RATE Group | Buterin Explains That Ethereum Cannot Be Forced to Adopt the Codes He Writes |
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Buterin Explains That Ethereum Cannot Be Forced to Adopt the Codes He Writes |

24 Jul Buterin Explains That Ethereum Cannot Be Forced to Adopt the Codes He Writes |

Posted at 12:14h in Ethereum News by

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Vitalik Buterin explained that Ethereum does not necessary needs to adopt the codes he writes. He said this in a way to show the decentralized nature of the network he co-founded with Joseph Lubin and Charles Hoskinson.

Ethereum is not Centralized

There are several virtual currencies and networks in the cryptocurrency market. One of the most important is Ethereum, which is used by developers to create decentralized applications and write smart contracts. Ethereum 300x161 - Buterin Explains That Ethereum Cannot Be Forced to Adopt the Codes He Writes

An important misconception about some networks is that disclosing in a public way who are the creators of the network, it makes it vulnerable to single points of failure. For example, these individuals may be forced with violence to write a specific code and change the blockchain they created.

But this is not in this way. As the former Goldman Sachs CEO Lloyd Blankfein commented, cryptocurrencies such as Bitcoin, Ethereum and Litecoin are currencies based on a consensus. They work without depending on centralized third…

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