TechFlow news, November 20: According to Dlnews, Ethereum founder Vitalik Buterin warned at the Buenos Aires Devconnect conference that the continuous accumulation of ether by large asset managers such as BlackRock poses two existential threats to the network. First, institutional influence could drive away core community members and developers who care about decentralization; second, institutional pressure could lead to flawed technical choices, such as a 150-millisecond block time, which would make it difficult for ordinary users to run nodes. Currently, nine Wall Street firms offering Ethereum ETFs hold over $18 billion worth of ether, with corporate treasuries holding an additional $18 billion. Buterin emphasized that Ethereum should focus on being a "global, permissionless, and censorship-resistant protocol" to maintain its unique value.
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