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Home»ADOPTION NEWS»Ethereum team lead Péter Szilágyi said he feels ‘Ethereum is losing its story’.
ADOPTION NEWS

Ethereum team lead Péter Szilágyi said he feels ‘Ethereum is losing its story’.

By Crypto FlexsJuly 26, 20242 Mins Read
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Ethereum team lead Péter Szilágyi said he feels ‘Ethereum is losing its story’.
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Team leader Péter Szilágyi expressed concerns about the direction of the Ethereum blockchain network.

Szilágyi’s views include the Ethereum PeerDAS proposal, which would increase the size of an Ethereum blob to 32MB, among other changes. Szilágyi argues that the PeerDAS upgrade would discourage home stakers with generally simpler computing setups from participating in the Ethereum network, which goes against the decentralized spirit of blockchain.

“Ethereum Research is killing home stakers in front of everyone,” Sillaji wrote on social media platform X. “This is not what I signed up for when I joined Ethereum.”

He added, “At this point I would be happy to prove otherwise, but I think Ethereum is losing its plot. The research team has completely embraced the idea of ​​centralizing everything verifiable. It’s a cute trick: decentralized verification, but centralized control.”

Ethereum Blobs provide short-term storage on the network and have been live since the Dencun upgrade in March of this year with the implementation of EIP-4844.

According to The Block Prices, Ethereum is trading at $3,255 as of 2:47 PM (6:48 PM UTC) on July 26, up 4.11% over the last 24 hours.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin first broke $20,000. Since then, MK has written nearly 1,000 articles for the publication, covering all aspects of crypto news but with a penchant for NFTs, metaverse, web3 games, fundraising, crime, hacking, and crypto ecosystem stories. MK holds a graduate degree from the Science, Health, and Environment Reporting Program (SHERP) at New York University and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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