#etherreum co-founder #VitalikButerin unveiled his vision for Ethereum's future at the 10th Global Blockchain Summit. This major event, held on October 17, 2024, in Shanghai, provided important insights into the direction Ethereum is heading.
Ethereum's Journey: From Its Beginnings to the Present
In his speech, Buterin reflected on how Ethereum has evolved since its launch in 2015. From a small blockchain platform, it has grown into a powerful decentralized network supporting #DEFİ , #NFTs. , and many other blockchain-based applications.
"Since the beginning, our focus has always been on improving Ethereum’s technology," Buterin noted, recalling the critical transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022. He highlighted that areas such as scalability, privacy, and security have been at the forefront of Ethereum’s development over the past decade.
Reaching 100,000 TPS: Ethereum's Scalability Goal
One of the key points in Buterin’s speech was the ambitious plan for Ethereum to reach over 100,000 transactions per second (TPS) through Layer 2 (L2) solutions. He pointed out the progress already made in reducing transaction costs and improving confirmation times.
Transaction fees, which in 2020 and 2021 ranged from $5–10 USD, and in some cases reached as high as $800 USD, were reduced to just $0.01 USD in 2023 thanks to L2 solutions. This improvement is critical for Ethereum’s future mass adoption.
Fast Cross-Chain Transactions: The Future of Interoperable Blockchains
Buterin also outlined how Ethereum plans to enhance interoperability between blockchains. The goal is to reduce cross-chain transfer times to 2 seconds, providing users with a seamless and fast experience when transferring assets across different blockchains.
Improving User Experience and Global Adoption
Buterin emphasized that improving user interfaces will play a key role in making decentralized applications (dApps) more accessible to the public. Ethereum is focusing on markets like Argentina and Turkey, where digital currency adoption is growing. In these countries, over 10% of the population already owns cryptocurrencies, creating a huge opportunity for expanding dApps usage.
Prioritizing Cross-Chain Security
While the Ethereum Virtual Machine (EVM) remains a crucial part of the platform's infrastructure, Buterin pointed out that the future focus will shift towards cross-chain security. As Ethereum expands and integrates with other blockchains, ensuring secure interactions between them will be essential for the platform's long-term success.
The Future of Ethereum
Buterin's vision for Ethereum includes massive scalability, fast cross-chain transactions, improved user experiences, and greater emphasis on security. With these advancements, Ethereum is poised to remain a leader in the blockchain space and continue driving innovations that will shape the next generation of decentralized technology.
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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.“

Transaction speed is becoming a crucial factor across many industries, from finance to gaming. Fast transaction processing opens new opportunities in areas such as cross-border payments and supply chain management. Additionally, NFTs and the gaming industry benefit from quick transactions, especially when trading digital assets.
Financial Services and Trading
The financial market is one area where fast and efficient transaction processing plays a vital role. High-frequency trading relies on quick execution of trade orders, allowing investors to take advantage of market opportunities. Current exchanges, including Bitcoin exchanges, are working to minimize latency since even millisecond differences can impact profits and losses.
Cross-Border Payments and Transfers
Cross-border money transfers used to be time-consuming and expensive. With new technologies, it's now possible to perform cross-border transactions faster, which is crucial for migrant workers sending money home to their families. Faster delivery of funds can significantly improve their lives and enhance the economic well-being of their loved ones.
Supply Chain Management
In the supply chain management sector, it's essential to ensure transactions are processed as quickly as possible. Fast payments and product tracking enable companies to reduce inventory and minimize downtime. This leads to lower costs and higher customer satisfaction as products are delivered faster.
Decentralized Finance (#DEFİ )
DeFi is a young financial sector that requires fast transactions to offer financial services without intermediaries. Whether it’s lending or yield farming, quick contract execution is the foundation of every decentralized platform.
Gaming and #NFTs. : A New Era of Digital Ownership
The gaming industry and the world of NFTs are unexpected areas that benefit from fast transaction processing. New digital assets, recorded on the blockchain, are widely used in games, art, and collectibles. Transaction speed supports smooth trading and transfers of digital asset ownership.

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#transactions , #digitalpayments , #GamingIndustry
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.“

$CFX
Conflux (CFX) has been quietly simmering under the radar, but is it about to erupt?
#CFX/USDT
China Connection: 🇨🇳 Developed by a team with ties to top Chinese universities, CFX boasts regulatory compliance that could be a major advantage in the world's second-largest economy. This "China factor" has some investors buzzing.Speed Demon: ️ CFX claims to be a next generation blockchain, capable of processing transactions WAY faster than grandpa Bitcoin. This scalability could be a game-changer for mass adoption of crypto.Big Name Partnerships: Conflux has already partnered with giants like https://en.wikipedia.org/wiki/Xiaohongshu (China's Little Red Book) to enable users to showcase their #NFTs. More partnerships could be on the horizon.Price on the Rise: While not quite a moon mission yet, CFX has seen a steady climb in price recently. Is this just the beginning?
Hidden Dragon?: While China's connection is intriguing, it also comes with uncertainty. China's ever-changing regulations could pose a risk.Real-World Use Cases: CFX has the potential, but are there enough concrete applications yet? Investors are looking for real-world adoption.
Nobody knows for sure. Do your research and be aware of the risks involved in any cryptocurrency investment. But one thing's for sure: Conflux is a project to keep an eye on.
So, what do you think? Is CFX the next big thing, or just another crypto pipe dream? Let us know in the comments! #HotTrends #China