Ethereum
Vitalik Buterin Reveals the Future of Ethereum and “Free Internet?”
Arman Shirinian
Vitalik Buterin clearly hints at the vector that Etheruem is aiming for
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Vitalik Buterin, the co-founder of Ethereum, recently participated in a discussion on X (formerly Twitter), highlighting the future of Ethereum and the ambitious goal of building a free and open Internet. This interaction, initiated by a tweet from Josh Stark, presented a diagram illustrating different states of mind within the crypto community, ranging from definite optimism to indefinite pessimism.
Josh Stark’s diagram categorizes mindsets into four quadrants: certain optimism, indefinite optimism, certain pessimism, and indefinite pessimism. Stark characterized “Crypto Twitter” as oscillating between indefinite optimism and pessimism, which perfectly highlights the bouncing community sentiment that builds on most of the industry’s minor movements. In response, Buterin emphasized the importance of a certain optimism, especially in the context of “crypto farcaster” and “Lens.”
Cryptocurrency farcaster and Lens are platforms that embody a certain optimism by actively working towards a decentralized and open Internet.
Ethereum/USD chart by TradingView
Buterin’s message is clear: the ultimate goal of the crypto movement is to create a free and open Internet. He cautioned against getting lost in theoretical discussions and stressed the need for practical application of blockchain technologies. We have already seen technology working as a decentralization tool in various digital domains. With EthereumWith Buterin’s role in the market declining, Buterin’s call could be a signal for developers to step up their efforts to create useful apps for users.
However, Ethereum’s recent performance has been somewhat rocky. Although Bitcoin reached new all-time highs, Ethereum struggled to surpass its previous ATH. The second-largest cryptocurrency by market capitalization has faced resistance and volatility, reflecting broader uncertainty in the market. This struggle highlights the importance of Buterin’s message: the need for continued innovation and practical applications to move the ecosystem forward.
About the Author
Arman Shirinian
Arman Shirinyan is a trader, crypto enthusiast and SMM expert with over four years of experience.
Arman strongly believes that cryptocurrencies and blockchain will be of constant utility in the future. Currently, it focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.