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WebsCrypto—News—Ethereum News—Vitalik Buterin: Preventing Domination Is a Fundamental Principle of Blockchain
Ethereum News

Vitalik Buterin: Preventing Domination Is a Fundamental Principle of Blockchain

By WebsCryptoJuly 29, 2022
Vitalik Buterin: Preventing Domination Is a Fundamental Principle of Blockchain
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Ethereum co-founder Vitalik Buterin expressed his views on DAOs (Decentralized Autonomous Organizations) on social media. He believes that DAOs that issue transferable governance tokens are inherently contradictory to DAOs.

Transferable governance tokens are all about giving more power to those who most want to rule. In addition, in replying to the comments of netizens, he said that governance and domination are two different things.

Preventing governance is a fundamental principle of blockchain, but preventing all governance is impossible.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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