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Vitalik Buterin - The Most Influential Figure In Crypto
Vitalik Buterin - the most influential figure in crypto.
Knowing his vision = foreseeing market moves.
I spent 14 hours reading his recent articles and watching his interviews so you don't have to.
Here's his vision and current market takes 👇🧵
Before I begin, I have a favor to ask...
I spent a lot of time writing this thread, trying to make it genuinely useful for you, so if it's not too much trouble, please SAVE it, REPOST, leave a comment, or simply hit like 🤍
➮ Quick Overview:
✧ Vitalik created $ETH at 19
✧ His Net Worth now is $1B+ which makes him the youngest crypto billionaire according to Forbes
✧ He received WTN award in 2014 surpassing Mark Zuckerberg
✧ He's one of the most influential people in crypto
➮ His views 👇
1/➮ What Is Money
✧ Money is like a game where points can be transferred, serving as a way to store wealth, exchange value, and designate future payments
✧ It's also can be a symbol of power and social status for some people, essentially acting as a societal scoreboard
2/➮ Why Are There Thousands of Crypto
✧ I think the diversity is good, but the blockchain space is cluttered with too many similar platforms
✧ The focus should shift from quantity to quality, prioritizing meaningful and successful projects over mere quantity.
3/➮ The Future Of Crypto
✧ Some fiat currencies will remain strong and gradually become digitized.
✧ Crypto will play a vital role as an alternative if fiat currencies falter.
✧ For crypto to serve as a main form of value effectively, it needs significantly more price stability.
✧ While stables and other newer crypto aim for greater stability than BTC and ETH, achieving this remains a major challenge.
4/➮ Ethereum roadmap update
✧ The ETH roadmap has become more stable recently.
✧ Key developments include addressing staking centralization and redesigning the staking system to improve decentralization and efficiency.
✧ This involves necessary trade-offs to enhance performance.
✧ Progress continues in data availability, vertical trials, and sorting of the EVM, along with ongoing improvements to the EVM itself.
✧ There's no new functionality, but efforts remain focused on enhancing the existing system.
5/➮ Dencun upgrade
✧ EIP 4844 is a crucial step toward full denc sharding, which could increase data capacity to 16 megabytes per slot or more.
✧ Post-EIP 4844, transitioning to full denc sharding mainly involves parameter adjustments, such as modifying the maximum number of blobs.
✧ Future upgrades could potentially implement a voting system, eliminating the need for further hard forks.
✧ The changes required for full denc sharding don't affect ETH's consensus or execution but are limited to specific settings that manage data availability
6/➮ Ethereum Security
✧ For ETH L1, the primary security upgrade is enhancing the proof of stake to improve its decentralization
✧ For L2, the focus is on hardening the zk VMs to eliminate serious bugs
✧ On the user side, security involves keeping coins safe within wallets and during interactions with apps
✧ These aren't protocol changes but require wallets that proactively respond to various threats.
7/➮ L2 fragmentation
✧ L2 in ETH is designed to foster independent experimentation, such as creating a Solana rollup or using Fuel for parallelization without an EVM.
✧ However, there's also a pressing need for standardization and basic interoperability to ensure wallet functionality and token authenticity.
✧ Standardization in blockchain needs to be broader than just supporting private and public keys, yet more flexible than mandating an EVM for all platforms.
8/➮ Future of Ethereum
✧ ETH transitioned from proof of work and are advancing scalability with zk VMs and methods like Dank Sharding and plasma, ensuring ETH can handle user demand.
✧ Privacy solutions are evolving, enhancing user confidentiality without government oversight.
✧ Account abstraction is also gaining traction, improving wallet security.
✧ Additionally, decentralized social media is taking off, and "Sign in with ETH" is expanding, signifying a robust ecosystem.
➮ Liked this Article? I write educational content daily, so don't forget to:
✧ Follow me @Crypto PM
#VitalikButerin
#Whale.Alert
#WhaleAlert
#notcoin
#bitcoinhalving
Knowing his vision = foreseeing market moves.
