Vitalik Buterin Addresses Ethereum’s Challenges and Strengths
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Vitalik Buterin, co-founder of Ethereum, recently voiced concerns about the lopsided investment trends in blockchain.
At the Ethereum Community Conference in Brussels, he critiqued the disproportionate funding flowing into flashy blockchain sectors, likening it to a “casino,” while foundational infrastructure languishes.
He underscored Ethereum’s robust staking ecosystem and praised its diverse global community for its intellectual vigor. Despite these strengths, Vitalik highlighted challenges like the steep entry barrier of 32 ETH for solo staking and the technical complexities of node operation.
Regarding security, Vitalik outlined community-driven strategies to mitigate potential threats, including responses to hypothetical 51% attacks.
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He proposed increasing the quorum threshold to 80% as a safeguard against chain finalization attacks, aiming to enhance network resilience.
In closing, Vitalik urged for a balanced approach, emphasizing the need to fortify Ethereum’s core capabilities while addressing operational inefficiencies. He stressed the community’s role in maintaining Ethereum’s integrity and fostering sustainable growth in the blockchain ecosystem.