02:07
Vitalik: If BlackRock continues to scale, Ethereum will face a threat.
According to ChainCatcher news reported by DL News, Ethereum founder Vitalik Buterin warned at the Devconnect conference in Buenos Aires that if institutions like BlackRock continue to accumulate ETH, Ethereum will face two major survival threats.
Currently, nine companies on Wall Street hold over 18 billion USD ETH, and analysts predict that institutional holdings may exceed 10% of the total supply of Ethereum. Vitalik pointed out two major risks:
Threat 1: Expelling core developers, institutional dominance will alienate the builders who truly care about decentralization, and the core community may be lost.
Threat 2: Incorrect technology choices, institutional pressure may drive improper technology decisions, such as a 150 millisecond block time which benefits high-frequency trading but makes it impossible for ordinary users to run nodes, resulting in geographical centralization.
Vitalik emphasizes the solution party
ETH-1.14%

