Ethereum co-founder Vitalik Buterin recently discussed Ethereum’s progress and his vision for a more inclusive, scalable, and decentralized network.
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He portrayedEthereumas 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.
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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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Further, he underscored the benefits of Ethereum’s PoS model, which prioritizes accessibility and inclusivity. This framework reduces dependency on energy-intensive mining, making it easier for a diverse community to participate in securing the network. According to Buterin, Ethereum’s PoS system is central to creating a more decentralized and equitable platform.
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.
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