Ethereum’s creator, Vitalik Buterin, could soon ‘detach’ himself from the blockchain he co-founded. Buterin wrote on Twitter that Ethereum could survive without him. In several occasions, different crypto enthusiasts claimed that Ethereum was a centralized network.
Does Ethereum Need Vitalik Buterin?
Some days ago, Ethereum’s co-founder, Vitalik Buterin, wrote on Twitter that the network could ‘absolutely survive’ without him. He explained that there are important developers working on Ethereum doing a good job.
He then wrote another Tweet that explaining ‘detaching’ is related to the ‘need’ to participate. However, he said that he has no plans to disappear any time soon. Although he could be working in many different prestigious companies, he decided to continue developing Ethereum.
To be clear, "detaching" meant detaching from *needing* to participate. No actual plans to disappear any time soon.
— Vitalik Non-giver of Ether (@VitalikButerin) October 6, 2018
Indeed, in the past, he received a proposal from Google to work on a blockchain project for the company. In order to know what the community thought about this idea, he started a poll on Twitter. 59% of the respondents answered that they wanted him to keep working on Ethereum.
In the past, Charlie Lee, Litecoin’s creator, sold all his Litecoin. According to him, he wanted the Litecoin project to be more decentralized than what currently is. And this is in line with what he said in May. He explained that at some point he was going to leave Litecoin. Since that moment, Bitcoin has lost over 54% of its value compared to Bitcoin.
At the same time, Bitcoin’s creator, Satoshi Nakamoto, decided to leave the decentralized project and allow it to grow with other recognized developers.
Ethereum is currently the second most valuable blockchain platform right after Bitcoin. Ethereum has a market capitalization of $23 billion dollars and each Ether (ETH) can be bought for $229 dollars.
Of course, the project could continue to grow without Vitalik Buterin. There are several developers and individuals contributing to the network. It can certainly grow without Buterin contributing to it. However, he clearly gives to Ethereum new ideas and insights about how to solve issues or create new features.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.