Fake -decentralized Vitalik says the founders are building “straw homes” star-news.press/wp

Vitalik Buterin, co -founder of Ethereum, has called for the growing trend towards centralization in the encryption industry.

Decentralization is at the heart of Blockchain technology, but the industry loses it. Annual Ethereum Society Conference On Wednesday, June 2, Vitalik Burin, co -founder of Ethereum, called for the growing trend towards centralization of coding.

While seeing privacy, freedom and transparency nourishes early encryption, things can take a different turn, as Burin says. He painted parallel with Web 1.0, early online version, which has evolved into something completely different from its original example.

“I mean, many of the ways that the Internet in general has ended in the matter to be completely different from the early types of web visions 1.0. This happens, in terms of government control, and it also works as control over companies,” Vitalik Buterin, ethereum foundation.

This transformation is not just a concern for the user’s empowerment, and Burin added – it’s also a safety risk. Many startups build decentralized applications with a central interface, such as web sites and mobile applications. Borin referred to this DAPPS as “straw homes”, on the pretext that the attackers can easily waive the central front ends.

You need decentralization criteria to the top: Burin

Borin stressed that decentralization is not only related to the presence of many auditors or voting mechanisms. Instead, he pointed to the “Walkaway Test” as the real measure of decentralization – that is, whether the application will continue to work if its primary team disappears.

“Basically, if your company disappears in all its servers suddenly, do users still have their origins? This is similar to the most basic thing that you should try to get out of your origins,” Borin explained.

Interestingly, the idea is the logic frequency behind the SEC test, which is used to determine whether the financial instrument, including the encryption code, is qualified as safety.