Vitalik Buterin, Ethereum’s co-founder, expresses his excitement over recent developments in the world of crypto, particularly in the Ethereum ecosystem. He highlights the growth of Layer 2 scaling solutions, which have seen significant adoption and are helping to reduce Ethereum’s transaction fees. He also notes the increase in cross-rollup and cross-shard communication, which are key to Ethereum’s future scalability.
Buterin also discusses the rise of Decentralised Autonomous Organisations (DAOs), which he believes are becoming more sophisticated, and the increasing interest in public goods funding. He points out the potential of Quadratic Funding, a mechanism for democratising public goods funding, which has been successfully utilised in projects like Gitcoin.
Furthermore, Buterin mentions the progress in the Ethereum merge, which aims to transition Ethereum from Proof of Work to Proof of Stake, and the emergence of zero-knowledge proofs as a privacy and scalability solution. He also touches on the increasing social acceptability of crypto and the growing interest in blockchain among traditional institutions.
Lastly, Buterin acknowledges the challenges ahead, such as the need for further decentralisation and the reduction of crypto’s carbon footprint. He remains optimistic, however, about the potential of crypto to bring about a more open, fair, and efficient world.
Go to source article: https://vitalik.eth.limo/general/2022/12/05/excited.html