Ethereum Services are Centralized

  1. “Smart contracts are immutable. Their owners can’t change them.”
    This is technically true, but practically false: https://docs.openzeppelin.com/learn/upgrading-smart-contracts
  2. “Mutable smart contracts are only used by pet projects. Every major production service is either immutable or uses a decentralized update mechanism.”
    This doesn’t seem to be true either. Axie and Rarible are two prominent NFT projects, both of which support centralized upgrades. After browsing a few top dapps from dappradar.com, this pattern appears to be the rule, not the exception.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store