HomeTodays NewsEthereum [ETH] ethos is to have a lot of diversity in its implementation, says core developer
Ethereum [ETH] ethos is to have a lot of diversity in its implementation, says core developer
May 11, 2019
Lane Rettig, a core developer at Ethereum, recently spoke about the state of Ethereum Governance. The main topics covered by the developer were its history, current governance, challenges and case studies, relevance to various fields, and the next steps.
After giving a brief introduction to the history and growth of Ethereum’s community over the past few years, Rettig went on to speak about current governance. The first point under this was the distinction between governance of blockchain and governance by blockchain, he stated.
The core developer further added that, according to him, Ethereum was “exciting” mainly because of the potential of using Ethereum to govern other “human institutions,” citing the example of ventures and enterprises. In order to achieve this, he stated that it was “very important” that the blockchain itself was “well governed” and “act as stable foundation” for these institutions. Under this, the developer stated that there were two main things that were currently governed, the protocol, and the blockchain.
“[…] Ethereum ethos, unlike projects like Bitcoin, is to have a lot of diversity in our implementations. It allows us to catch bugs and hopefully work towards a more robust protocol but it makes again coordination among all these projects quite challenging so looking at the way Ethereum is governed today […]
Further, the developer spoke about the current characteristics exhibited by Ethereum’s governance. First, Plutocracy, where the developer stated that the resources were controlled by a “very small set of influential individuals and groups.” Second, Technocracy, as Ethereum has “set of core developers” taking the final decision about the implementations. Rettig also listed Meritocracy, Ergatocracy, and Oligarchy as characteristics of Ethereum’s governance. He said,
“[…] I’ll highlight Theocracy. This is tongue-in-cheek slightly serious, I do think that there are many people in the community who regard the opinions and the decisions made by certain individuals in certain organizations as sort of sacrosanct [..]”