Web Three - Does Everything Need to Be Decentralized?

Vitalik Buterin wrote the Ethereum white paper when he was just 19. His aim was simple yet comprehensive, to create a ‘world computer’ that was designed to be a flexible base layer for all online applications without the need of any third party. Since its inception in 2015, Ethereum has become the most active and largest smart contracts platform, but has it achieved the ‘world computer’ goal?

Vitalik says yes and no. In the interview, it’s clear that to him, it’s almost a given that Ethereum will achieve this goal. The bigger concern is not whether the network becomes a settlement layer and decentralized engine for smart contracts used globally, but how much value and impact applications running on top of it will bring.

Thanking our podcast sponsors:

• Zerion Zerion is Mission Control for Web3: an intuitive DeFi portfolio manager, multichain tracking & trading and the best place to show off your NFT collection
• Oasis is a leading, scalable, and privacy-enabled, layer-1 blockchain, ideal for DeFi. Learn More
• ICHI enables crypto projects to create a sustainable economy that attracts users and keeps value locked in your community
• Eden Rocket RPC, providing the fastest private transactions on Ethereum (90%+ hashrate). Trade better anywhere on Ethereum with Eden Rocket RPC.