Here’s How Vitalik Buterin Plans to Improve Ethereum’s Decentralization
Ethereum co-founder Vitalik Buterin recently discussed Ethereum’s progress and his vision for a more inclusive, scalable, and decentralized network.
He portrayed Ethereum as a “world computer,” supporting a wide array of digital activities and fostering a global on-chain ecosystem.
During his address, Buterin reviewed Ethereum’s journey, from its initial development to its status as a robust, foundational infrastructure for various decentralized applications. He pointed to Ethereum’s shift from Proof of Work (PoW) to Proof of Stake (PoS) as a significant milestone. This move not only reduced energy consumption but also strengthened the network’s decentralization and security.
Buterin highlighted Layer 2 solutions, such as Optimistic Rollups and ZK Rollups, which boost Ethereum’s scalability by processing transactions off-chain before finalizing them on the main network. This approach keeps the platform decentralized while enabling faster, lower-cost transactions. For instance, Layer 2 transaction fees have dropped from around 50 cents to less than 0.1 cent, broadening Ethereum’s accessibility and opening the door to new developer opportunities.
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In response to recent critiques, Buterin reaffirmed his commitment to achieving seamless, integrated experiences across Layer 2 networks, emphasizing a vision of Ethereum as an accessible, cohesive foundation for digital interactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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