Vitalik Buterin Listed the Places Where Cryptocurrencies Are Used in Daily Life!
Ethereum co-founder Vitalik Buterin shared the areas where he believes cryptocurrencies can be used in daily life.
In his post shared via Twitter on June 12, Vitalik Buterin listed various areas in which he believes cryptocurrencies can be used in daily life.
In his post published under 7 headings, Buterin drew attention to the importance he attaches to zero knowledge technology.
#VitalikButerin stated that with zk-SNARKS technology, identity and identification information can be verified securely and confidentially in daily use, and that cryptocurrencies can also be used in peer-to-peer (P2P) cross-border payments by charging very low fees and improving the user experience.
On the other hand, stating that cryptocurrencies can also be used for decentralized social media platforms, the Ethereum founder also touched upon the success of cryptocurrencies in terms of privacy. Although Vitalik Buterin, who also includes zk Validiums technology, does not give a clear example, this technology can be used to ensure data integrity and security in corporate applications.
Finally, #VitalikButerin , who included a censorship-based voting system, implied that secret and secure voting systems could be made with this example.
