Ethereum News Today: Ethereum’s Unyielding Approach: Shutting the Door on Centralization
- Ethereum co-founders release "Trustless Manifesto" on blockchain to reinforce decentralization amid ecosystem centralization risks. - Document encoded in ownerless smart contract emphasizes self-custody, public verifiability, and rejecting convenience-driven centralization. - Warns against AWS outages and hosted RPCs creating single points of failure, citing 25% throughput loss on Coinbase's Base chain. - Critiques Paradigm's growing influence and institutional staking risks, proposing DVT to mitigate ce
Ethereum co-founder Vitalik Buterin and the
This manifesto comes at a time when Ethereum is under increasing scrutiny for allegedly moving toward centralization. Former core developer Péter Szilágyi recently claimed that a small group of insiders essentially steer Ethereum’s direction by controlling attention, funding, and protocol choices, forming a “ruling elite” that threatens decentralization
The manifesto details six essential criteria for decentralized networks: self-sovereignty, public verifiability, resistance to censorship, the ability to replace operators, accessibility, and transparent incentive structures. It also sets out three “laws” to guard against centralization: no single party should hold critical secrets, no irreplaceable intermediaries, and all outcomes must be verifiable.
Paradigm, a venture capital firm managing $12.7 billion in assets, has also faced questions about its growing sway over Ethereum. The company funds major open-source projects like Reth, employs leading researchers, and has launched Tempo, a layer-1 blockchain with backing from traditional finance institutions. Ethereum core developer “Fede’s intern” has cautioned that Paradigm’s expanding role could pose a “significant tail risk” to the ecosystem, as business interests might shift priorities away from community-led decentralization
The release of the manifesto comes amid ongoing discussions about Ethereum’s governance and the influence of institutions in staking. With staking-based ETFs expected to draw more institutional players, there are worries that large ETH holdings could threaten the network’s security.
For Buterin and the Ethereum Foundation, the Trustless Manifesto is a renewed philosophical pledge to the blockchain’s founding ideals: enabling collaboration without intermediaries. “Trustlessness isn’t an add-on; it’s the core principle,” the document asserts,
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