Vitalik Buterin: Ethereum is the world's ledger

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On June 20, Vitalik Buterin – the founder of Ethereum – reshared a tweet with a notable statement: "Ethereum L1 is the world's ledger." This is not just a symbolic statement, but also an affirmation of the central role that Ethereum is gradually taking on in the global blockchain ecosystem.

According to the description, Ethereum Layer 1 (L1) is expected to become the main ledger of the entire world – where anyone can access, use, add data, or deploy functions without permission. This system stands out for its reliable neutrality, censorship resistance, and mechanisms that ensure immutability – meaning data cannot be silently modified, thanks to transparent and public penalty mechanisms.

Moreover, Ethereum is continuously promoting decentralization in a planned manner, consolidating trust in the network's long-term sustainability. With a large, high-quality global community that remains highly vigilant, Ethereum is building a strong defensive layer against organized disruption attempts from entities with abundant financial resources and long-term strategies. Vitalik believes that as the network continues to develop and mature, manipulating or disrupting Ethereum will become increasingly difficult.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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