Ethereum Team Lead Péter Szilágyi says he feels 'Ethereum is losing the plot'

Ethereum ETH +4.77% Team Lead Péter Szilágyi expressed concerns about the direction of the blockchain network Ethereum. 

Szilágyi's view involved the Ethereum PeerDAS proposal , which would, among other changes, increase the size of Ethereum blobs to 32 MB. Szilágyi argues that the PeerDAS upgrade would hinder home stakers, typically those with simpler computing setups, from participating in the Ethereum network — which goes against the decentralized ethos of the blockchain.

"Ethereum research is murdering home stakers live in front of everybody," Szilágyi wrote on the social media platform X. "This is not something I signed up for when joining Ethereum."

He added, "at this point I'd be happy to proven otherwise, but I feel Ethereum is losing the plot. The research team fully embraced the idea to centralise everything as long as it can be verified. Which is a cute charade: decentralised validation but centralised control."

Ethereum blobs offer short-term storage on the network, going live in March of this year following EIP-4844 in the Dencun upgrade .

Ethereum traded at $3,255 after seeing a 4.11% increase in the past 24 hours as of 2:47 p.m. (18:48 UTC) on July 26, according to The Block Prices.