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Vitalik Buterin Sets New Bullish Milestone for the Year Ahead

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.

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.

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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.

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.

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