Ethereum co-founder Vitalik Buterin warned at the Ethereum Community Conference (EthCC) in Cannes that Ethereum’s founding principle of decentralization is at risk of being undermined by growing corporate influence and centralized design practices.

Date

July 2, 2025

Quotes that support claims

Decentralization is at the core of blockchain technology, but the industry is losing sight of it. At the annual Ethereum Community Conference on Wednesday, June 2, Ethereum co-founder Vitalik Buterin called out the growing trend toward centralization in crypto.

At the Ethereum Community Conference (EthCC) in Cannes, co-founder Vitalik Buterin issued a pointed warning about the crypto industry’s popularity, as the industry is attracting mainstream corporate interest like never before. Buterin warned that the fundamental principle of true decentralization may be at risk of being eroded. He urged developers to base their designs on practical tests that place user needs and security first.

Tags

Week 27 of 2025