Delphi Labs: Ethereum upgrades are not entirely determined by the community.

Kabir903

Golden Finance reports that Gabriel Shapir0, Legal Director of Delphi Labs, has shared his perspective on protocol client upgrades in a tweet. He believes there is a misconception that protocol client upgrades are voluntary and community-driven. Due to the presence of RWAs (especially stablecoins), a minority's opposition to a hard fork is not feasible. This means that in cases involving significant assets, especially stablecoins, the dissenting opinions of a few cannot successfully block an upgrade.

Rejecting one upgrade implies rejecting all future upgrades. If the community rejects an upgrade, an alternative core development team must be provided to maintain and enhance the protocol. At this point, Gabriel Shapir0 suggests that Ethereum's core developers may not fully realize their power and responsibility. He points out that some people think Ethereum's protocol upgrade approach is better than Bitcoin's hard fork approach, but he considers this to be a mistaken view. He explains that Bitcoin and Ethereum have different circumstances, as Bitcoin lacks RWAs, there is competition among miners, and the chain cannot reduce or disrupt ASIC miners, among other differences. Therefore, on Bitcoin, intense competition and different vested interests lead to different upgrade dynamics.

Jatin255

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Jiten171

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