number of users on its platform. When Cryptokitties was going viral, the network congestion caused a sixfold increase in the number of pending transactions.

Ethereum, at the same time, has also been working towards solving the scalability challenges associated with its platform. It began testing sharding technology in February.

Vitalik Buterin, Ethereum co-founder, in fact, teased in late April that the technology could be implemented on Ethereum’s platform soon.

The Ethereum foundation had also announced a grant in January this year for projects tackling the scalability issues with its network, later extending it to security and usefulness as well.

Zawistowski is certainly a believer in Ethereum.

The Golem Project went live on Ethereum’s mainnet last month and is often touted as one of the most ambitious projects ever built on top of its blockchain.

You can view the entire AMA session with Zawistowski here.

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