Vitalik Buterin opposes the banning of Proof-of-Work (PoW)

Vitalik Buterin, the co-founder of Ethereum (ETH), recently commented on a Twitter post by another user, saying he opposes the banning of Proof-of-Work (PoW).


Vitalik Buterin, the co-founder of Ethereum (ETH)
Vitalik Buterin

"No government has the authority to tell you what software to use," a Twitter user with the handle @brucefenton claimed in the post. "Code is speech," he added.


More so, Buterin agreed with the post and retweeted it. He went on to say that he was mostly referring to efforts by regulators around the world to outlaw Proof-of-Work (PoW) blockchain networks.


"The government picking and selecting which specific apps are a good use of electricity or not is a poor concept," Buterin wrote on Twitter.


Instead of imposing a ban, Buterin provided a solution, concluding that it is preferable to "simply establish carbon pricing, and utilize some of the money to compensate low-income consumers."



Following this tweet, Ethereum's (ETH) price has increased by almost 1.4% in the last 24 hours. According to CoinMarketCap, this has boosted ETH's weekly price performance into the green, with ETH now up 1.11% in the last seven days.


Ethereum (ETH) is trading at $1,787.21 at the the writing time, according to CoinMarketCap.