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Ethereum’s Buterin pushes back on Solana hype, warns against ‘greed-is-good’ mentality

Author: Content Editor
Vitalik Buterin, the co-founder of Ethereum, has cautioned against pursuing profit-driven models like the one seen in Solana, a competing blockchain platform. Buterin emphasizes the importance of maintaining Ethereum's decentralized and socially grounded network, which he believes contrasts with a "Wall Street greed-is-good mentality." He highlights Ethereum's mission to build a global, censorship-resistant blockchain and argues that the network's scaling strategy, focusing on layer-2 solutions, is crucial to preserving its decentralized foundation. Instead of shifting towards high-gas-limit layer-1 scaling, Buterin encourages the community to prioritize accelerating layer-2 improvements. This warning follows criticism of the Ethereum Foundation for frequently selling off ETH, which has sparked concerns about the alignment with Ethereum's original vision.

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