Reconsideration of the priority of decentralization design in Ethereum and blockchain projects

The recent “Balance of Power” topic raised by Vitalik reveals the fundamental dilemma in the cryptocurrency industry. Currently, many projects are overly focused on business profitability, neglecting the core value of decentralization, which is becoming increasingly sidelined.

The Risks of Centralization: Why Can’t It Be Ignored?

When power concentrates in a few hands, the system’s autonomy and trustworthiness rapidly deteriorate. The ‘potential for abuse of power’ that Vitalik warns about is not just a theoretical concern. It is fundamentally at odds with the very purpose of blockchain, which is to exclude centralized control.

Natural Decentralization vs. Intentional Design

An interesting point is that not all systems inherently possess equal decentralization potential. Structures like languages or open protocols naturally maintain decentralized characteristics. Conversely, technology-based cryptocurrency projects must incorporate meticulous design philosophies from the architecture stage to achieve decentralization.

The Balance Between Efficiency and Decentralization: The Key

Vitalik emphasizes that these two values should not be viewed as mutually exclusive. Efficient operation and decentralized structure are not conflicting; rather, they can be achieved simultaneously through wise design. The problem lies in projects prioritizing short-term gains and avoiding long-term decentralization principles.

Future Direction: A Shift in Design Principles

To build sustainable ecosystems, cryptocurrency projects must integrate decentralization as a core design philosophy rather than just a marketing slogan. Vitalik’s suggestions serve as a call for the industry to return to its roots, which is a crucial point that will determine the future of blockchain.