Dr. K, co-founder of Quai Network, highlights how the blockchain industry has strayed from Bitcoin's original ethos of decentralization. While Ethereum and Solana prioritize scalability and performance, they compromise on core values. Bitcoin's fixed supply and immutability make it a reliable store of value, unlike other currencies vulnerable to manipulation. However, key layer-1 players like Ethereum and Solana face centralization risks due to governance-led updates and concentration of control. Venture capital investment in projects like Solana has accelerated growth but centralized decision-making. The industry's shift towards institutional approval reintroduces power dynamics Bitcoin aimed to eliminate. Decentralization is crucial for censorship resistance and economic liberty. To uphold the promise of crypto, a return to Bitcoin's founding principles is necessary to separate currency from state control and ensure financial independence. Dr. K emphasizes the importance of prioritizing decentralization over speed and programmability in the crypto ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

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