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Vitalik Buterin Is Losing Influence Over Ethereum – Making Changes Is Becoming More Difficult

Vitalik Buterin, one of the most influential voices in cryptocurrency, and the co-founder of Ethereum, has claimed that his influence over Ethereum has been gradually declining, making it harder for him to make things happen.

Buterin’s Decreasing Influence Over Ethereum

Buterin, who had recently expressed concerns that the crypto industry has a “lot of dystopian potential if implemented wrong,” believes that his influence over Ethereum is not what it was six months ago.

Speaking at an interview with American tech entrepreneur and investor Naval Ravikant, Buterin remarked that he feels like his “influence in Ethereum keeps decreasing every six months.”

It’s Becoming Harder to Make Changes at Ethereum

Buterin explained that the process of making things happen in Ethereum is “definitely more vetocratic” than it was three years ago, making it harder to make changes to the Ethereum protocol. He noted that:

“Even now, I feel like the window is closing on substantial things. It’s getting harder to do big things even today.”

According to Buterin, some of the Ethereum Improvement Proposals (EIP) he has promoted don’t go very far, and he feels that he needs to work hard to satisfy everyone’s concerns.

He points to the EIP-4488 as the biggest initiative that he promoted which wasn’t adopted. Buterin had initially proposed the EIP-4488 changes as a way to decrease the cost of Ethereum rollups short term.

On the Flipside

Why You Should Care

As one of the market leaders in crypto, the success or failure of Ethereum has a tendency to affect the broader crypto market.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.