Vitalik Buterin Reveals The Worst Thing That Happens On The Ethereum Network

Vitalik Buterin, co-founder of the Ethereum network, made immoderate absorbing comments during a recent interview. One of them was his revelation of the worst happening that usually happens connected the Ethereum network.

The Worst Thing That Happens On Ethereum

Vitalik mentioned that the worst happening that happens connected Ethereum is erstwhile radical suffer money. It is, however, worthy mentioning that this peculiar remark came successful narration to his earlier remarks astir the interaction that wars and dictators person connected quality lives. This was meant to beryllium light-hearted successful examination to the “heavy things” helium had conscionable spoken about.

Meanwhile, Vitalik is of the sentiment that crypto has a large relation to play successful immoderate bid to curb the excesses of those successful power. He said that crypto tin “counter-pressure” the powers of these governments and large corporations. 

Crypto is already doing this, arsenic helium highlighted however radical person much power implicit their finances and the authorities cannot easy drawback their wealth up to money wars. He besides alluded to ZK (Zero Knowledge) technology and however radical tin beryllium things astir themselves without specified accusation being maliciously utilized by the government. 

These statements made by Vitalik erstwhile again stress the essence of cryptocurrencies and their relation successful creating a decentralized economy. As radical proceed to suffer religion successful the accepted fiscal system, crypto has provided a haven for those looking to person much power of their finances. 

ETH terms falls beneath $2,400 | Source: ETHUSD connected Tradingview.com

Digital Democracy On ETH

Vitalik besides touched connected Ethereum and the request to marque certain protocol upgrades. He specifically noted however immoderate of these upgrades are economic. For those, Vitalik believes determination is simply a request for the Ethereum community to beryllium much progressive to debar a akin system, which crypto aims to eliminate.

To execute this, the Ethereum co-founder proposed innovating a amended benignant of ideology instrumentality wherever members could usage ZK votes to marque their voices heard. At the aforesaid time, determination volition besides beryllium a request to make tools that tin weed retired those who aren’t really portion of the community, helium said. That way, halfway ETH developers tin really instrumentality upgrades that bespeak the wishes of everyone successful the community. 

Vitalik besides sounded optimistic astir the aboriginal of Ethereum. He stated that the web has improved greatly and achieved “amazing success” successful presumption of scaling and improving UX, security, and privacy. These, successful his opinion, were immoderate of Ethereum’s biggest problems successful the past 10 years. 

Regarding scaling, the ETH co-founder says the “biggest thing” that happened successful 2023 was the information that Rollups became much secure. These layer-2 networks could assistance Ethereum perchance standard to 100,000 transactions per second.

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