24/7 Cryptocurrency News

Vitalik Buterin Proposes ‘Plurality’ To Address Crypto Governance Issues

Published by

Ethereum (ETH) co-founder Vitalik Buterin has introduced the “Plurality” philosophy as a concept to tackle the tension between the crypto ecosystem and traditional governance systems. While he appreciates that this pluralistic approach can enhance existing systems, he does not see the possibility of a replacement.

Advertisement

Vitalik Buterin Side With Plurality, Citing its Potentials

Two years ago, American economist and author Glen Weyl wrote an essay titled “Why I Am A Pluralist”. In this article, the Microsoft Research executive defined Plurality as a social philosophy that recognizes and fosters the flourishing of and cooperation between a diversity of sociocultural groups or systems.

In his blog post, the Ethereum co-founder is quite optimistic about applying the pluralistic philosophy in several social and technological settings. To him, multiple ideas can hold the improvement of cooperation and decision-making in blockchain, social media and local government. His advocacy for this concept transcends beyond the theoretical as he sees the real-world application.

The crypto innovator is confident that the experimentation in real-time in the different areas of blockchain, social media, local government and other areas could herald significant benefits. He cited that it could enhance autonomy, foster collaboration and minimize polarization. For the blockchain ecosystem, Vitalik Buterin considers the decentralized nature of the technology itself.

Consequently, he believes that the pluralistic philosophy can address issues like collusion and competitive pressures within the blockchain community.

Advertisement

Blockchain Protocols Pursues Decentralization And Improved Governance

Generally, Vitalik Buterin has a broader vision for blockchain, a move in sync with this pluralistic approach. He looks forward to the development of a hub that brings different actors together in the spirit of collaboration, without succumbing to the pressures of centralization.

Little wonder, the Ethereum ecosystem is intentionally channeling efforts towards improving its governance. Even Charles Hoskinson’s Cardano is making some conscious governance moves with the Chang Hard Fork upgrade.

Noteworthy, the Chang hard fork is designed to make Cardano more scalable and decentralize the governance of the network. It is currently the most anticipated event in the Cardano ecosystem. Earlier this month, 58% of Cardano nodes have migrated to v9.1.0, with only 12% more required to launch the upgrade.

A few days after, the protocol also released an upgrade for the Hydra Head scaling solution.

Advertisement

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by

Recent Posts

  • 24/7 Cryptocurrency News

Hyperliquid DEX Outperforms Top Crypto Exchanges Coinbase, Binance, Robinhood With Zero Downtime

Today's crypto market crash triggered major congestion at some of the top centralized exchanges like…

October 11, 2025
  • 24/7 Cryptocurrency News

Crypto Market Loses $670 Billion on CEX Auto Liquidations, Altcoins Crash Intensifies

The crypto market has witnessed the biggest single-day crash in history, with more than $19…

October 11, 2025
  • 24/7 Cryptocurrency News

Crypto Market Crash With 100% Trump Tariff Announcement on China

The crypto market is facing further declines following President Donald Trump’s announcement of a 100%…

October 11, 2025
  • 24/7 Cryptocurrency News

ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations

Following complaints of consistency issues with the ASTER token airdrop, Aster DEX has announced a…

October 11, 2025
  • 24/7 Cryptocurrency News

U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price…

October 10, 2025
  • 24/7 Cryptocurrency News

Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies

A group of major world banks is working on a new stablecoin tied to G7…

October 10, 2025