VitalikButerin

Ethereum co-founder Vitalik Buterin has introduced a comprehensive nine-step roadmap aimed at significantly improving privacy for users on the Ethereum blockchain. Shared in a detailed April 10 blog post, Buterin’s plan outlines a “maximally simple L1 privacy roadmap” that can enhance user confidentiality without overhauling Ethereum’s consensus mechanism.
Shielded Balances and Private Transfers by Default
At the heart of Buterin’s proposal is integrating shielded balances directly into popular Ethereum wallets. These balances would enable users to send private transactions by default, eliminating the need for third-party privacy wallets.
“Wallets should have a notion of a shielded balance,” Buterin explained, adding that there should be a “send from shielded balance” feature, ideally switched on automatically. Tools like Privacy Pools and the Railway Private DeFi Wallet inspire the model.
One Address Per App: Privacy vs. Convenience
Buterin also proposed adopting a “one address per application” standard to reduce linkability between different apps used by the same person. While acknowledging this change would create some “significant convenience sacrifices,” he believes it’s a crucial step to achieving default privacy across the Ethereum ecosystem.
This approach is well-suited for in-app wallets and mimics workflows used in cross-chain interoperability, such as depositing funds from multiple sources into a different chain.
To support this privacy-centric architecture, send-to-self transfers would need to become privacy-preserving by default.
Short-Term and Long-Term Infrastructure Changes
To enhance privacy in the short term, Buterin recommends integrating Trusted Execution Environment (TEE)-based RPC privacy into wallets. However, he clarified that TEEs are not a permanent solution and should eventually be replaced by Private Information Retrieval (PIR) — a more robust cryptographic method that is currently not scalable for large datasets.
In the interim, Buterin suggests users connect to multiple RPC nodes—potentially through a mixnet—with a different RPC node for each decentralized application (DApp).
Developer-Friendly Tools and Shared Proof Systems
Buterin’s roadmap also calls for streamlined development support for privacy-enhancing platforms like Tornado Cash and Railway, proposing new tooling and architecture that facilitate easier operation and maintenance of privacy protocols.
Moreover, he suggests working on infrastructure that allows multiple private transactions to share a single on-chain proof, which could reduce costs and improve scalability for privacy-focused applications.
The End Goal: Resilient Privacy Against RPC-Level Attacks
Ultimately, the roadmap aims to shield user activity from adversaries, including those operating RPC nodes. Buterin also touched on the importance of developing privacy-preserving keystore wallets as part of the broader effort to bolster Ethereum’s privacy model.
The post appeared first on CryptosNewss.com
#Vitalik #VitalikButerin #Ethereum $ETH

Back in May 2021, Ethereum co - founder Vitalik Buterin made a move that sent shockwaves through the crypto world. He burned 410 trillion Shiba Inu tokens! This was one of the most colossal transactions in crypto history, and it got everyone talking. But here's an interesting thought experiment: what if someone had decided to invest $1,000 in SHIB right after this earth - shattering event? Well, the outcome might surprise you! 😮

## 🔥 Vitalik's Legendary Token Burn: The Inside Story
On May 16, 2021, Vitalik Buterin took a massive step. He sent 410 trillion SHIB tokens, which would be worth nearly $5 billion today, to a dead address. By doing this, he effectively removed these tokens from circulation. He explained that he didn't want to hold so much power over the Shiba Inu project. Later, he even donated his remaining SHIB tokens to various charities. It was a noble act that had a huge impact. 🌟

Coinbase’s CEO was so impressed that he called it “the largest on - chain transaction in history.” This single act brought in a flood of new investors to Shiba Inu. Everyone thought this was the start of something big for SHIB. But as it turns out, not all those who jumped on the bandwagon at that time are happy with their decision today. 😕

## 📉 The Investment Scenario: What If You'd Bought After the Burn?
On the very day of Buterin’s burn, SHIB was trading around $0.000016. Let's say an investor decided to take the plunge and put in $1,000. At that price, they would have received approximately 62.5 million SHIB tokens. It seemed like a great deal at the time, right? 🤔

