What has become of the unchangeable, permissionless, and prohibition resistance as the exchange claimed widely?
This question was asked by Chris O when the Ethereum Co-founder, Vitalik Buterin, through a video, revealed that there is a backdoor for every layer two and rollup solutions on the Ethereum protocols Devs.
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Surprisingly, the table immediately turned against the developers of Ethereum, the largest altcoin network. The cryptocurrency community is now against the ETH developers.
Fast facts
- Vitalik Buterin said in a video that, on every layer two and rollup solution on ETH, there is a backdoor for the protocol developers to enter to carry out changes if needed.
- Buterin’s comments were unacceptable to the Cardano community. They believe that this video revealed, in detail, the underhanded practices of developers. As a result, the ETH developers come under attack.
- The Cardano community believes that Vitalik Buterin really means that the protocol developers have a way out on every L2 and rollup solution on Ethereum. Moreover, some ETH developers admitted they couldn’t stake all of their Ethereum.
- After Ethereum Co-founder’s statement, which he said during an interview, went viral, a renowned Cardano Original Gangster, Chris O, went to X, the former Twitter, to blast Buterin.
- Chris O further said that ADA (Cardano) and BTC (Bitcoin) are the only reliable cryptos as they don’t entertain backdoors for the protocol developers.
- Although this comment by Buterin attracted much criticism, some personalities still communicated that the backdoor allowed to protocol developers is a concept that has been unique to cryptocurrency.
What’s Happening in Crypto Today?
At the time of this writing, Bitcoin is trading at $29,331.71, with a drop in its market cap by 0.08% and an increase in trading volume by 76.68%.
Ethereum, on the other hand, is presently trading at $1,844.09, with a drop in market cap by 0.23% and an increase in trading volume by 92.08%.
- Meanwhile, Cardano is currently trading at $0.2897, with a drop in market cap by 0.40% and an increase in trading volume by 23.15%.
- Dogecoin is currently trading at $0.0746, with a drop in market cap by 1.89% and an increase in trading volume by 12.03%.
- On the side of Solana, it is presently trading at $24.47, with a drop in market cap by 0.99% and an increase in trading volume by 8.07%.