Is Vitalik Buterin Too Alone to Make Ethereum Shine ?
Harikrishnan Mulackal worked as a Solidity expert and compiler engineer for the Ethereum Foundation. He points out a major issue facing the network: lack of clear leadership. According to him, the Ethereum update process has become too slow, with only one significant change to the Ethereum Virtual Machine (EVM) proposed in five years.
This slowness is partly due to the decentralized nature of Ethereum, making decision-making challenging. While decentralization is a key strength of the network, it has also made implementing necessary changes difficult. Thus, the sole proposed update to the EVM, transient storage, almost got dropped at the last minute.
This is why I left the Ethereum Foundation. There is a lack of a clear and consistent vision for Ethereum and the EVM, making any progress on the EVM impossible.
Mulackal believes Ethereum should focus more on execution than research, proposing a quarterly hard fork schedule to accelerate improvements. He suggests that faster updates could help the network maintain its dominance in the blockchain space.
Threatened Ethereum : Blockchains That Could Outshine It
Mulackal’s concerns echo similar warnings from other industry players. Evgeny Gaevoy, CEO of Wintermute, has stated that leadership issues, not technology, could be Ethereum’s downfall.
ETH is currently trading around $1,900. Source : TradingView
Gaevoy highlighted there are contradictions within the organization’s leadership. Some advocate for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.
Vitalik Buterin, Ethereum’s co-founder, has acknowledged the challenges and appears to be working on reorganizing the Ethereum Foundation’s leadership. Whether these developments will support or undermine the network’s core values remains to be seen.
Ethereum in 2025 : A Risky Bet or Opportunity ?
Facing increasing competition from other blockchains, the lack of Ethereum leadership could prove problematic in the long run. While the network remains a major player, the slowdown in its development raises questions about its ability to stay at the forefront of innovation.
If Ethereum fails to accelerate its updates and define a clear vision, it risks losing ground to more agile platforms. Network stakeholders will need to tackle this significant challenge if they want to ensure the future of the second-largest blockchain ecosystem. Is it the right time to buy ETH? Some see it as an opportunity before the adoption of the Petra update, while others prefer to wait for more certainty.
If you are interested in investing in Ethereum, here is how to easily buy it on Bitget :
- Create an account by signing up with your email and completing the verification.
- Deposit funds via credit card, bank transfer, or by transferring existing cryptos.
- Search for the ETH/USDT pair in the Spot or Futures section based on your strategy.
- Place a buy order according to your goals (market or limit order).
- Secure your tokens by keeping them on Bitget or transferring them to an external wallet.
Before investing, always consider the market context and adjust your strategy accordingly.
