According to Odaily, Ethereum co-founder Vitalik Buterin outlined the network's advancements and future vision at Devcon 2024 in Bangkok, focusing on decentralization, scalability, and inclusivity. In his keynote speech, Buterin described Ethereum as the "world computer," serving as a foundational platform for a diverse digital economy. He emphasized its role in fostering a globally decentralized economy that supports a vast on-chain ecosystem.
Buterin highlighted Ethereum's journey from its inception to becoming the foundational technology for various applications. He noted the transition from Proof of Work (PoW) to Proof of Stake (PoS) as a significant milestone. This shift has reduced the network's energy consumption while enhancing security and decentralization. He stressed that Ethereum's PoS framework is crucial for creating fair systems, allowing for more decentralized control of the platform.
