Buterin emphasizes Ethereum’s ideal encryption plan
Ethereum co-founder Vitalik Buterin (V God) recently made a hotly discussed comment, emphasizing the need for more innovation and idealism in the cryptocurrency community. Responding to a thought-provoking article by Joe Weisenthal, host of the Bloomberg “Odd Lots” Podcast, he said that the cryptocurrency community remains committed to promoting the vision of an open network.
Weisenthal mentioned in the article: “Crypto culture today is very different from what it was five or six years ago. There were still idealistic hippies talking about democracy on the blockchain, basic income, or the open web. Now, it’s all Finance and meme coins." Buterin responded that despite the popularity of meme coins today, there are still some projects that adhere to the original idealistic spirit.
Image source: X V God responded to Joe Weisenthal’s remarks
Innovative application examples: Farcaster and Lens Protocol
Buterin mentioned several representative innovative applications, including Farcaster, a social network built on the Optimism protocol. Although Farcaster has a small number of daily users, the protocol raised $150 million in funding earlier this year, demonstrating the potential society has for a decentralized social network. In addition, V God also mentioned Lens Protocol, which is a decentralized social network that allows users to truly own their own content.
Source: Rootdata Farcaster Financing Status
Buterin emphasized that the core concepts of Ethereum are decentralization and privacy protection. He mentioned the Gitcoin Grants program, a community fund distribution method based on quadratic voting that allows funds to be distributed according to the wishes of the broader cryptocurrency community. Additionally, he mentioned the concept of retrospective funding allocations, which would provide financial support to projects that have proven their worth.
Emphasize the importance of privacy and decentralization
In addition, Buterin’s emphasis on privacy protection is also reflected in his focus on zero-knowledge proofs (ZKPs) and zero-knowledge voting. These innovative technologies can verify the authenticity of transactions and votes while protecting user privacy. Buterin mentioned Zupass, a personal cryptocurrency management tool that allows users to conduct transactions without revealing their entire identity, further protecting the user's privacy.
Although the craze of meme coins has obscured these innovative projects of substantive significance to a certain extent, Buterin believes that the Ethereum community remains loyal to the original intention of decentralization and privacy protection. He called on developers and users to refocus on these long-term projects and promote continued innovation in the cryptocurrency industry.
The future of Ethereum
Buterin emphasized that the future of Ethereum lies in innovation and realizing the vision of a decentralized network. He pointed out that although the current cryptocurrency market is full of meme coins and speculation, truly valuable projects are still quietly developing. He called on developers not to be fooled by short-term market trends, but to focus on long-term technological innovation and social value.
In his vision, future decentralized applications (DApps) should pay more attention to user privacy, community participation and decentralized governance. Buterin’s comments provide an opportunity for reflection for the cryptocurrency industry. He emphasized that real innovation lies not only in technological breakthroughs, but also in the persistence of decentralization and privacy protection. In the future, only those projects that adhere to these core concepts can truly realize the vision of cryptocurrency and promote the sustainable development of the entire industry.
Through these innovative DApps and technologies, Ethereum is not only a blockchain platform, but also a community that realizes the vision of an open network. Under the leadership of Buterin, Ethereum will continue to lead the innovation of the cryptocurrency industry and provide users with a more secure and decentralized digital world.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
