The largest altcoin is Ethereum 
$2,959.50co-founder of Vitalik ButerinHe pointed out that decentralization is at a more fragile point than expected, saying that the altcoin network still cannot be described as completely “trustless” today. pulled. According to Buterin, the issue isn’t just about the distribution of validators or whether the code is open source, but how many people actually understand how the system works. Pointing out that at the point where only a limited group of experts can understand the network, trust shifts to people, not the code, Buterin argued that the fundamental promise of Ethereum is at risk.
Discussion of Increasing Technical Complexity in Ethereum
EthereumWhile it has transformed into a more advanced ecosystem with updates, Layer-2 solutions and abstract technical structures over the years, this progress has also brought with it a serious comprehensibility problem. It is stated that the current structure of the network has become difficult for the average developer or user to follow from start to finish. Buterin evaluates this picture as a silent erosion of decentralization.
The fact that technical details can only be controlled by a narrow circle creates a de facto concentration of trust in the ecosystem. Users are forced to form their conclusions about the correct functioning of the network based on the descriptions of certain names, not by looking at the code. This situation blockchain It creates a basis that contradicts the technology’s claim of verification without the need for authority.
Some projects operating on Ethereum also draw attention to a similar point. Privacy-focused Layer-2 network INTMAXargues that if a protocol becomes able to be explained or controlled by only a small number of people, it loses credibility in practice, even if it is technically decentralized. The view that complexity delegates trust to experts rather than eliminating it is increasingly expressed in the ecosystem.
Call for Simplicity from Buterin
Buterin emphasized that openness as well as innovation should be a priority for the future of Ethereum. He argued that a network with fewer features but more easily examined would create a stronger basis for trust in the long run. He stated that, if necessary, giving up some advanced technical facilities could enable a wider range of participants to independently verify the network.
Ethereum’s official road map also bears traces of this approach. Aiming to simplify user experience smart contract wallets, gas fees And key managementIt aims to make it more understandable. At the same time, work is planned on technical improvements and developer training that will make it easier to run nodes on ordinary devices.
On the other hand, internal blockchain data shows that long-term investor confidence remains strong. held on stock exchanges ETH Its share in total supply decreased to 8.7 percent, the lowest level since 2015. This chart indicates that confidence in Ethereum’s economic and strategic position is maintained while technical discussions continue. Despite this, Buterin insists that the “trustless” ideal cannot be achieved without solving the complexity problem.
