Co-founder of Ethereum (ETH) Vitalik Buterin criticized centralized exchanges, saying that he hopes they will “burn in hell,” in an interview with a TechCrunch journalist Jon Evans, July 6.
[embedded content] Buterin has reiterated his positive stance on decentralization, claiming that by developing “better” decentralized platforms, the crypto community should be able to take away the “stupid King making power” from centralized crypto exchanges.
However, DEX’s also have disadvantages – the relative lack of liquidity, compared to their centralized counterparts, being one of the examples.
In the interview, Buterin cited one example to demonstrate the advantages of the current decentralization of Ethereum: “if someone puts a gun to [his] head and tells [him] to write a hard fork patch,” he would definitely do so.
As of press time, Ethereum is the second largest cryptocurrency with a market capitalization of around $47.5 billion.
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