Ethereum (ETH) co-founder Vitalik Buterin has published an article in which he talks about his excitement for the future of Ethereum and his plans for ecosystem development.
Vitalik Buterin has published an article in which he shares his thoughts on the Ethereum ecosystem and its future. In the article, he is at the top of the developments in the Ethereum ecosystem that he is excited about. money, blockchain their identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs) and hybrid applications He said he was coming.
In the article in question in Argentina Taking an example from an event he experienced, Vitalik stated that Ethereum proof of work He told that he paid with Ether at a cafe while he was working with. Ether payment made one-third of the transaction fee Stating that the transfer takes a few minutes to complete, Vitalik said, proof of stake (proof of share) He mentioned that these problems have disappeared with the transition to the system.
Referring to the rise of DeFi later, Buterin said that the industry started with dignity but quickly “to an unsustainable overcapitalized beast“He said he was transformed. He added that DeFi is “in the early stages of embracing a stable environment, improving security, and refocusing on a few applications that are particularly valuable.”
Buterin, Concerning DAOs, he stated that he could move humanity to a more free and democratized form of expression:
Thanks to DAOs, I think it has captured many of the hopes and dreams that people put in the crypto space to create more democratic, flexible and efficient forms of governance. On the other hand, DAO needs to work harder to increase its resistance to censorship and sensitivity to its internal structures.
more of your network democratization, anonymization and be user oriented Continuing his resolute words on the issue, Buterin made it clear that he wants to scale all these innovations on Ethereum. Additionally, like voting Ethereum blockchain technology off chain drew attention to the potential to combine with processes. Giving an example of a fictional scenario, Buterin reasoned as follows:
Votes are published on the blockchain, so users have a voting system-independent way to ensure their votes are included. But the votes are encrypted, confidentiality is protected and a ZK-SNARK based solution is provided.
Finally, Buterin emphasized that investors should focus on models with more sustainable and long-term value propositions, not projects that make short-term profits and are speculation tools. At this point Terra (LUNA) Giving an example, Buterin said, “With LUNA’s market cap rising to over $30 billion, stablecoins that strive for robustness and simplicity are often largely ignored for years.” used the phrases.