Vitalik says Ethereum must prioritize verifiability and democracy

Source Cryptopolitan

Ethereum co-founder Vitalik Buterin says the second-largest blockchain must stay decentralized. He rejects using committees or middlemen to verify transactions that would go against what Ethereum was built for.

Buterin made the statement in response to Nick White, a Celestia blockchain partner, regarding blockchain verification. In a recent discussion, he clarified that if Ethereum started using committees and centralized intermediaries, he would no longer consider it Ethereum.

He responded to the post by saying “I don’t think this is a fringe take at all.”

Rejecting committees in Blockchain verification

Buterin stressed that blockchain must remain decentralized and avoid relying on committees or middlemen for transaction verification. He precisely stated, “If Ethereum gave up on verifiability and accepted committees and centralized intermediaries, it would no longer be Ethereum.” According to Buterin, decentralization is essential to blockchain’s success, and it sets Ethereum apart.

Nick White argued that the primary goal of blockchain is verifiability, irrespective of the method. He suggested decentralized committees could work, but Buterin disagreed with the statement, saying even decentralized committees would undermine true decentralization and lead to centralization.

Buterin added that blockchain networks should be open for anyone to participate by running nodes and securing the system. This approach ensures power remains distributed and not concentrated among a few.

Ethereum, the second-largest blockchain, is valued for its strong decentralization, openness, and security, allowing anyone to participate in its growth. Buterin’s argument about decentralization shows why Ethereum is so valued in the blockchain space.

He further argued that decentralization is key to Ethereum’s success, opposing Nick White’s idea of using committees for verification. According to Buterin, committees, even decentralized ones could weaken blockchain’s core principles of accountability and independence.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Crypto Market Outlook: Bitcoin, Ethereum, and XRP Tumble as BoJ Hawkishness Sparks Risk-Off RoutBitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
Author  Mitrade
Dec 01, Mon
Bitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
placeholder
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Author  Mitrade
Dec 03, Wed
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
placeholder
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE dataThe AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
Author  FXStreet
Yesterday 01: 36
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
placeholder
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation releaseGold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
Author  FXStreet
Yesterday 03: 10
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
placeholder
Bitcoin Pauses for Breath Above $92,000 as Bulls Weigh Next Run at $95,000Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
Author  Mitrade
Yesterday 03: 12
Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
goTop
quote