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The Protocol: Ethereum’s Vitalik Buterin Says the Ecosystem Is At Risk If Decentralization Is Just a Catchphrase

2025-07-04 05:49:51

Main Idea

Vitalik Buterin warns that Ethereum's ecosystem is at risk if decentralization remains just a catchphrase, while new developments like Bitcoin's Botanix Layer-2 and XRPL's EVM sidechain aim to enhance blockchain utility and interoperability.

Key Points

1. Vitalik Buterin emphasizes the need for decentralization to evolve beyond a slogan, warning that many projects rely on hidden centralization points, making them vulnerable.

2. Botanix, a Bitcoin Layer-2 network, launches with 5-second block times and EVM compatibility, aiming to bring Ethereum-like functionality to Bitcoin.

3. XRPL's EVM sidechain goes live, enabling Ethereum dapps to interact with the XRP ecosystem while maintaining XRPL's native advantages.

4. Securitize and RedStone release a whitepaper for a 'Trusted Single Source Oracle' to securely provide NAV data for tokenized private funds on-chain.

5. The article highlights upcoming blockchain events, including EthCC, Web3 Summit, and Korea Blockchain Week.

Description

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Vitalik Buterin: Ethereum at Risk If Decentralization Is Just a Catchphrase Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds XRPL EVM Sidechain Goes Live, Unlocking Ethereum Dapps in XRP Ecosystem Securitize, RedStone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund NAVs Unk...

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Tags:
Tech Vitalik Buterin Blockchain The Protocol Newsletters Ethereum News
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