Fast forward to today. SHIB is priced at roughly $0.00001219. So, that huge stash of 62.5 million SHIB tokens is now only worth $761. Ouch! That's a loss of nearly 24%. It shows that even after such a significant event like the token burn, investing in SHIB didn't guarantee a profit. In fact, it led to a loss for those who invested right after. 😭

## 💡 Unraveling the Mystery: Why Didn't SHIB Boom?
Many people initially thought that Buterin’s burn was the main reason SHIB's price would skyrocket. However, analysis from the burn tracker Shibburn tells a different story. It turns out that the massive retail demand in 2020 and early 2021 was the real driver behind SHIB's price increase. This happened long before the burn even took place. 🤯

For instance, between January 1, 2021, and May 10, 2021, SHIB went on an absolute tear. It soared from $0.000000000074 to $0.00003738. That's a mind - blowing +50,513,413% gain! If someone had invested $1,000 during that period, their investment would have turned into more than $500 million in just five months. It's like a fairytale for investors, but it shows that the real growth spurt happened before the burn. 🌈

## 📊 The Key Takeaway from the SHIB Saga
The story of SHIB is a prime example of how crucial timing is in the world of cryptocurrency. Even an event as monumental as a massive token burn doesn't always translate into guaranteed profits. The crypto market is like a complex puzzle, and often, the market anticipates events. By the time a big news story like the token burn hits the headlines, the biggest profit - making opportunities may already be in the rearview mirror. 🚗

So, the next time you're thinking about investing in crypto, remember the SHIB story. It's a reminder that you need to do your research, understand market trends, and be careful about when you jump in. 🔍

**#shiba⚡ #Shibarium #VitalikButerin #CryptoNewsCommunity #memecoin🚀🚀🚀
⚠️ Disclaimer: The information and views in this article are for educational purposes only. Do not use them as investment advice. Investing in cryptocurrencies is risky. Always do your own research! 🕵️♂️🚨

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When Ethereum co-founder Vitalik Buterin burned 410 trillion Shiba Inu tokens in May 2021 — one of the largest transactions in crypto history — it caused massive waves in the community. But what if someone had invested $1,000 in SHIB right after that? The results might not be as impressive as you'd expect.

🔥 Vitalik’s Legendary Transaction: What Really Happened?
On May 16, 2021, Vitalik Buterin sent 410 trillion SHIB (worth nearly $5 billion today) to a dead address, effectively removing them from circulation. He stated he didn’t want to hold such power over the project and later donated his remaining SHIB tokens to various charities.
The transaction was so impactful that Coinbase’s CEO called it “the largest on-chain transaction in history.” And while this moment brought a flood of new investors to Shiba Inu, not all who bought in then are celebrating today.

📉 What If You Invested Right After the Burn?
On the day of Buterin’s burn, SHIB was trading around $0.000016. An investor putting in $1,000 at that price would’ve received about 62.5 million SHIB tokens.
Today, with SHIB priced at roughly $0.00001219, that stash would be worth only $761 — a loss of nearly 24%.

💡 Why Didn’t It Boom?
Many assume Buterin’s burn was the primary trigger for SHIB’s rise. But analysis from burn tracker Shibburn suggests otherwise: it was the massive retail demand in 2020 and early 2021 that drove prices up — before the burn ever happened.
For example, between January 1, 2021 and May 10, 2021, SHIB skyrocketed from $0.000000000074 to $0.00003738 — a jaw-dropping +50,513,413% gain. A $1,000 investment at that time would’ve turned into more than $500 million in just five months.

📊 What’s the Takeaway?
The story of SHIB is a perfect example of how timing is everything in crypto. Even monumental events like a massive token burn don’t always guarantee profit. The market often reacts in advance, and by the time headlines hit, the biggest gains may already be gone.

#SHIB , #Shibarium , #VitalikButerin , #CryptoNewsCommunity , #memecoin

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“