Founder Vitalik Buterin Reveals 5 Features That Excite Him the Most About Ethereum – The Last One May Surprise You
In his latest blog post, Ethereum (ETH) co-founder Vitalik Buterin discussed "what in the Ethereum application ecosystem excites" him, including features related to money, identity, stablecoins, decentralization - and voting.
He started by stating that there are very few ideas today that are completely unexplored, which has led to a change in perspective for him: "my excitement about Ethereum is now no longer based in the potential for undiscovered unknowns, but rather in a few specific categories of applications that are proving themselves already, and are only getting stronger."
"Cryptocurrency often steps in as a lifeline" in countries where links to global financial systems are limited and extreme inflation is a constant, said Buterin.
Following Ethereum's Merge, transactions on the blockchain are included "significantly more quickly", and the chain is more stable. This makes accepting transactions after fewer confirmations safer.
Furthermore, Buterin once again expressed his excitement about scaling technology such as optimistic and ZK rollups. Additionally, social recovery and multisig wallets are becoming more practical, he said.
"These trends will take years to play out as the technology develops, but progress is already being made, said Buterin."
At the same time, the FTX collapse reminded everyone that "even the most trustworthy-seeming centralized services may not be trustworthy after all."
The more extreme use cases concerning surviving high inflation and basic financial activities do not apply in wealthier countries - but crypto here has significant value nonetheless. For one, it is "far more convenient than traditional banking," said Buterin.
There is also the notion of crypto as private money in the age of
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