Vitalik Buterin: centralized exchanges will burn in hell

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4 months ago
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Vitalik Buterin during TechCrunch Sessions expressed his opinion about the trend toward crypto centralization saying that centralized exchanges should burn in hell. He also noted some problems of Ethereum development.

According to Buterin, the concentration of capacities in the mining pools controlled by the Chinese giant creates a threat of a “51% attack” on the bitcoin network. He is also concerned about the excessive concentration of farms in crypto production in one country. He mentioned a flood in Sichuan province, which erased local bitcoin-farms from the face of the earth.

Vitalik Buterin also noted that he wants to ensure that Ethereum is as decentralized as possible. However, ideas and proposals expressed by the community often go against his vision.

In addition, Buterin sayd that many projects with tokens based on Ethereum were “not very successful and not decentralized at all.” According to him, some of them had only a few knots that were controlled by one company.

Recently, Vitalik Buterin said that before the implementation of shading technology Ethe developers will implement Casper protocol.