Based on BlockTempo, Ethereum co-founder Vitalik Buterin has expressed concerns that Wall Street institutions, holding over 10% of ETH, are becoming influential in shaping the network's future. He described Wall Street as 'users' and blockchain users as 'professional users,' emphasizing the need to maintain Ethereum's decentralized nature amid capital pressures. Institutions like BlackRock and BitMine collectively hold over $18 billion in ETH, prompting discussions about developers leaving the ecosystem. Buterin warned that institutional demands, such as faster block times, could exclude regular users and undermine Ethereum's core principles of accessibility and decentralization.
Vitalik Buterin Warns Wall Street Poses Major Threat to Ethereum's Decentralization
BlockTempoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.