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Summary - buyethereumnow
Registered: November 23, 2023, 22:49
Posts: 0
Position: Newbie
Website: https://valuablecointoken.com/
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Anyone who follows the cryptocurrency industry knows who Vitalik Buterin is -- one of the founders of Ethereum. And he has tremendous influence over the direction of the protocol. But the entire point of cryptocurrencies and blockchain networks is to eliminate the need for central authorities by giving the power and decision-making control to the community. I think this could be a potential risk should Buterin implement choices that might not be in the best interest of all stakeholders. Its migration to a proof of stake PoS protocol in September 2022, known as The Merge, dropped the network’s energy composition by 99% from being roughly on par with the country of Chile. Since then, participants have enjoyed increased asset mobility through the practice of liquid staking, and greater on-chain functionality through the development of Layer 2 L2 technology. A veritable ecosystem in its own right, Ethereum’s evolution over the years has been driven by participants looking to take part in the growing crypto revolution.

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