TradFi's Permissioned Blockchain Obsession Threatens Crypto Value

Etherealize CEO Vivek Raman has expressed his concerns about the growing trend in traditional finance (TradFi) towards permissioned blockchains. He believes this focus is a 'race to the bottom' and may lead to the devaluation of cryptocurrencies. Permissioned blockchains require intermediaries for validation, which undermines the decentralized nature of blockchain technology.

Raman argues that the emphasis on permissioned blockchains distracts from the true potential of public, open-source blockchains like Ethereum. He suggests that this shift could ultimately harm the adoption and growth of cryptocurrencies in the long run.