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There is growing criticism that Ethereum, the largest in the blockchain world, has become centralized. Ethereum co-founder Vitalik Buterin responded to recent allegations of centralization of the ETH network.

Ethereum founder Vitalik Buterin has responded to recent claims by Ethereum team leader Pter Szilgyi regarding the alleged centralization of the Ethereum network karalabe.eth. In a post, Szilgyi claimed that PeerDAS is the direction Ethereum is headed with the next hard forks, aiming to increase blobs to a staggering 32MB, though not immediately. Szilgyi thinks Ethereum has lost the plot and claims that the research team fully embraced the idea of centralizing everything as long as it can be verified. To him, this is decentralized verification but a cute charade of centralized control.

Pter Szilgyis claims that the research team fully embraces the idea of centralizing everything as long as it can be verified caught the attention of Ethereum founder Vitalik Buterin, who stated that this is false. Buterin stressed that the Ethereum team is deeply engaged in discussions aimed at minimizing, not promoting, centralization.

Vitalik Buterin listed several key discussions and proposals aimed at minimizing centralization, including an in-depth analysis of the multi-proposer and determining whether the founder role can be eliminated. The Ethereum team also shared ideas for maximizing the power of opt-in lists (FOCIL) while making the choice of hard fork dependent on transaction participation. Other proposals include an analysis of Orbit single slot finality (SSF) and thoughts on accelerating the deployment of the Orbit mechanism, which has the potential to reduce minimum deposit sizes by around ten times before single slot finality occurs. Meanwhile, SSF is still in the research phase.

It takes about 15 minutes to finalize an Ethereum block. However, research is underway to improve the efficiency with which Ethereums consensus mechanism validates blocks and significantly reduce the finalization time. Instead of waiting 15 minutes, blocks can be proposed and finalized in the same slot. This concept is called single slot finality (SSF). Other proposals Buterin highlighted in his post include distributed block generation for PeerDAS, network analysis and bandwidth optimization of PeerDAS and fullDAS, ways to more partially automate recovery from 51% attacks and rely less on the social layer, and ensuring that inclusion lists are fully applied to blobs and transactions abstracted to the local account (e.g. EIP-7560).

Ethereum founder Vitalik Buterin highlights the potential of Zero Knowledge (ZK Proof) to improve social media platforms, especially on the privacy and scalability front. For perspective, ZK Proof is a cryptographic method that facilitates verification with limited data disclosure. As you have been following on Kriptokoin.com, this has been perceived as a game changer, especially in decentralized social protocols based on privacy and trust.

Speaking on the sidelines of ETHCC [7] Brussels, Buterin acknowledged that the potential of ZK Proofs is crucial to enable private content filtering. This technique empowers users to own their data and control third-party access. But the Ethereum co-founder also reiterated that beyond ZK Proof, social protocols need a unique front-end experience. Buterin mentioned Farcaster, which is similar to X, and Flink, which turns X into a Reddit-like platform. In this context, he noted:

I think the benefits of a more communal architecture and the decentralized social structure that makes that possible is something that I support.

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Vitalik Buterin Responds to Criticism About Ethereum! - Kriptokoin.com

Vitalik Buterin, one of the co-founders of Ethereum, is warning against voters supporting political candidates who claim to favor cryptocurrencies without understanding the technologys underlying goals.

In a July 17 blog post titled Against choosing your political allegiances based on who is pro-crypto, Buterin called on crypto users to look into candidates previously stated views on digital assets as an indication of where their positions might change in the future, assuming they hold them at all.

He pointed out that some people running for office without naming any specific country have been labeled as pro-crypto but have not necessarily made their positions clear on privacy in communications, digital identity, and access to information.

If you see a pro-crypto politician today, its worth it to explore their underlying values, and see which side they will prioritize if a conflict does arise, said Buterin.

The Ethereum co-founder pointed to Coinbases Stand With Crypto political initiative in the United States as an example. He suggested that the key bills the group used to measure whether a candidate was pro- or anti-crypto made [no attempt] whatsoever to judge politicians on freedoms related to cryptography and technology that go beyond cryptocurrency.

If a politician is in favor of your freedom to trade coins, but they have said nothing about the topics above, then the underlying thought process that causes them to support the freedom to trade coins is very different from mine (and possibly yours), said Buterin. This in turn implies a high risk that they will likely have different conclusions from you on issues that you will care about in the future.

