Vitalik Buterin: Crypto Industry Enters Early Stage with L2 Cost Reduction, ZK-SNARKs, and Account Abstraction
Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
According to Golden Finance, Vitalik Buterin replied to a user on X, saying: "The key thing we're truly in the early stages of is L2s finally becoming affordable. I've been saying since 2020 (if not earlier) that the whole "more than just high-value DeFi" part of crypto only works if transaction fees are cheap. They only really became a reality this March.
If I had to pick a second and third early stage area, they would be:
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ZK-SNARKs and use cases (zupass, railway, 0xbow, rarimo, etc.) are finally approaching maturity.
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Account abstraction ZK-emails (and zk-wrappers like centralized IDs) are particularly important, connecting both."
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