Ethereum Founder Vitalik Says Five Banks on One Chain Is Not a Blockchain Solution

The post Ethereum Founder Vitalik Says Five Banks on One Chain Is Not a Blockchain Solution appeared first on Coinpedia Fintech News Vitalik Buterin has delivered a verdict on consortium blockchains, calling them a failure of their original vision. Speaking during an Arbitrum Day session, Buterin argued that these private, enterprise-led chains combine the worst aspects of both centralized and decentralized systems. Instead of offering true openness or strong privacy, they often evolve into “cartel-like” structures, closed …