“Ethereum co -founder Vitalik Butherin said that the priority of the project for the next ten years is to ensure stable operation of the network to preserve digital autonomy of users. He said this live on the occasion of the decade of launching the main network of the second on the capitalization of cryptocurrency. According to Butherin, over the decades the developers have been able to implement a lot of described in White Paper. “In the document […]”, – WRITE: Businessua.com.ua
Ethereum co -founder Vitalik Butherin stated that the priority of the project for the next ten years is to ensure stable operation of the network to preserve digital autonomy users. He said this live on the occasion of the decade of launching the main network of the second on the capitalization of cryptocurrency.
According to Butherin, over the decades the developers have been able to implement a lot of described in White Paper.
“The document refers to Defi, a decentralized domain name system – and now we have ENS. Although nft was not mentioned there, they occupied their niche. Some ideas did not work at first, but they are gaining momentum, including markets for predictions, ”he said.
Butherus added that Ethereum should continue to promote the creation of applications that “move humanity forward and improve cooperation” while protecting the digital rights of users.
What do market players say In honor of the anniversary of Ethereum, the representatives of the industry shared forecasts on the future network. In the comment of Cointelegraph, the chief economist Consensys Malls Pay said:
“In the next five to ten years, Ethereum will turn from a platform of smart contracts into the basis of a new global economy.”
According to him, this will be facilitated by tokenization, which will begin with steiblcoins. The involvement of institutional and corporate developers will also be important.
CEO Gamesquare Justin Kenne called Ethereum “the most promising digital asset” and added that the network will be the basis for payments, gaming and brand interaction with users.
OP Labs Sam Macinweile predicts that in the coming years, “big companies will switch to air”.
“Ethereum will open the way to SI agents for autonomous transactions, new social networks and game economies. The driver is a community of developers, ”Dalal from Coinbase added.
Threat from quantum calculations One of the key calls for Ethereum is resistance to quantum attacks. According to Mysten Labs, ECDSA networks, including Ethereum and Bitcoin, are less protected from such threats.
In March, Butherin proposed protection with the help of a “recovery form”, which involves the transition to account abstraction and the introduction of quantum -resistant signatures such as Winternitz and Stark.
On July 31, developer Justin Drake presented an Ethereum modernization plan called “Lean Ethereum”, which has:
- protect the network from quantum computing;
- Simplify the technology stack – consensus, processing and execution of smart contracts.
