Vitalik Buterin on Institutions and Ethereum Decentralization:🔥🔥🚀🚀
According to Ethereum Co-Founder Vitalik Buterin, it is expected that institutions will actually fuel decentralization on Ethereum, and not work against it, because these same institutions will try to control these areas.
Key Points- Institutional Demand for Self-Custody: Self-custody coupled with independent staking can help improve Ethereum decentralization levels.
- Reduction of External Dependence: The institution would reduce its dependency on external trust and would resist any attempted external intrusion to control its internal activities.
- Decentralization and Regulation: According to a prediction by Buterin, it is expected that, alongside privacy technologies, zero-knowledge proofs will penetrate a regulated world, where governance decentralization is being Implications- Stablecoin Governance: EU asset issuers require blockchains with minimal US influence in governance, while US asset issuers require independence from EU control. - Know Your Customer (KYC) Requirements: The government will continue to demand better KYC regulations, and while there will be non-KYC'd assets, the capacity to use these with increasing privacy will also expand.
Buterin's View Buterin says that it is vital that the Ethereum community stress insist on and create a tool enabling ordinary people to gain decentralization and user sovereignty. He says, be open to win-win cooperation, and a bit aggressively defend individual interests.
