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Ethereum co-founder Vitalik Buterin published a new article titled Balance of Power, examining how power concentration and checks should be designed in crypto systems.
Vitalik argues that many crypto projects overly focus on “business models” — how to continuously acquire resources to sustain teams — while neglecting an equally critical question: decentralization models, or how to prevent excessive power from accumulating within the project itself.
He notes that some systems decentralize naturally, such as open standards like TCP/IP or language systems, where no single actor can easily dominate. However, in many crypto use cases, decentralization does not emerge by default and must be intentionally designed through governance and architecture.
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