Ethereum’s 'Trustless Manifesto' and the return to first principles
As crypto markets decline, Ethereum is reflecting on its founding ethos through a newly released 'Trustless Manifesto' by Vitalik Buterin and co-authors. This manifesto serves as a call to action for developers to build systems based on math and consensus rather than relying on intermediaries. It argues that as Ethereum grows, there’s a risk of dependency on a small group of trusted intermediaries, leading to fragility within the network. The authors emphasize the importance of 'trustless design' with three fundamental laws: no critical secrets, no indispensable intermediaries, and no unverifiable outcomes. Drawing a parallel to the centralization of email, they caution against losing practical trustlessness. A connected vision, the 'Lean Ethereum' proposal, seeks to simplify Ethereum's architecture, enabling anyone to run a node without centralized support. As the DevConnect event approaches, the conversation within the Ethereum community highlights the need for a cultural shift towards ensuring decentralization and resilience in the face of technological innovation.
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