RATE Group | Buterin: Ethereum Can’t be Forced to Adopt Code I Write, Merit of Decentralization
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Buterin: Ethereum Can’t be Forced to Adopt Code I Write, Merit of Decentralization

21 Jul Buterin: Ethereum Can’t be Forced to Adopt Code I Write, Merit of Decentralization

Posted at 19:08h in Ethereum News by

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Buterin: Ethereum Can’t be Forced to Adopt Code I Write, Merit of Decentralization

At the TechCrunch: Sessions Blockchain 2018 hosted in Zug, Switzerland, Ethereum Creator Vitalik Buterin explained the decentralized nature of the Ethereum blockchain and the merit of eliminating single points of failure.

Decentralization in Ethereum

Unlike Bitcoin, the creators of Ethereum are outspoken, accessible and well known to the cryptocurrency and finance community; figures like Vitalik Buterin, Joseph Lubin, and Charles Hoskinson have become influential developers and entrepreneurs in the blockchain industry.

A common misconception about Ethereum is that the public disclosure of the identities of the creators of the blockchain network opens the Ethereum network vulnerable to single points of failure, and if these individuals are forced with violence to write code and alter the blockchain, the Ethereum network could fall in danger.

In short, this theory is simply nonsensical and illogical. As former Goldman Sachs CEO Lloyd Blankfein said, major digital assets such as bitcoin…

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