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Tag Archives: Vitalik Buterin

Vitalik Buterin: Ethereum Needs Further Change if It’s to Survive

As the world’s second largest digital currency by market cap, Ethereum has made quite a name for itself over the last several years, but according to founder Vitalik Buterin, the asset is not going to do well in the future unless it makes a few changes. Vitalik Buterin on the Later Success of ETH In a blog post called “The Three Transitions,” Buterin said Ethereum is going to need “to evolve around transitions in Layer-2 scaling solutions, a move to smart contract...

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4 Problems With Sam Altman’s Worldcoin, According to Vitalik

Ethereum co-founder Vitalik Buterin published a blog post on Monday discussing “decentralized proof-of-personhood” – an ambitious concept at the center of OpenAI CEO Sam Altman’s newly launched “Worldcoin” (WLD) project. While noting benefits the benefits of the concept at large, the developer highlighted four potential flaws in Worldcoin’s approach that have popular voices in crypto shaking their heads: privacy, accessibility, centralization, and security. Worldcoin Not Bad...

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Vitalik Buterin Shares Opinion on Newly Launched Worldcoin Protocol

CoinspeakerVitalik Buterin Shares Opinion on Newly Launched Worldcoin Protocol Despite his cautious stance, Vitalik Buterin envisions a future where decentralized identity verification can empower individuals, improve access to services, and foster a more inclusive global society. Vitalik Buterin Shares Opinion on Newly Launched Worldcoin Protocol

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Vitalik Buterin Lauds Bitcoin Ordinals, Believes BRC-20 Standard Could Revive Stagnancy

Bitcoin maximalists have proved to be highly staunch supporters of the crypto asset. For more than a decade, they have stayed as a united front, but the advent of Ordinals shook up the long-standing narrative. 2023 will be known for many things, one of them being – the Bitcoin community’s split into two warring factions. The first cohort are Ordinals skeptics and supporters of “staying true” to Bitcoin – using the asset purely to process transactions. The second cohort is...

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3 Transitions Ethereum Needs To Make: Vitalik Buterin

Ethereum co-founder Vitalik Buterin believes Ethereum still requires “three major technical transitions” to fully mature as a tech stack – and anything less will be insufficient.  In a Friday blog post, the developer highlighted what’s needed to implement each of his ideal improvements, which could include “deep changes from applications and wallets.” Scaling, Security, and Privacy According to Buterin, Ethereum’s three transitions include layer-2 scaling (rollups), enhanced...

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Vitalik Buterin Wants to Fix All ETH Scaling Issues Before the Next Bull Run

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The bitcoin price is getting a lot of hype as of late given that it recently hit $30K for the first time in about 11 months. The news is no doubt good, but Ethereum is also doing quite well and hogging up the spotlight considering it just went through its Shapella upgrade, and now the co-founder of ETH Vitalik...

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Vitalik Buterin Promotes Preservation of Ethereum Blockchain’s ‘Minimalism’

Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks of Overloading Consensus Layer Over the years, several proposals have emerged suggesting the use of...

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Vitalik Buterin Calls for Deployment of zk-EVMs on Ethereum 

Vitalik Buterin encouraged the deployment of Zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum mainnet. In a blog post, Buterin stated that the zk-EVMs would speed up Ethereum’s verification process without affecting the network’s decentralization and security. zk-EVMs to Interact With Ethereum’s Multi-Client Philosophy According to the Russian-Canadian programmer, Ethereum maintains its security and decentralization through its multi-client philosophy, which...

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