Vitalik Buterin Reveals Ethereum’s Future; BlackRock Sets New Price Target

Investing.com – Ethereum co-founder Vitalik Buterin recently laid out his long-term vision for the network’s future, generating excitement in the blockchain community. At the same time, the world’s largest asset manager, BlackRock (BVMF:BLAK34) (NYSE:BLK), has made a significant shift in its cryptocurrency strategy, with analysts speculating that Ethereum’s price could reach as high as $25,992,552,228,86,000. But what do these moves mean for the world’s second-largest cryptocurrency?

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Vitalik Buterin reveals Ethereum’s future; BlackRock Sets New Price Target

Marco Oehrl

Author

Marco Oehrl

Published 10/14/2024, 12:54 PM

Vitalik Buterin Reveals Future of Ethereum; BlackRock Sets New Price Target

© Reuters

BLK

1.54%

ETH/USD

-0.31%

Investing.com – Ethereum co-founder Vitalik Buterin recently outlined his long-term vision for the future of the network, generating excitement in the blockchain community. At the same time, the world’s largest asset manager, BlackRock (BVMF:BLAK34) (NYSE:BLK), has made a significant shift in its cryptocurrency strategy, with analysts speculating that the price of Ethereum could reach as high as $2599,255,228,86,000. But what do these moves mean for the world’s second-largest cryptocurrency?

Buterin highlighted the success of Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS), known as “The Merge.” The focus now is on increasing staking participation, and the next important step would be to reduce the minimum deposit required from 32 ETH to 1 ETH. This would democratize access to staking and strengthen the network’s security.

Buterin also proposed improvements to the signature aggregation protocol and the introduction of new infrastructure mechanisms to achieve the network’s long-term goals.