Bankless 21 - Ethereum: Past, Present, Future | Vitalik Buterin
Jul 13, 2020
Vitalik Buterin, co-founder of Ethereum and a key player in decentralized tech, shares insights on the platform's evolution. He reflects on Ethereum’s journey, highlighting its community as a vital asset. Topics include the balance between DeFi's promise and pitfalls, the concept of Ethereum as a 'triple-point asset,' and the need for independence in the ecosystem. Vitalik also discusses the future of crypto in a divided digital world, emphasizing collaboration as the path forward. Ultimately, he sparks a conversation on building a better digital civilization.
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Ethereum's Beta Status
- Ethereum is still in beta in its 1.x version, despite significant economic activity and real-world impact.
- Vitalik Buterin's leadership remains valuable, especially in this beta phase, for guiding the project's development and ensuring its success.
Early Ethereum
- Vitalik Buterin recalls Ethereum's early days, reflecting on its smaller team and simpler milestones.
- Microsoft's initial involvement felt like a major achievement, highlighting the project's growth.
Technological Advancements
- Ethereum's technological progress is evident in various areas like Proof of Stake and Layer 2 scaling solutions.
- The understanding of different scaling categories and the development of ETH 2.0 demonstrate significant advancements.