Vitalik: Ethereum's Key Goal for the Next Decade is to Achieve Mainstream Adoption While Preserving Open Source and Decentralization Values
Vitalik Buterin's Vision for Ethereum in the Next Decade:
At the Token2049 conference on September 18th, Ethereum co-founder Vitalik Buterin delivered a keynote titled "What Excites Me About the Next Decade." In his speech, Vitalik emphasized the importance of balancing Ethereum's growth towards mainstream adoption with its core values of open-source and decentralization.
To illustrate this vision, he highlighted six key areas:
- Wallet Security: Improving the security and usability of cryptocurrency wallets for mainstream users.
1.5 Decentralized Social Media User Experience: Creating a more user-friendly and decentralized experience for social media platforms.
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Payments: Making Ethereum a more seamless and efficient payment system for everyday transactions.
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Privacy Tools: Developing privacy-enhancing tools to protect user data on the Ethereum blockchain.
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ZK Social Media: Exploring the potential of zero-knowledge proofs (ZKPs) to build more private and secure social media platforms.
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Ethereum L1 Enhancements: Focusing on improvements to the Ethereum mainnet (L1) including:
- Orbit SSF: A new approach to state synchronization for faster and more efficient block propagation.
- Verkle Tree/Stateless Validation: Techniques to reduce the amount of data that nodes need to store and validate, making Ethereum more accessible and scalable.
- Solving MEV (Maximal Extractable Value) Problem: Addressing the issue of miners prioritizing their own profit over user transactions.
- Ethereum L1 ZK-SNARKs: Exploring the use of ZKPs to make Ethereum L1 more private and scalable.
- Light Clients: Developing lightweight clients that require minimal resources to participate in the Ethereum network.
