Bitcoin [BTC] And Ethereum [ETH] are not decentralized: Says Ethereum Co-Founder

One of the basic premise of Blockchain is the fact that it is decentralized, but what if someone was to say that it is not. Gavin Wood, the co-founder and former CTO of Ethereum has stated that is at best a partial truth.

A recent report by Longhash claimed that Gavin believs that the toxicity and competition between various camps has overpowered the positive aspects of the crypto industry. Most camps have an extreme and maximalist nature of which has made the space significantly more “toxic”.

He stated:

“It’s very nationalistic, maximalistic, whatever you want to call it. There are tribes, and there are people who can no longer look at the technical aspects, and they just put their flag in the sand and it’s now it’s almost turned into a religion.”

Wood has ventured out of Ethereum and started Polkadot, a blockchain communicator of sorts, which Wood claims is the “NATO for blockchains”. He mentioned how his team was dismissed as a “waste of time and effort”, by the Bitcoin adherents during Ethereum’s early days, and now the “Ethereum maximalists” are meting out the same treatment to other upcoming camps.

Wood clearly states that the principle of decentralization is a myth. He claims that even the biggest cryptocurrency of the world, Bitcoin [BTC], is apparently controlled by a small group of people. He stated:

“Anyone with what they call push access, basically the ability to change the Bitcoin core repository, is in charge of Bitcoin.”

Exposing Ethereum further, he stated that the altcoin is also not completely decentralized. Ethereum is regulated and controlled by the Ethereum Foundation, which owns the Ethereum trademark. The network can be called “decentralized” just because co-creator Vitalik Buterin “isn’t a dictator”, opined Woods. He added:

“There’s no such thing as true decentralization without some degree of staleness or inertia.”