On the final day of the Permissionless II conference, Vitalik Buterin told a large audience that builders looking for a niche could consider developing a new type of enterprise blockchain based on Ethereum.

The Ethereum co-founder commented on the progress being made in the adoption of account abstraction, especially from teams in East Asia building wallet software – part of a growth trend he sees as found in technical talent in the region.

“I remember five years ago, it certainly felt like East Asia had major exchanges and major mining operations, but very few of them contributed to the development and research sector. I feel like that's really changed massively, which is exciting.”

“Asia is back,” he added, noting “a deep community and level of technical engagement” that far exceeds previous times #COVID.

Construction opportunity

Buterin emphasized the ongoing need for software that makes transactions on blockchain more secure. For example, he mentioned a Fire browser extension that parses wallet signature requests into a more readable form.

“I think really going deeper into that space and building things that help users understand what they're doing when they interact with DeFi is probably an opportunity.”

He also emphasized the need for infrastructure that simplifies the transition from the Ethereum mainnet to a layer 2 ecosystem. Buterin cited the potential of a “Merkel proof verifier that essentially allows for now fully decentralized verification of ENS names on layer 2”, instead of relying on a centralized provider.

Finally, he calls for creating an “enterprise-centric stack that encourages businesses that are currently doing centralized things to instead build Validium,” a type of rollup that uses the data availability layer. 3rd party data instead of mainnet #Ethereum.

Buterin recalls the period from 2014 to 2019 when permission-seeking blockchains were disgruntled businesses, often structured as consortiums of companies.

These mostly fail, he says, because they still require the bulk of IT overhead to build and operate the blockchain and build a community around it.

“A pattern that I see happen over and over again is someone creates a consortium and the first five members happily join the consortium, starting to work together. But then, members 6 to 20 never showed interest because they didn't want to participate in an ecosystem that felt like it was dominated by the first 5 members.

Validium is able to maintain the benefits of centralized systems but still utilize most of the existing infrastructure built for layer 2 Ethereum.

“You still gain efficiency in keeping everything centralized because you don't have to pay any gas fees per transaction and you don't have to ask your IT department to completely rebuild the system.” , he explains, but others can verify certain information in a decentralized way.

Buterin added that exchanges publishing “proof of liquidity” – also known as proof of reserve – is a “weak” form of this idea, calling it an “enterprise blockchain use case”. successful business".

Other areas where Validium can shine in an enterprise context are gaming, social media and supply chain management, and opportunities will multiply as ZK (zero-knowledge) proofs become more popular.

“The ZK proof has finally reached the point where regular developers can come and build things on top of it without having to deeply understand what a polynomial is.”

https://tapchibitcoin.io/vitalik-buterin-ban-ve-xay-dung-trai-nghiem-defi-an-toan-tien-bo-hon.html