Ethereum needs to reignite the cypherpunk revolution that was first envisioned for the blockchain in its early days, says Vitalik Buterin, one of the networks founders.
According to a Dec. 28 blog post from Buterin, Ethereum was initially envisioned as a public decentralized shared hard drive that could leverage peer-to-peer messaging and decentralized file storage, but the vision began to fade in 2017 with the turn toward financialization on Ethereum.
Decentralization, open participation, censorship resistance and credible neutrality are among the cypherpunk values Buterin wants to see firmly return to Ethereums future, and he remains hopeful that non-financial applications can flourish on the blockchain.
He highlighted that rollups, zero-knowledge proofs, account abstraction and second-generation privacy solutions have become more mainstream, which could uphold some of these cypherpunk values.
Cypherpunk refers to a person who uses encryptionto ensure privacy when accessing a computer network, especially from government authorities.
Participating in polls without revealing ones privacy and implementing mechanisms such as quadratic voting and cross-tribal consensus finding to help organizations govern themselves are among the other cypherpunk-like activities that Buterin wants to see more of on Ethereum.
It is very possible to build things within the crypto ecosystem that do not follow these values, Buterin conceded, hinting at certain examples.
For example, building a highly centralized layer secured by multisignature with no plans to change or a nonfungible token ecosystem where the NFTs are stored on a centralized website instead of a decentralized file storage platform like IPFS.
One could build a staking interface that needlessly funnels users toward the already-largest staking pool, Buterin added:
That said, Buterin said hes been impressed with solutions that have come about from some of the industrys biggest problems.
Related:Vitalik Buterin warns against overloading Ethereum consensus layer
He noted that decentralized exchanges have provided a solution to hacks on centralized exchanges, while Cowswap, Flashbots Protect and MEV Blocker have helped limit the severity of sandwich attacks on Ethereum users by maximum extractable value exploiters.
On Dec. 28, Buterin proposed to make the Ethereum proof-of-stake chain lighter and simpler by reducing the number of signatures that validators are required to make to keep the network running.
Magazine: 'Account abstraction supercharges Ethereum wallets: Dummies guide
Read the original here:
Vitalik Buterin wants to 'make Ethereum cypherpunk again' - Cointelegraph
- Why Ethereum Classic And Litecoin Are Diving - Benzinga [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Polygon (MATIC) CEO Announces Ethereum (ETH) As The Layer 1 Future. HedgeUp (HDUP) Intends To Lead Web 3. - Benzinga [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Bitcoin, Ethereum Technical Analysis: BTC Above $20000, ETH ... - Bitcoin News [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Why Bitcoin Cash And Ethereum Classic Are Ripping Higher - Benzinga [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- How To Stake Ethereum On Coinbase? - CoinGape [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum ... - Bitcoin News [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Top Analyst Predicts Rallies for Fantom and One Ethereum-Based Altcoin, Says ETH Looks Hella Bullish - The Daily Hodl [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum Continues to Dominate the NFT Market, With a Current ... - BanklessTimes [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum-Based Uniswap Officially Launches on BNB Chain - Watcher Guru [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Why are Bitcoin, Ethereum, and Solana crashing today? Here's what ... - USA TODAY [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Trader Who Nailed Crypto Bottom Says Bitcoin and Ethereum Primed for Massive Rally Following Strong Weekly ... - The Daily Hodl [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum Drops Below This Key Level; ApeCoin Becomes Top Loser - Benzinga [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Why Bitcoin, Ethereum, and Dogecoin Popped on SVB Rescue ... - The Motley Fool [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum layer-2 solutions may focus less on token incentives in the future - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours - Benzinga [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum & Vechain showcase how blockchain technology ... - Crypto News Flash [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum Mixer Offer to Protect Anonymity & Making Transactions Untraceable in 2023 - Yahoo Finance [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Test: New ChatGPT-4 instantly identified Ethereum smart contract ... - Finbold - Finance in Bold [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Banking contagion sparks crypto frenzy: investors rush to 'HODL ... - Finbold - Finance in Bold [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum price reaches lowest level relative to Bitcoin in 5 months - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Euler Finance Hacker Mixes $1.6M in Ethereum on Tornado Cash - Decrypt [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum Layer-2 Solution Arbitrum Announces Token Airdrop, Opens Tech Stack to Devs - Decrypt [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Bitcoin Price and Ethereum Prediction: BTC Finds Support at ... - Cryptonews [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Why Ethereum Classic (ETC) Is Up 9% In The Past 24 Hours - Benzinga [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- How Crypto Whales impacted Big Eyes Coin ($31.71M Presale!), Bitcoin, and Ethereum this week - Euro Weekly News [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Why Bitcoin- And Ethereum-Related Stock MicroStrategy Is Seeing Blue Skies - MicroStrategy (NASDAQ:MSTR) - Benzinga [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Ethereum Rises Above This Key Level; Immutable Emerges As Top Gainer - Benzinga [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity - The Daily Hodl [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Why Ethereum will emerge victorious in the ongoing bull rally as Tether mints $2 billion USDT - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Bitbuy Announces "Bitbuy Boosts" Ethereum Reward Program - WonderFi Technologies (OTC:WONDF) - Benzinga [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Ethereum Price Regains Strength, Indicators Suggest High Chances of Upside Break - NewsBTC [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Three Ethereum alternatives that every Crypto Investor should consider in the ongoing Bear Market Chainlink, Polygon and Big Eyes Coin - Euro Weekly... [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Crypto community with 88% historical accuracy sets Ethereum price ... - Finbold - Finance in Bold [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- SECs Gary Gensler wants Proof-of-Stake Ethereum to be regulated as a security, will traders turn to ETHW? - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Playboy Lost $4.9M on Ether It Accepted as NFT Payments - CoinDesk [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- OKBChain Will Be an L2 Chain of Ethereum, Says OKX Founder By ... - Investing.com [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Post-Merge Ethereum: Grayscale extends review of ETHPoW decision - Cointelegraph [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- 16% Growth For Solana (SOL) In 7 Days: Ethereums Dominance To Be Challenged? - Coinpedia Fintech News [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Ethereum Classics TVL recovers and heres the key driving factor - AMBCrypto News [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Better Buy: Coinbase vs. Ethereum - The Motley Fool [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Cryptocurrencies Price Prediction: Bitcoin & Ethereum European Wrap 20 March - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Ethereum (ETH) Has Door Open to $2,000 and Higher, Santiment Shares Reason - U.Today [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28000, as Global Banking Crisis Worsens Market ... - Bitcoin News [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- I asked ChatGPT Ethereums price prediction after Shanghai and its response was - AMBCrypto News [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- What Ethereum whales are doing ahead of Arbitrum's ARB token airdrop - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Bitcoin, Ethereum, Dogecoin Slide On Credit Suisse Worries - Benzinga [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Institutional Investors Shift Focus On These Altcoins, Sell off Bitcoin and Ethereum - Coinpedia Fintech News [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- 636,000 Ethereum (ETH) Worth $1.1B Lost Forever - The Crypto Basic [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- NYAG calls Ethereum a security and destroys decentralization myth - CoinGeek [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Crypto Price Today: Bitcoin holds above 28k, Ethereum and other tokens gain - CNBCTV18 [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Binance NFT Extends Zero Fees, Gas Promotion for Ethereum ... - BSC NEWS [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to ... - Cryptonews [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Bitbuy Announces "Bitbuy Boosts" Ethereum Reward Program - Yahoo Finance [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Ethereums Shanghai Hard Fork Now Has Official Target Date - CoinDesk [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Bitcoin, Ethereum prices seesaw ahead of the Feds decision on rate hike - FXStreet [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Ethereum Price Seems Ready For Another Leg Higher Over $1,750 - NewsBTC [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Ethereum Price Prediction: Money Flows From ETH To BTC - InvestingCube [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Ethereum and the Future of the NFT Market - The Coin Republic [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Ethereum (ETH) Bulls Brace For Quick Drop As Charts Predict 10% Downswing - NewsBTC [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom - The Daily Hodl [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- Bitcoin Price and Ethereum Predictions: How US FOMC Decision Could Impact the Crypto Market? - Cryptonews [Last Updated On: March 22nd, 2023] [Originally Added On: March 22nd, 2023]
- The Potential 100X Project Uwerx (WERX) And Ethereum (ETH ... - The Crypto Basic [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Tested on Ethereum, StarkWares Zero-Knowledge Proofs Are Now Live on Bitcoin - Decrypt [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Bitcoin, Ethereum and Litecoin Are Commodities Says CFTC - Trustnodes [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- VeChain's $275 Million Reserves Include Bitcoin, Ethereum, & VET - Watcher Guru [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Ethereum (ETH) Correlation With Bitcoin at Its Monthly High, Here's Why This Is Good Trend - U.Today [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests - Cointelegraph [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum - CoinDesk [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Solana (SOL) And Ethereum (ETH) Prices Show Potential, Collateral ... - Analytics Insight [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Ethereum Classic (ETC) price has a bullish catalyst in April - InvestorsObserver [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Crypto Price Alert: BlackRock Issues Stark Fed Warning After Huge Bitcoin And Ethereum Boom - Forbes [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Price Prediction Of Aptos (APT) And Ethereum (ETH), Collateral ... - Analytics Insight [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Crypto Price Today: Bitcoin below 28k, Ethereum and other tokens edge lower - CNBCTV18 [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Bitcoin, Ethereum Technical Analysis: BTC Consolidates Above ... - Bitcoin News [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Solana (SOL) Surpasses Ethereum (ETH) in Monthly Active Addresses: Details - U.Today [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- zkSync Taking Spotlight on Ethereum, Here Are Latest Metrics - U.Today [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum - CoinDesk [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- 3 reasons why Ethereum price can reach $3K in Q2 - Cointelegraph [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Ethereum ERC-4337 bundlers How hard is joining the network? - Cointelegraph [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Satellite orbiting Earth participates in the Ethereum KZG ceremony - Cointelegraph [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]