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Vitalik Buterin Promotes Copyleft as a Way to Preserve Open Innovation in the Crypto Industry

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by Giorgi Kostiuk

3 hours ago


Ethereum co-founder Vitalik Buterin expresses concern that the crypto community is drifting from its original open-source principles. He advocates for the adoption of copyleft licenses.

Reasons for Choosing Copyleft Strategy

Buterin believes that the crypto space has become more competitive and commercial, making the previous freely shared code insufficient. Copyleft licenses not only require sharing of code but also mandate that any new projects built on that code must remain accessible and open for everyone to use.

Promotion of Ethereum Staking

On the Ethereum platform, there is a notable increase in the popularity of staking, with over 35 million ETH locked in the Proof-of-Stake system. This indicates that investors are opting to earn rewards rather than selling their cryptocurrency. In the first half of June, staking surpassed 500,000 ETH, with significant players like Lido and Coinbase becoming major network operators.

Overall Perspective on the Future of the Crypto Industry

Buterin emphasizes that adopting copyleft licenses could restore the fundamental values of collaboration and transparency within the crypto industry. This call to action emerges against a backdrop of increasing centralization in the sector, highlighting the relevance of open-source principles.

Vitalik Buterin's call for the adoption of copyleft licenses highlights the need to return to the roots of the crypto community. The current state of Ethereum staking reflects user confidence in the platform. Sustainable growth and openness may play a crucial role in shaping the future of the crypto industry.

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