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Reading: Vitalik Buterin Balances Decentralization and Collaboration in the Ethereum Ecosystem
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EdaFace Newsfeed > Latest News > Altcoin News > Vitalik Buterin Balances Decentralization and Collaboration in the Ethereum Ecosystem
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Vitalik Buterin Balances Decentralization and Collaboration in the Ethereum Ecosystem

vitalclick
Last updated: October 1, 2024 9:01 pm
5 months ago
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Ethereum co-founder Vitalik Buterin, Ethereum (ETH) $2,644 He explained that the ecosystem can develop by maintaining decentralization and collaboration. Buterin said the strength of the ecosystem is fueled by a large community of developers working on it.

Decentralization and CollaborationCommitment to Open Source and Standards

Decentralization and Collaboration

Buterin stated that there are difficulties in ensuring that projects in the ecosystem work harmoniously with each other.

“The key challenge is to make sure that all projects together are building something that feels like a single Ethereum ecosystem.”

Buterin argued that Ethereum alignment should encompass the areas of values/ideals, technology, and economics. Being open source, minimizing decentralization and supporting public goods as values ​​alignment; Working with ecosystem-wide standards as technological harmonization; He reminded that ETH should be used as a token as much as possible for economic harmony.

Commitment to Open Source and Standards

Buterin explained that there are two important reasons for being open source. “This makes code both inspectable to ensure security and enables permissionless third-party enhancements, reducing the risk of custom locking,” he said. He emphasized that core infrastructure components should definitely be open source.

“If you want to introduce a new feature, if it is not well covered by existing standards, write a new ERC in collaboration with others. Applications and wallets can be evaluated based on which ERCs they are compatible with.”

Stating that decentralization and robustness should be taken into consideration in education and security, Buterin stated that application ecosystem developers should avoid trust points and censorship weaknesses.

Buterin emphasized that ecosystem projects should make positive contributions to the Ethereum community and the world.

“Ethereum exists to make the world a freer and more open place, enabling new forms of ownership and collaboration.”

As a result, the Ethereum co-founder stated that projects should develop applications that deliver sustainable value and build technologies that can be used outside of crypto. Tangible benefits can be seen in areas such as participation in finance and security.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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