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Vitalik Buterin shares practical uses of crypto in everyday life
The post Vitalik Buterin shares practical uses of crypto in everyday life appeared on BitcoinEthereumNews.com. Vitalik Buterin, the co-founder of Ethereum, has shared his thoughts on how cryptocurrencies can be used in everyday life. He provided a clear vision for the practical applications of crypto, moving beyond the hype of memecoins, which he has been criticizing recently. Also Read: Vitalik Buterin Shares Plans to Improve Ethereum’s Decentralization Buterin listed several areas where he believes crypto can make a real difference. His focus includes zk reputation/identity/credentials, peer-to-peer cross-border payments with lower fees, decentralized social networks, prediction markets, privacy, enterprise applications via zk validiums, and zk + censorship-resistant voting. Buterin shares his vision for crypto Buterin addressed these points in response to a post on X. The post questioned the dominance of memecoins and highlighted the expanded functionality of crypto. It read: I understand why memecoins can have a moment. But how is it still the dominant narrative? Every cycle has expanded the functionality and reach of crypto. The post went on to list the positives of crypto, such as decentralized, tamper-proof money, p2p cross-border payments, programmable money, permissionless financial services, and digital asset ownership. The user expressed frustration with the lack of compelling visions for memecoins, stating, “Sure, they’re entertainment products and a new avenue of monetizing attention. But that doesn’t feel as enduring or inspiring as previous metas.” He said he was open to changing his mind but felt memecoins were draining energy from the crypto market. Buterin then responded with a list of practical uses for crypto. He emphasized zk reputation/identity/credentials, which can help create secure and private digital identities. Next on Buterin’s list was peer-to-peer cross-border payments. He highlighted that these payments come with much lower fees and are quickly improving in user experience. Also Read: Vitalik Buterin Cautions Community Against Crypto Scams Buterin also mentioned decentralized social networks. These platforms can provide…
The post Vitalik Buterin shares practical uses of crypto in everyday life appeared on BitcoinEthereumNews.com.
Vitalik Buterin, the co-founder of Ethereum, has shared his thoughts on how cryptocurrencies can be used in everyday life. He provided a clear vision for the practical applications of crypto, moving beyond the hype of memecoins, which he has been criticizing recently. Also Read: Vitalik Buterin Shares Plans to Improve Ethereum’s Decentralization Buterin listed several areas where he believes crypto can make a real difference. His focus includes zk reputation/identity/credentials, peer-to-peer cross-border payments with lower fees, decentralized social networks, prediction markets, privacy, enterprise applications via zk validiums, and zk + censorship-resistant voting. Buterin shares his vision for crypto Buterin addressed these points in response to a post on X. The post questioned the dominance of memecoins and highlighted the expanded functionality of crypto. It read: I understand why memecoins can have a moment. But how is it still the dominant narrative? Every cycle has expanded the functionality and reach of crypto. The post went on to list the positives of crypto, such as decentralized, tamper-proof money, p2p cross-border payments, programmable money, permissionless financial services, and digital asset ownership. The user expressed frustration with the lack of compelling visions for memecoins, stating, “Sure, they’re entertainment products and a new avenue of monetizing attention. But that doesn’t feel as enduring or inspiring as previous metas.” He said he was open to changing his mind but felt memecoins were draining energy from the crypto market. Buterin then responded with a list of practical uses for crypto. He emphasized zk reputation/identity/credentials, which can help create secure and private digital identities. Next on Buterin’s list was peer-to-peer cross-border payments. He highlighted that these payments come with much lower fees and are quickly improving in user experience. Also Read: Vitalik Buterin Cautions Community Against Crypto Scams Buterin also mentioned decentralized social networks. These platforms can provide…
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