Vitalik Buterin, a Russian-Canadian computer programmer and entrepreneur best known as a Co-founder of Ethereum, has highlighted what his intentions are concerning encompassing growth in the crypto market in 2023.
Buterin said he plans to reach the “basic roll-up scaling” milestone in his roadmap diagram. Buterin stated this while replying to a Twitter post made by Balaji S. Srinivasan, an American entrepreneur and former Chief Technology Officer at Coinbase.
Reaching the "basic rollup scaling" milestone in my roadmap diagram.
That means:
* EIP-4844 rolled out
* Rollups partially taking off training wheels, at least to "stage 1" as described here https://t.co/qNQonDQkzG pic.twitter.com/7HePctWw1l— vitalik.eth (@VitalikButerin) December 31, 2022
In the post, Balaji put out a question asking his followers to state what they are bullish on in 2023. The Ethereum Co-founder went on to explain what is in his roadmap diagram. Buterin said he plans to roll out the Ethereum Improvement Proposal (EIP) – 4844 and Rollup projects which have already been developed to at least stage 1 phase.
The implementation of EIP-4844 is the first step in sharding the Ethereum network to enhance capacity and lower gas costs. Buterin stated in a writing to the Fellowship of Ethereum Magicians that he is already developing many optimistic and ZK rollup projects.
He highlighted that Rollups should have a clear plan for removing the training wheels, but they should only do it when they are prepared.
Vitalik Buterin’s Contribution to the Crypto Industry
Buterin’s main contribution to the cryptocurrency industry is the creation of Ethereum, which has grown to become one of the most popular blockchain platforms. Ethereum enables developers to create and deploy decentralized applications on the Ethereum blockchain, and it has helped popularize the concept of smart contracts.
Buterin has also made significant contributions to the advancement of blockchain technology in general and has been a prominent figure in the cryptocurrency community through his writing and public speaking. Buterin claimed that Ethereum is not a security in a Twitter post about The Merge.
It's amazing how some PoW proponents just keep repeating the unmitigated bare-faced lie that PoS includes voting on protocol parameters (it doesn't, just like PoW doesn't) and this so often just goes unchallenged.
Nodes reject invalid blocks, in PoS and in PoW. It's not hard. https://t.co/vLEWWsWIsG
— vitalik.eth (@VitalikButerin) July 12, 2022
While commenting on the collapse of the insolvent FTX exchange, Buterin stated that there has never been any doubt about the dependability of shared networks or the technology underlying the Bitcoin market. The issue in this case, as in many others, is with people, not computers.
Buterin also commented on crypto regulations, stating that he is somewhat relieved that regulators continue to reject requests for crypto exchange-traded funds (ETFs). Buterin emphasized that the crypto industry is still in its early stages of institutional adoption due to the need for a comprehensive regulatory framework to control the market.
Another maybe-controversial take of mine is that I don't think we should be enthusiastically pursuing large institutional capital at full speed. I'm actually kinda happy a lot of the ETFs are getting delayed. The ecosystem needs time to mature before we get even more attention.
— vitalik.eth (@VitalikButerin) October 30, 2022
