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Vitalik Buterin Names One Thing He Loves About Ethereum – Crypto News

Published

1 year ago

May 18, 2024

Dripp

Crypto industry innovator Vitalik Buterin recently took to the X app on Saturday to highlight one of the things he appreciates about the Ethereum ecosystem.

Ethereum Promotes Open Discourse

The Ethereum co-founder likes the fact that the Ethereum ecosystem does not have a culture that impedes free speech. Buterin claimed that Ethereum does not stop its community members or any members of the public from speaking their minds on any matter.

“……..even when they have very negative feelings toward major things in the protocol or ecosystem,” Ethereum co-founder added.

While the concept of “open discourse” may not mean much to some sects, Buterin highlighted that others take it seriously. Noteworthy, Vitalik’s statement does not appear to be a direct jab at any protocol but it suggests that he might have discovered a trend amongst digital assets ecosystems.

Probably a case of some self-acclaimed top developers downplaying the opinion of their community members or that of “smaller” developers. The statement from Vitalik Buterin mirrors his stance on the matter of free speech and Ethereum’s part in achieving it.

The Ethereum co-founder never fails to laud the capabilities of the ecosystem or its superseding performance over its counterparts. Only a few days ago, he unveiled a groundbreaking proposal aimed at addressing the pressing challenges faced by the Ethereum network.

In one of his articles, Buterin advocated for the adoption of ‘Multidimensional Gas Pricing,’ a concept designed to revolutionize the management of network resources. He believes that Ethereum can enhance efficiency and scalability by pricing different resources separately.

He sees the capacity for this addition to pave the way for a more robust and sustainable network infrastructure. This was after Buterin requested that quantum resistance, a new proposal that will bring longer-term sustainability to the protocol’s smart contract push, be added to Ethereum.

Crypto Community Expects Spot ETH ETF Decision

Despite these multiple developments and advancement, Ethereum is still facing regulatory challenges with the United States Securities and Exchange Commission (SEC). The Chairman of the Commission Gary Gensler has remain fixated on categorizing the second largest cryptocurrency by market cap as security.

This classification seem to have negatively impacted on the possibility of receiving approval for the spot Ethereum ETF applications made by top investment asset management firms like BlackRock and Fidelity.

With a mix of optimism and pessimism, the broad crypto community have their fingers crossed waiting patiently for May 23rd, the decision date for VanEck as scheduled by the SEC.

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