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Ethereum co-founder Vitalik Buterin harshly criticized crypto regulations in the US. Buterin called this situation Anarcho-Tyranny. Buterin said that this contradictory approach hinders real innovation. He also argued that it allows less credible projects to flourish. Elsewhere, Buterin explained his proposal to improve Ethereums transaction confirmation times.

So, what does anarcho-tyranny mean? Simply put, it describes a situation where the government does not enforce laws against harmful activities but imposes excessive rules on honest, law-abiding citizens. This creates a confusing and flawed regulatory environment. Vitalik Buterin says that the current regulatory system allows projects with vague promises to operate freely. On the other hand, those that offer clear and transparent information face strict regulations and are often classified as securities. Buterin argues that this inconsistency discourages real innovation in the industry.

Vitalik Buterins call for change comes at a time of intensified regulatory activity by the SEC under Chairman Gary Gensler. As you have been following from Kriptokoin.com, the SEC has filed several lawsuits seeking to classify various cryptocurrencies as securities. Most recently, the SEC targeted ConsenSys, accusing the MetaMask wallet of violating securities laws with its clearing and staking services. This aggressive approach drew criticism from industry groups such as the Blockchain Association and the Crypto Freedom Alliance of Texas, who argued that the SEC exceeded its authority.

Vitelik Buterin proposes a different regulatory approach. While he supports projects with transparent and credible plans, he suggests making it riskier to issue tokens without a clear long-term value proposition. He believes that creating a balanced regulatory framework requires cooperation between regulators and the crypto industry. Ultimately, Buterins call for balanced regulation highlights the need for a more thoughtful approach that encourages innovation while protecting investors.

Meanwhile, Vitalik Buterin penned an article in which he proposed to improve Ethereums transaction confirmation times. Currently, Ethereum uses the Gasper consensus mechanism, which has a complex structure and confirmation times of around 12.8 minutes. To solve this problem, Buterin proposes the SSF (Slot-Slot-Finality) mechanism inspired by the Tendermint consensus algorithm. This approach aims to finalize a block before the next block is created, significantly reducing confirmation times. A key feature of SSF is the inactive leakage mechanism, which ensures network stability and security during periods of low activity or participation.

By implementing the SSF mechanism, Ethereum can offer faster transaction confirmations and improve the user experience. It could also make it more competitive with other Blockchain platforms. Moreover, this development could increase the efficiency and overall performance of the network, attracting the interest of both developers and users.

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Harsh Criticism from Ethereum Inventor: Anarcho-Tyranny! - Kriptokoin.com