Vitalik Buterin, co-founder of Ethereum, shared his insights on important aspects of publicity and the future of the Ethereum platform in the podcast The Network State. Here’s a more detailed overview of his statements:
Publicity and the Launch of Ethereum
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Personal Perspective: Buterin began working on Ethereum at the age of 19, filled with enthusiasm and a drive for innovation. He emphasized that openness and his public persona played a key role in the project's success. This not only drew attention to the idea but also allowed him to actively engage with the community, which in turn helped form a strong base of users and developers.
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Changing Perception of Cryptocurrencies: In 2008, when the first cryptocurrency—Bitcoin—was launched, the very concept of cryptocurrency was seen as risky and unstable. However, by 2013, when Ethereum was introduced, public perception of blockchain technologies had significantly changed. Buterin noted that at that time, there was not as much urgency for anonymity as there had been previously.
Future of Ethereum
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Main Development Goals:
- Scalability: Buterin highlighted scalability as one of the main goals for Ethereum. He focused on the need to improve both Layer 1 (the base layer) and Layer 2 (secondary layer) solutions to ensure higher throughput for the network and reduce transaction fees.
- Value: Another important goal is to maintain the value of the network through security and decentralization. Buterin believes that achieving these goals requires the implementation of new technologies and approaches.
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Technological Innovations:
- ZK-Proofs: Buterin discussed the introduction of zero-knowledge (ZK) proofs, which allow transactions to be verified without disclosing information about them. This significantly enhances the level of privacy and security.
- PeerDAS: This new technology aims to improve data distribution and optimize network performance.
- Data Sampling: This method will help process millions of transactions simultaneously without losing decentralization, which is one of Ethereum's key features.
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Critique of Satoshi Nakamoto: Buterin also expressed the view that Satoshi underestimated the asymmetry between creation and verification of transactions. This discrepancy, in his opinion, hinders scaling and the development of the entire cryptocurrency ecosystem.
Fusaka Hard Fork
- Planned Hard Fork: Buterin announced that the next Ethereum hard fork, named Fusaka, is scheduled for November 2025. This hard fork is expected to bring significant changes to the network's architecture and improve its functionality.
Overall, Vitalik Buterin's appearance on the podcast The Network State highlights the importance of open dialogue and engagement with the community for the successful development of blockchain technologies. He continues to be an active advocate for decentralization and innovation, making Ethereum one of the most significant platforms in the world of cryptocurrencies.
