Considering they were released before 2015, it may be too late to buy DOGE and ETH. Ethereum founder Vitalik Buterin instead considers some new projects emerging in the Ethereum ecosystem.
Those who missed the DOGE and ETH train, Vitalik Buterin sees ‘future’ in these projects
In his December 5 article, the Ethereum founder cited five areas within Ethereum as potential sources of growth. These are: payments and transactions, DeFi, Blockchain identity, DAOs, and “hybrid applications”. to details cryptocoin.comWe have included it in this article.
For example, when it comes to payments and transactions, Buterin begins with a brief description of what the experience of buying tea and snacks with crypto has been in Argentina recently. He then uses this as a link to explain what Ethereum should do better. Buterin is not satisfied with the ease, cost or efficiency of doing cross-border crypto transactions. Therefore, any crypto project that can largely address these concerns will be a potential investment.
The future of DAOs
The best way to think about a DAO is a hyper-decentralized management structure. Corporations are generally centralized, while DAOs are the opposite. They are decentralized, flat, and hyper-democratic. There are no “bosses” and “management layers”. Everything is run through smart contracts and Blockchain.
So which DAO projects stand out instead of DOGE?
In his article, Buterin highlights several DAOs in the Ethereum ecosystem that he is particularly proud of and have incredible potential. However, most of them are new and first of their kind. Therefore, investing in management tokens is definitely not for ordinary investors. A simple solution is to go to a site like CoinMarketCap and search for projects that have the term “DAO” in them. This directly paves the way for popular cryptocurrencies such as Curve DAO Token.
Then come the platforms that stand out with their DAO and DEX features such as Uniswap (UNI). Uniswap sometimes sees more Ethereum volume in a single day than Coinbase. It is also rightfully one of the 20 most valuable cryptocurrencies in the world when measured by total market cap.
Vitalik Buterin mentions that some DAO builds are inefficient
In the last part of his article, Buterin writes that crypto investors are focused on finding big, short-term gains and overlook the smart, long-term investment games that are building the future of cryptocurrencies. This takeaway, Buterin’s insights into what’s exciting in the crypto world right now was a great read for anyone looking for new investment ideas in 2023. If we summarize the analysis of the Ethereum founder as a result of the article, decentralized structures such as DAO and DEX will be at the forefront in the future. Buterin opposes projects that distribute ownership over tokens on DAOs.
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