35 - Designing Ethereum | Vitalik Buterin
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Decentralization and Design Principles of Ethereum 2
This chapter explores the fundamental principles behind the design of Ethereum 2, emphasizing the transition from proof-of-work to proof-of-stake for improved accessibility and efficiency. It discusses the significance of decentralization, scalability, and the participation of regular users in maintaining a resilient blockchain network. The chapter also examines the potential pitfalls of centralization, providing real-world examples and stressing the need for a permissionless and neutral system to protect user interests.
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