EthCC: Vitalik Buterin believes crypto has reached an ‘inflection point’

Description

Ethereum co-founder Vitalik Buterin declares that the crypto industry has reached a mainstream “inflection point,” urging developers to prioritize building resilient, truly decentralized infrastructures over short-term hype.

Authors

Trisha Husada

Publish date

July 2, 2025

Publisher

Crypto.News

Web URL

https://crypto.news/ethcc-vitalik-buterin-believes-crypto-has-reached-an-inflection-point

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Fourth is the trade-off related to zero-knowledge proof identity. Although ZK proofs are able to provide privacy by enforcing a “one person, one account” rule, other people can easily access it by forcing someone to give up their master identity key.

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In his speech at the EthCC, Buterin mentioned some areas in the crypto space that need to be improved. First, he highlights that many Layer 2 solutions, DEXs, and similar apps claim to be decentralized but often have hidden backdoors or upgrade keys that can be triggered without user consent. This undermines the trustless nature of the blockchain since, despite being technically on-chain.

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Third, Buterin criticized the current governance model of DAO token holders. He observed voting power often turns into an auction, letting people “buy” the most number of votes. Despite being decentralized on paper, these systems tend to concentrate power structurally. “Governance is something where you don’t just need to think about the formal rules being decentralized, you need to think about whether or not it’s enabling outcomes that are decentralized,” said Buterin.

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