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Vitalik Buterin on Ethereum: Next 5 Years to Be Crucial

Vitalik Buterin believes that the next five years will be crucial for Ethereum. Speaking at ETHTaipei 2024, he expressed his thoughts on the future of Ethereum and its potential to bring real-world change.

Buterin admitted that he was caught off guard by the rise of NFTs and meme coins in the crypto scene. These phenomena were unpredictable five years ago. However, what truly excites him is the advancement of ZK technology, specifically zero-knowledge proofs. This technology enables users to prove ownership of assets without the need for additional operations.

Ethereum has been rapidly evolving, constantly merging and refining its code. With major corporations entering the crypto space, Buterin has been contemplating how to preserve Ethereum’s original vision. He believes that it is crucial for the community to establish common rules and ensure that diverse voices are heard in shaping Ethereum’s future. As Ethereum navigates the regulatory landscape set by governments, Buterin aims to uphold the platform’s spirit.

When asked about the inclusivity of non-English speakers in Ethereum, Buterin encourages their participation. He sees tremendous value in non-English speakers raising awareness about Ethereum in their native languages and actively engaging in discussions and voting. According to him, simply being present and getting involved is the right approach.

Buterin also advocates for the longevity of Ethereum, envisioning it as an industry standard. He is passionate about extending life and suggests that if he were to live forever, he would continue his work on Ethereum indefinitely.

In conclusion, Buterin emphasizes the importance of enhancing Ethereum’s technology, fostering community participation, and ensuring its impact in the real world. He envisions Ethereum as a platform for the people, and the next five years will undoubtedly shape its trajectory.