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.



Other News from Today