Vitalik Buterin Disagrees With Nick White’s Idea on Blockchain Verifiability

Published 08/12/2024, 16:51
Updated 08/12/2024, 21:15
Vitalik Buterin Disagrees With Nick White’s Idea on Blockchain Verifiability
ETH/USD
-

Coin Edition -

  • Vitalik Buterin countered Nick White’s opinion on committees for blockchain verifiability.
  • Adopting committees is an aberration from blockchain decentralized principles.
  • Buterin’s view about Ethereum would change if the blockchain adopts committees.
Ethereum co-founder Vitalik Buterin has countered Nick White’s opinion on committees for blockchain verifiability. Buterin considers adopting committees an aberration and a move away from the decentralization principles of blockchain technology. Buterin stated he would stop considering Ethereum for what it is if the blockchain accepted committees and centralized intermediaries as the solution for everything. Buterin’s statement was in response to a post by Nick White, a partner of the Celestia blockchain, who believes the core of blockchain technology is verifiability, no matter how users achieve it. According to White, the goal is freedom from committees and intermediary institutions. Hence, it doesn’t matter how to achieve that. White said, “A decentralized committee is still a committee.”For clarity, White did not argue for an overwhelming implementation of committees across blockchain verifiability. He specified that consensus is the only area where the blockchain industry should adopt committees, stating that relying on state committees for state validity should be out of the equation.Buterin did not agree with the suggestion. He categorically stated that using committees to verify transactions means decentralization for a blockchain network. As the Ethereum co-founder and a prominent figure in the blockchain industry, he rejected the opinion and stated clearly what adopting committees would do to his perception of Ethereum.Decentralization is a core feature of blockchain technology that distributes decision-making power among participants. Such participants gain their democratic rights by running nodes on the blockchains, taking up the responsibility of making the blockchains more secure, transparent, and trustworthy.Ethereum remains the second-largest blockchain by market capitalization. Meanwhile, many Ethereum supporters consider it the most decentralized blockchain despite Bitcoin’s superiority in age and size. Nonetheless, the blockchain is highly rated for immutability and being permissionless, both attributes of a highly decentralized network. The post Vitalik Buterin Disagrees With Nick White’s Idea on Blockchain Verifiability appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.