Vitalik Buterin Says Consortium Blockchains Have Largely Failed

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Ethereum co-founder Vitalik Buterin said in a July 20, 2024 Arbitrum video that consortium blockchains have largely failed. Vitalik Buterin said these private chains combine the drawbacks of centralized and decentralized systems, and he proposed anchoring proofs and Merkle roots on-chain instead.

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