Buterin warned that some governments with a propensity for authoritarianism took a rules for thee and not for me approach to crypto. He suggested that Russia supported the technology as a means to avoid economic sanctions but opposed it when it made surveillance of its citizens and enemies more difficult.

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Though the Ethereum co-founder did not explicitly mention the 2024 US Elections, the timing of his post came as lawmakers gathered at the Republican National Convention to nominate Donald Trump, the partys presidential candidate.

Trumpshifted his tone on Bitcoin (BTC) from a scam in 2021 to supporting BTC miners and accepting donations in crypto in 2024. Many political experts have speculated that heis using the technology to attract pro-crypto voters in what is sure to be a close election between the prospective Democratic candidate, US President Joe Biden.

[B]y publicly giving the impression that you support pro-crypto candidates just because they are 'pro-crypto, you are helping to create an incentive gradient where politicians come to understand that all they need to get your support is to support crypto,' said Buterin.

It doesnt matter if they also support banning encrypted messaging, if they are a power-seeking narcissist, or if they push for bills that make it even harder for your Chinese or Indian friend to attend the next crypto conference all that politicians have to do is make sure its easy for you to trade coins.

Buterin, born in Russia, has sometimes blogged about the state of crypto regulation in the world and political ideology concerning the technology. He has held citizenship in Montenegro since 2022 but reportedly still holds passports for Canada and Russia.

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Vitalik Buterin warns of politicians claiming to be pro-crypto - Cointelegraph

Ethereum co-founder Vitalik Buterin has voiced concerns about the dangers of voting for political candidates solely based on their pro-crypto stance.

In a recent blog post, Buterin said that the game of politics is far more intricate than simply determining the winner of an election. He pointed out that even authoritarian governments like Russia have shown a willingness to embrace cryptocurrencies.

Buterins warning comes at a time when former US President Donald Trump, who has positioned himself as a pro-crypto candidate, is rallying members of his party at the Republican National Convention in Milwaukee.

Moreover, venture capitalists and crypto advocates Marc Andreessen and Ben Horowitz recently announced their plans to make significant donations to political action committees supporting Trumps campaign.

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The influence of the crypto industry in politics has been increasing, as evident through the rise of super PACs. Fairshake, a super PAC supported by leading crypto companies, has become one of the top-spending PACs in the current election cycle.

Buterin highlighted the need to be cautious of a particular style of being crypto-friendly that is common among authoritarian governments. He drew attention to Russia as an example, given his Russian background and the fact that he built Ethereum at a young age.

He expressed concerns that politicians might manipulate the pro-crypto narrative to gain support without genuinely understanding the complexities and implications of the technology.

In particular, by publicly giving the impression that you support pro-crypto candidates just because they are pro-crypto, you are helping to create an incentive gradient where politicians come to understand that all they need to get your support is to support crypto, Buterin said.

Tesla CEO Elon Musk, venture capitalist Peter Thiel, and crypto leaders such as Tyler and Cameron Winklevoss have all expressed their support for the former president.

This comes as Trumps bullish comments on crypto, his acceptance of digital currency donations, and his commitment to defend the rights of self-custody have resonated with some in the crypto community.

Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain ecosystem, has publicly disagreed with Buterins advice, advocating for a single-issue voting strategy centered around supporting pro-crypto candidates.

Hoskinson believes that making crypto a decisive voting issue will deter politicians from taking actions that could harm the industry. He noted that the Biden administration has been perceived as less favorable towards cryptocurrencies.

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Under President Biden, the SEC has intensified its regulatory actions in the crypto sector, resulting in increased penalties and legal enforcement against crypto companies.

Politics is a game of cause and effect. If politicians understand that bullying and harassing our industry translates to lost elections, then suddenly, they avoid doing that. Its not complex nor should invent massive cognitive hierarchies to excuse ones personal distaste of particular people, he said.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Vitalik Buterin Argues Against Voting Solely Based On 'Pro-Crypto' Stance - - 99Bitcoins

Vitalik Buterin, co-founder of Ethereum, has issued a warning about the growing trend of crypto enthusiasts supporting politicians solely based on their pro-crypto stance.

In a recent blog post, Buterin urges the crypto community to look beyond superficial endorsements and critically assess candidates based on their understanding of the crypto industry.

In his July 17 article, Buterin stated, If you see a pro-crypto politician today, its worth exploring their underlying values and seeing which side they will prioritize if a conflict does arise. He emphasizes the importance of examining politicians track records on digital rights and technology issues.

Buterin advises that a candidates past statements on digital assets can provide insights into their potential future policy decisions.

