Home GuidesEthereum

Follow us on Twitter or join our Telegram

Who Controls Ethereum?

If you are a proud user of Ethereum (ETH) or its native blockchain platform, you may be wondering who really controls Ethereum and is there a mastermind pulling the strings in this case? The question is not without merit, but even those that are at least marginally familiar with what
Ethereum really is would laugh at the words “control” and Ethereum in the same sentence.

So, answering the question of who controls Ethereum brings us to the original purpose of both this cryptocurrency and its blockchain platform: decentralization. Ethereum is not really controlled by anyone, in the sense that there is no omnipotent entity or a conspirator running it from the shadows. Ethereum exists solely through the participation and work of the community of its users and developers. They are, collectively, referred to as the Ethereum network. But, who controls the Ethereum network, you may ask? The answer is the same as for Ethereum itself: nobody controls it, as it is a genuinely decentralized platform which was originally built by crowdsourcing the work of a community of programmers. Once the code and network infrastructure were in place, the network itself was handed over to all the users who wanted to participate in it.

Yet, what about the Ethereum Foundation, is its head the person who controls Ethereum after all? Once more, the answer is negative, as this organization serves only to support and promote the Ethereum platform, with no stake in running the network itself. The same goes for the inventor of Ethereum, Vitalik Buterin who surely has an interest in the operation of Ethereum, yet without the ambition or capacity to “control” it. Finally, this is who controls Ethereum in reality: it is the community of its users whose resources and commitment keep the ETH alive and expanding.

More Guides

3 Methods to Buy Ethereum with PayPal Instantly

PayPal has the benefit of being both fast and widespread enough so as to make itself an essential online payment system. Yet, can we make use of its qualities to buy Ethereum (ETH) without hassle? Luckily for you, there actually are 3 methods to...

Read more

5 Reasons Why Your Business Should Accept Ethereum

Ethereum (ETH) is predicted to become the most important global cryptocurrency after bitcoin in the short term. In the meantime, Ethereum currency is already gaining traction among various businesses which is why we give you 5 reasons why your...

Read more

3 Ways to Set Up an Ethereum Wallet

So, you have decided you want to mine, buy or sell Ethereum (ETH). Despite it being a cryptocurrency, this does not mean that you don’t need a place to store it. To be fair, you do not actually “store” your precious ETH in these wallets as...

Read more

Who Created Ethereum?

Back in 2008, bitcoin was invented as a revolutionary way we approach online payment, security and privacy. Just three years later, the Ethereum platform was invented with an even greater ambition: to change our perception of the World Wide Web...

Read more

How to Get Free Ethereum?

Once you learn that investing in Ethereum requires some sweat and brains, you may start wondering if it is possible to actually earn free Ethereum (ETH) and collect it without any effort or investment. Now, knowing that there is no such thing as...

Read more

Who Accepts Ethereum?

Mining and buying cryptos is no small feat today, which is why those who manage to acquire Ethereum have every right to ask themselves who accepts Ethereum as payment once the dust has settled. If you’ve been wondering the same thing, you’ve...

Read more