🚀 Making #Vitalik Buterin's Cyberpunk Dream Come True on Ethereum 🌐
Vitalik Buterin, the visionary co-founder of Ethereum, has raised the flag of cyberpunk and invites us all to join the cause. In his recent post “Make Ethereum Cypherpunk Again,” Buterin urges us to return to the core values of blockchain: decentralization, open participation, censorship resistance, and credible neutrality.
In his call to action, Buterin highlights the importance of breaking the trend of "degenerate gamers" who divert attention towards memecoins and NFTs, moving away from the cypherpunk essence. But what is the shining beacon that illuminates the path to this renaissance?
🌐 ENS: The Fundamental Pillar of #Web3 🏛️
Amid the search for authenticity, Ethereum Name Service (ENS) emerges as a true non-financial on-chain use case. Nick Johnson, founder and lead developer of ENS, highlights its importance as a cypherpunk beacon in the vast Ethereum ecosystem.
ENS not only customizes Ethereum addresses, but stands as the gateway for Web2 companies scaling to Web3. With a focus on inclusivity and self-determination, ENS embodies the original vision of Ethereum.
🚀 Challenges and Promises of Ethereum 💡
Buterin points to high transaction fees as an obstacle, but acknowledges that Ethereum is at a crossroads. The move to proof-of-stake in 2022 was a bold step, but the network is still struggling to meet growing demand. The promise of reaching up to 100,000 transactions per second is the horizon that Ethereum seeks to conquer.
💪 The Road to Travel 🌈
Although the road to a cyberpunk Ethereum may be long, the community is confident that the network is headed in the right direction. Barney Mannerings, co-founder of Vega Protocol, highlights the importance of Buterin's vision and the need to build towards it.
DYOR and like for more!
