--

[Vitalik Buterin: ETH Should Focus More on its Store of Value Role] Ethereum co-founder Vitalik Buterin stated that ETH should focus more on its store of value function rather than positioning itself as a fee-burning token. Buterin believes that the fee-burning narrative has limited impact, and optimizing around this goal may struggle to balance decentralization and anti-capture capabilities. A store of value role aligns with Ethereum's decentralized advantages, and the stability these advantages provide has real value for asset holders. He supports retaining EIP-1559 and its burning mechanism, but believes that even if fee burning remains below 10% of the break-even point for an extended period, there's no need to be disappointed, as ETH's value comes from other aspects.

Loading...