Vitalik Buterin on Ethereum's Centralization in PoW Era

IconCrypto News Terminal26 Apr, 2024

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Vitalik Buterin on Ethereum's Centralization in PoW Era

Ethereum (ETH) founder Vitalik Buterin said via Twitter that "the PoW era was also quite centralized, it's just that since everyone knew PoW was a temporary stepping stone to PoS, it was not talked about that much." This was in response to a Twitter user who said that "I've seen a few takes in the ETH community that PoW should have been kept." Buterin added that "given that the ETH PoS transition was announced, there was not much incentive to build ASICs, so most ASIC manufacturers avoided it." Previously on 26 April 2024, "Ethereum (ETH) founder Vitalik Buterin said via Twitter that "the PoW era was also quite centralized, it's just that since everyone knew PoW was a temporary stepping stone to PoS, it was not talked about that much." This was in response to a Twitter user who said that "I've seen a few takes in the ETH community that PoW should have been kept." Buterin added that "given that the ETH PoS transition was announced, there was not much incentive to build ASICs, so most ASIC manufacturers avoided it.""

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