February 24 News: Ethereum founder Vitalik Buterin stated during an event in Chiang Mai, Thailand, that Bitcoin’s design prioritizes decentralization over privacy features, making it impossible to fully achieve both. He pointed out that Bitcoin has almost sacrificed privacy benefits to maximize decentralization, resulting in highly transparent transactions and account information on the blockchain.
Buterin explained that early cryptographic technologies relied on centralized institutions to protect privacy because achieving complete decentralization and privacy simultaneously was nearly impossible at the time. He emphasized that Bitcoin’s design trade-offs sacrifice privacy but its decentralization advantage provides a foundation for network security and resistance to censorship.
Additionally, Buterin mentioned that privacy technology has made significant progress over the past decade, especially with zero-knowledge proof technologies like zk-SNARKs, enabling some members of the Ethereum ecosystem to explore methods of integrating privacy features into on-chain systems. This indicates that Ethereum has experimented with different strategies to balance privacy and decentralization, while Bitcoin continues to prioritize decentralization.
This statement is seen as Buterin’s latest public assessment of Bitcoin’s technical architecture and design trade-offs. Analysts believe that this trade-off reflects ongoing challenges in the crypto space regarding security, privacy, and decentralization, and provides investors and developers with insights into the technical philosophies of different blockchain projects.
As privacy technologies continue to evolve, more projects may attempt to enhance privacy within decentralized networks in the future, but Bitcoin still primarily focuses on transparency and decentralization.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale pension-usdt.eth recently opened a long position. CL still holds 1,000 BTC and a threefold short position.
Gate News Report, March 10 — According to Onchain Lens monitoring, the whale address pension-usdt.eth, which previously made huge profits on BTC and ETH, recently opened a 2x leveraged CL long position on Hyperliquid. Meanwhile, the address still holds a 3x leveraged short position in BTC, totaling 1,000 BTC, with a nominal value of approximately $69.89 million, currently with an unrealized loss of about $1 million.
GateNews14m ago
Gold and silver prices rose over 1.5% intraday, while BTC and ETH volatility indices dropped over 7%
On March 10th, gold prices rose to $5,218.17 per ounce, and silver prices reached $89.076 per ounce. The cryptocurrency volatility indices BTCD and ETHD both declined. The US dollar against the Chinese yuan slightly decreased, while it slightly appreciated against the Japanese yen. Global stock indices generally rose, and WTI and Brent crude oil prices both increased. The Gate platform supports trading of multiple assets.
GateNews16m ago
Bitcoin mining difficulty hits a new record
In February, global cryptocurrency mining saw significant developments, including a nearly 15% increase in Bitcoin's mining difficulty to a record 144.4 trillion. Bitdeer liquidated its BTC holdings and aimed to raise over 1,928,374,656,574,839,201 million for expansion. Market sentiment weakened after Trump's proposed tax increase, pushing Bitcoin below $65,000.
TapChiBitcoin28m ago
BTC 15-minute sharp decline of 1.32%: On-chain large transfers and long contract liquidations jointly exert pressure
Between 13:30 and 13:45 (UTC) on March 10, 2026, Bitcoin (BTC) experienced a short-term sharp decline, with a return of -1.32%. The price fluctuation range was from 69,723.0 to 70,921.5 USDT, with an amplitude of 1.69%. Trading volume during this period significantly increased, with on-chain large transfers rising by 18%. Market volatility intensified, accompanied by a rapid rise in panic sentiment, reflecting investors' high concern over sudden anomalies.
The main driver of this anomaly was the concentrated inflow of large on-chain transfers to exchanges, with some single transactions exceeding 1000 BTC, triggering institutional or large investor activity.
GateNews31m ago
BTC falls below $70,000, now at $69,813
Gate News Report, March 10, market data shows that Bitcoin has fallen below the $70,000 mark, currently trading at $69,813, with the 24-hour increase narrowing to 1.52%.
GateNews37m ago
BTC drops below 70,000 USDT
Gate News bot message, Gate market display, BTC drops below 70,000 USDT, current price 69,987.6 USDT.
CryptoRadar41m ago
