Vitalik's Buterin's Endgame: Ethereum 2.0 and Centralization Predicament - Aliens: AI Crypto News & Markets Updates

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Vitalik's Buterin's Endgame: Ethereum 2.0 and Centralization Predicament

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CryptoPotato

Tue, Dec 07, 2021

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Titled “Endgame,” the co-founder of Ethereum, Vitalik Buterin, has put forward a hypothetical idea of a “big blockchain” that is trustless and censorship-resistant but indefinitely accompanies some of the common trade-offs such as scalability and centralization when it comes to block production.

Even though a multi-rollup future for Ethereum would present decentralized validation, robust censorship resistance, and even distributed block production, there is one catch.

He added, “There are several benefits to being able to construct the next block on many domains at the same time: you can create blocks that use arbitrage opportunities that rely on making transactions in two rollups, or one rollup and the main chain, or even more complex combinations.” In a multi-domain world, Buterin claimed that there are “strong pressures toward the same people controlling block production on all domains.” While a situation such as this is hypothetical, it is not entirely impossible.

Regarding Ethereum, the co-founder believes that the “profound benefit” of the network’s rollup-centric roadmap implies that it is “open to all of the futures.” Furthermore, the blockchain does not need to “commit to an opinion.” On a note to ETH researchers, Buterin pointed that it is important to have a clear understanding of what levels of decentralization in block production are achievable.

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