7:00 a.m. ▪
3
min reading ▪ by
Fenelon L.
Vitalik Buterin sees a concrete future for cryptos in many areas of daily life. In a recent publication, the co-founder of Ethereum listed several areas where crypto could emerge as innovative solutions this cycle. Here are the promising areas he identified!
A decentralized and secure web thanks to crypto
In a recent Twitter post, Vitalik Buterin outlined the multiple promising use cases for cryptos, going well beyond the simple speculative framework.
Among the priority areas he has https://twitter.com/WuBlockchain/status/1800879081506164974?t=eZ2r-ZYV6g6LB6NwlqNETQ&s=19we find decentralized management of digital reputation and identity thanks to zero-knowledge (zk) proofs.
This approach would allow users to have full control over their personal data, without having to trust a central entity.
The Ethereum co-founder also sees strong potential for cross-border peer-to-peer (P2P) payments at very low costs, providing an improved user experience.
Buterin also highlights decentralized social networks as emancipatory platforms. By distributing control into the hands of users, these social networks would avoid the bias and censorship that today’s centralized web giants suffer from.
New, more transparent marketplaces
Vitalik Buterin also sees a promising future for decentralized prediction markets. According to him, these platforms will really become usable and adopted in this current cycle. They would then allow transparent predictions on major events, without going through a centralized intermediary.
In the area of data privacy, the Ethereum co-founder strongly encourages the development of enterprise applications based on “zk validiums”. This technology would combine both strong privacy and massive scaling.
Among the exciting prospects, Buterin is also banking on the advent of censorship-resistant electronic voting, made possible by zk proofs. A guarantee of strengthening the reliability and transparency of democratic processes.
This rich roadmap unveiled by Vitalik Buterin highlights the extraordinary potential for integrating cryptos into multiple spheres of society, well beyond their simple use as digital currency. A unique opportunity to democratize decentralized and emancipatory technologies on a large scale.
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Fenelon L.
Passionate about Bitcoin, I like to explore the intricacies of blockchain and cryptos and I share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is the tool that can make this possible.
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
