> According to Buterin, a protocol, no matter how decentralized it is, fails three fundamental tests if it has hundreds of thousands of lines of code, numerous complex cryptographic dependencies, and a structure that only a narrow group of experts can understand.
> These are: it cannot be truly trustless, new development teams cannot maintain the system if the current teams disappear, and users cannot fully control the protocol as “their own system.” He also stated that this complexity increases security vulnerabilities due to the interactions between protocol components.
coinfeeds-bot on
tldr; Vitalik Buterin, Ethereum’s founder, argues that the platform has become overly complex, undermining its goals of trustlessness and self-sovereignty. He highlights that excessive code, cryptographic dependencies, and complexity weaken security and resilience. Buterin advocates for simplifying Ethereum by reducing code, avoiding unnecessary dependencies, and removing underutilized features. He suggests slowing the pace of changes and focusing on a sustainable, decentralized infrastructure for the long term.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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> According to Buterin, a protocol, no matter how decentralized it is, fails three fundamental tests if it has hundreds of thousands of lines of code, numerous complex cryptographic dependencies, and a structure that only a narrow group of experts can understand.
> These are: it cannot be truly trustless, new development teams cannot maintain the system if the current teams disappear, and users cannot fully control the protocol as “their own system.” He also stated that this complexity increases security vulnerabilities due to the interactions between protocol components.
tldr; Vitalik Buterin, Ethereum’s founder, argues that the platform has become overly complex, undermining its goals of trustlessness and self-sovereignty. He highlights that excessive code, cryptographic dependencies, and complexity weaken security and resilience. Buterin advocates for simplifying Ethereum by reducing code, avoiding unnecessary dependencies, and removing underutilized features. He suggests slowing the pace of changes and focusing on a sustainable, decentralized infrastructure for the long term.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This is why he’s a billionaire and you’re not.
Whose fault is that