He points out that many self-proclaimed pro-crypto politicians have not clearly articulated their positions on crucial matters such as communication privacy, digital identity, and information access. This lack of clarity, he suggests, could indicate a superficial understanding of cryptocurrencys underlying goals.

To illustrate his point, Buterin critiques Coinbases Stand With Crypto initiative in the United States. He argues that the criteria used by this group to assess candidates crypto-friendliness fail to consider technological freedoms beyond cryptocurrency trading.

Buterin also highlights the inconsistent approaches some governments take towards cryptocurrency. He cites Russia as an example, noting its support for crypto as a means to evade economic sanctions while opposing its use when it hinders state surveillance capabilities.

The timing of Buterins post coincides with increased political focus on cryptocurrency, particularly in the context of the upcoming 2024 U.S. elections. While not directly mentioning any candidates, Buterins message comes as some politicians, including Donald Trump, have shifted their stance on cryptocurrencies.

Also Read: Vitalik Buterin Donates 100 ETH to 2077 Collective

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Vitalik Buterin Warns Against Blindly Supporting "Pro-Crypto" Politicians - Crypto Times

The global blockchain industry is celebrating the 10-year anniversary of the Ethereum networks initial coin offering (ICO).

Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.

On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether (ETH) paid for in Bitcoin (BTC).

Ethereum has come a long way since its inception. Given the networks success, some members of the Web3 community are hosting celebrations in honor of Ethereum.

Cy Li, director of EDCON and De University of Ethereum a nonprofit organization dedicated to blockchain education told Cointelegraph that Ethereums first decade will be celebrated at EDCON 2024. Li mentioned that the event will take place from July 2430 in Tokyo, Japan.

Li said Ethereum co-founders Joe Lubin and Buterin, along with the original ICO participants and Ethereum Foundation core team members, will speak during the event.

Well bridge Ethereums revolutionary past with its ambitious future, exploring key themes like interoperability, open source development, and community building, Li said.

Li added that Tokyo is an ideal place to host an Ethereum event, noting that the region has become a rising blockchain hub. This appears to be the case, especially as Japans regulatory environment for crypto continues to evolve.

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In addition to the regions crypto-friendly regulations, the University of Tokyo announced two years ago that it would offer courses in the metaverse.

By celebrating in Tokyo, were aiming to position Ethereum at the forefront of a culture that embraces both heritage and cutting-edge technology, setting the stage for the next wave of blockchain adoption, Li said.

Ken Fromm, managing drector of BuildETH, told Cointelegraph that Ethereum companies based in San Francisco will host a birthday party to honor the Ethereum ICO.

BuildETH, CookBook, Dabl Club, SKALE Network, Quantstamp, DoraHacks and others will be celebrating this milestone in San Francisco on July 22, Fromm said.

According to Fromm, San Francisco is an appropriate location to celebrate the Ethereum ICO anniversary. Its an open and social city and a favorite of tech innovators and pirates, he remarked.

Indeed, San Francisco remains one of the original crypto hotspots. Even after a number of Web3 developers left the Bay Area following the COVID-19 pandemic, the region remains home to several blockchain companies.

Noelle Becker Moreno, chief marketing officer of blockchain development firm Edge & Node, told Cointelegraph that Edge & Nodes House of Web3 in San Francisco will also be hosting a happy hour in collaboration with The Graph and Crypto Mondays.

This event aims to bring together the vibrant Web3 community for an evening of celebration and reflection on the milestones achieved since the Ethereum ICO, she said.

Becker Moreno believes its important to celebrate the Ethereum ICO anniversary since the ETH public sale marks a pivotal moment for the Web3 community:

Were excited [...] to bring San Franciscos Web3 community together to toast to Ethereums success, along with all those dedicated to the innovations that will drive us forward.

While its notable that Ethereum has matured since the projects ICO 10 years ago, industry participants hope to see continued growth.

Fromm remarked that he wants to see improved account access and control for individuals and organizations using the network.

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I love the simple aspect of signing a transaction with a private key, but this simplicity carries with it vulnerabilities such that even the most experienced people are reluctant to use the same account across different apps and protocols, Fromm said.

Fromm further commented that better trust protocols around Ethereum are still needed. By this, I mean better ways to detect who to trust or what app or protocol to trust, he said.

In addition, Buterin recently stated that he believes artificial intelligence will be able to detect bugs within Ethereum-based code, remarking that this is currently one of Ethereums biggest technical risks.

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Crypto community marks 10-year Ethereum ICO anniversary with global events - Cointelegraph