Vitalik: Centralized USDC could decide the future of contentious ETH hard forks

Vitalik: Centralized USDC could decide the future of contentious ETH hard forks


Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.”

Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3, along with Illia Polosukhin, the co-founder of Near Protocol (NEAR) to discuss Ethereum’s upcoming Merge.

The Ethereum co-founder argued that centralized stablecoins could be a “significant” decider of which blockchain protocol the industry would “respect” in hard forks.

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A hard fork occurs when there is a radical change to the protocol of a blockchain network that effectively results in two versions. Usually, one chain ends up being preferred over another.

“At the moment of the merge, you will have two [separate] networks […] and then you have

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