“Ethereum in danger”? Vitalik Buterin, made the cover of Time magazine

Vitalik on the front cover – While the network Ethereum (ETH) is in the forefront of the crypto scene as it approaches its dubbed update The Mergeits co-founder Vitalik Buterin made the cover of the magazine Time. The media also devotes a very long article to him where Vitalik expresses his concerns for the future of the ETH blockchain.

The genius of Vitalik Buterin consecrated by Time

Now 28 years old, Vitalik Buterin is certainly the best known of 8 co-founders of the network Ethereumlaunched in July 2015. Since then, the native token of this ecosystem, theetherwas able to rise to the second place of the most valuable crypto-assets, just behind Bitcoin (BTC).

This March 18, the magazine Time revealed on Twitter the cover of its next edition. It is neither more nor less than a photo of our dear Vitalik Buterin! This front page is accompanied by the following title:

“The prince of crypto has concerns. Ethereum creator Vitalik Buterin is fighting to fix the world he created. »

Twitter account @TIME

In a river article, which follows an interview with Vitalik Buterin granted to Time, the co-founder detailed his concerns both on the current issues of the Ethereum network, and on possible future risks.

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The creator’s concerns about his creature

While in 2018, Vitalik Buterin promised to withdraw of the development of Ethereum, so that the network becomes “more decentralized”the young man seems to have change of opinion. He obviously doesn’t like the natural turn this blockchain is taking, and wants to redirect it more to his idyllic sight personal:

“(…) the ultimate goal of crypto is not to play games with images of monkeys worth millions of dollars [ndlr : référence aux NFT BAYC], but to do things that have meaningful effects in the real world. (…) One of the decisions I made in 2022 is to try to take more risks and be less neutral. (…) I’d rather Ethereum offend some people than turn into something that doesn’t represent anything. »

If he denounces the phenomena speculative like NFTs, or even decentralized finance (DeFi), it’s because these exchanges help congest the ETH network. Making increase the cost of transactions (gas costs). And that makes Ethereum less useful and usable by everyone, he says. No more neutrality, Vitalik wants return to the controls. But does he still really have access to commands?

Even though Vitalik still has great influence and popularity within the ecosystem, he is another co-founder, Joseph Lubinwho runs the main Ethereum development company: ConsenSys, which just landed nearly half a billion dollars of financing. So let’s hope that the different visions of Ethereum are compatibleotherwise, in case of frontal opposition, the specter of a second forkafter the one with Ethreum Classic (ETC) in 2016 – could well make an appearance.

Everything is not over for Ethereum, however caution is still required. Start building yourself a strong portfolio of ETH and BTC by registering today on one of the flagship exchange platforms: FTX! (affiliate link, see condition on the official website).

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