Vitalik Buterin

Etherealize CEO Vivek Raman: Wall Street’s private chain comeback is a ‘race to the bottom’

Etherealize CEO Vivek Raman criticizes the current trend of private, gated blockchains, likening them to a 'race to the bottom' and a repeat of past failures. He argues that open, permissionless networks like Ethereum provide superior interoperability and liquidity, with privacy features best built on top of these foundational layers. While acknowledging the market's current focus on enterprise sales, Raman believes that regulatory clarity will ultimately favor open networks due to their lack of a single controlling entity.