Ethereum co-founder Vitalik Buterin published a roadmap, in which he noted the main directions for the sustainable development of the second cryptocurrency in terms of capitalization.
He singled out three components that play a key role in maintaining the decentralization and permissionless properties of the ether:
- L2-scaling;
- strengthening the security of wallets;
- data privacy.
Buterin emphasized the importance of the first component – without it, Ethereum fees will rise during bull market phases. As a result, users will move to centralized alternatives.
Regarding the second point, Vitalik Buterin expressed the opinion that due to potential security issues, market participants may attach less importance to non-custodial storage of assets.
“Without a second [безопасность кошельков] Ethereum is failing because it is inconvenient for users to store their funds and non-financial assets – everyone is moving to centralized exchanges, ”he said.
He proposed the use of wallets based on smart contracts, using complex features like “social” recovery.
Buterin also emphasized the importance of the third point. In his opinion, without strong measures to ensure data privacy, users may refuse to use Ethereum. The latter can be prevented by implementing protocols that use the concept of hidden addresses.
Previously, Vitalik Buterin presented a roadmap focusing on scaling through zk-Rollups.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Ethereum co-founder Vitalik Buterin published a roadmap, in which he noted the main directions for the sustainable development of the second cryptocurrency in terms of capitalization.
He singled out three components that play a key role in maintaining the decentralization and permissionless properties of the ether:
- L2-scaling;
- strengthening the security of wallets;
- data privacy.
Buterin emphasized the importance of the first component – without it, Ethereum fees will rise during bull market phases. As a result, users will move to centralized alternatives.
Regarding the second point, Vitalik Buterin expressed the opinion that due to potential security issues, market participants may attach less importance to non-custodial storage of assets.
“Without a second [безопасность кошельков] Ethereum is failing because it is inconvenient for users to store their funds and non-financial assets – everyone is moving to centralized exchanges, ”he said.
He proposed the use of wallets based on smart contracts, using complex features like “social” recovery.
Buterin also emphasized the importance of the third point. In his opinion, without strong measures to ensure data privacy, users may refuse to use Ethereum. The latter can be prevented by implementing protocols that use the concept of hidden addresses.
Previously, Vitalik Buterin presented a roadmap focusing on scaling through zk-Rollups.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!