I spent 14 hours reading his recent articles and watching his interviews so you don't have to.
Here's his vision and current market takes 👇🧵
Before I begin, I have a favor to ask...
I spent a lot of time writing this thread, trying to make it genuinely useful for you, so if it's not too much trouble, please SAVE it, REPOST, leave a comment, or simply hit like 🤍
➮ Quick Overview:
✧ Vitalik created $ETH at 19
✧ His Net Worth now is $1B+ which makes him the youngest crypto billionaire according to Forbes
✧ He received WTN award in 2014 surpassing Mark Zuckerberg
✧ He's one of the most influential people in crypto
➮ His views 👇
1/➮ What Is Money
✧ Money is like a game where points can be transferred, serving as a way to store wealth, exchange value, and designate future payments
✧ It's also can be a symbol of power and social status for some people, essentially acting as a societal scoreboard
2/➮ Why Are There Thousands of Crypto
✧ I think the diversity is good, but the blockchain space is cluttered with too many similar platforms
✧ The focus should shift from quantity to quality, prioritizing meaningful and successful projects over mere quantity.
3/➮ The Future Of Crypto
✧ Some fiat currencies will remain strong and gradually become digitized.
✧ Crypto will play a vital role as an alternative if fiat currencies falter.
✧ For crypto to serve as a main form of value effectively, it needs significantly more price stability.
✧ While stables and other newer crypto aim for greater stability than BTC and ETH, achieving this remains a major challenge.
4/➮ Ethereum roadmap update
✧ The ETH roadmap has become more stable recently.
✧ Key developments include addressing staking centralization and redesigning the staking system to improve decentralization and efficiency.
✧ This involves necessary trade-offs to enhance performance.
✧ Progress continues in data availability, vertical trials, and sorting of the EVM, along with ongoing improvements to the EVM itself.
✧ There's no new functionality, but efforts remain focused on enhancing the existing system.
5/➮ Dencun upgrade
✧ EIP 4844 is a crucial step toward full denc sharding, which could increase data capacity to 16 megabytes per slot or more.
✧ Post-EIP 4844, transitioning to full denc sharding mainly involves parameter adjustments, such as modifying the maximum number of blobs.
✧ Future upgrades could potentially implement a voting system, eliminating the need for further hard forks.
✧ The changes required for full denc sharding don't affect ETH's consensus or execution but are limited to specific settings that manage data availability
6/➮ Ethereum Security
✧ For ETH L1, the primary security upgrade is enhancing the proof of stake to improve its decentralization
✧ For L2, the focus is on hardening the zk VMs to eliminate serious bugs
✧ On the user side, security involves keeping coins safe within wallets and during interactions with apps
✧ These aren't protocol changes but require wallets that proactively respond to various threats.
7/➮ L2 fragmentation
✧ L2 in ETH is designed to foster independent experimentation, such as creating a Solana rollup or using Fuel for parallelization without an EVM.
✧ However, there's also a pressing need for standardization and basic interoperability to ensure wallet functionality and token authenticity.
✧ Standardization in blockchain needs to be broader than just supporting private and public keys, yet more flexible than mandating an EVM for all platforms.
8/➮ Future of Ethereum
✧ ETH transitioned from proof of work and are advancing scalability with zk VMs and methods like Dank Sharding and plasma, ensuring ETH can handle user demand.
✧ Privacy solutions are evolving, enhancing user confidentiality without government oversight.
✧ Account abstraction is also gaining traction, improving wallet security.
✧ Additionally, decentralized social media is taking off, and "Sign in with ETH" is expanding, signifying a robust ecosystem.
➮ Liked this Article? I write educational content daily, so don't forget to:
✧ Follow me @Crypto PM
#VitalikButerin
#Whale.Alert
#WhaleAlert
#notcoin
#bitcoinhalving
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