Ben Edgington | 𝕏🧵RT
@materkel: Ethereum's most under-acknowledged achievement in the last few years?
Decentralizing its development.
We have:
- 10+ independent client teams working on clients in a wide variety of programming languages (client diversity)
- hundreds of people working on Ethereum L1
- thousands of people working on L2s
- track record of regular rough consensus around upgrades in public ACDE meetings
- less reliance on Ethereum leaders like
@dannyryan or even
@VitalikButerin...
I still remember when the actual development of blockchains was considered a great risk vector. This was heavily criticized from software developers within and outside the crypto community.
How could a blockchain claim to be decentralized if the development and the code are not?
#Ethereum for several months now achieved one of the biggest milestones for any decentralized network ever.
Client Diversity.
The benefits?
Being resilient against some of the most dangerous attack vectors for a blockchain network possible:
- 0-day programming language bugs
- Critical Bugs in a client implementation
- Supply chain attacks
- Social engineering
It's not a question of if but when such a black swan event could happen if we don't take these things seriously.
That's why hundreds of Billions worth of assets are being secured by
#Ethereum today. It's pushing the boundaries on decentralization and security.
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₿izFeed#⃣: #dev #ETH