Vitalik Buterin, co-founder of the Ethereum network<\/span><\/a>, made some interesting comments during a <\/span>recent interview<\/span><\/a>. One of them was his revelation of the worst thing that usually happens on the Ethereum network.<\/span><\/p>\n Vitalik<\/span><\/a> mentioned that the worst thing that happens on <\/span>Ethereum<\/span><\/a> is when people lose money. It is, however, worth mentioning that this particular comment came in relation to his earlier remarks about the impact that wars and dictators have on human lives. This was meant to be light-hearted in comparison to the \u201cheavy things\u201d he had just spoken about.<\/span><\/p>\n Meanwhile, Vitalik is of the opinion that crypto has a major role to play in any bid to curb the excesses of those in power. He said that crypto can \u201ccounter-pressure\u201d the powers of these governments and <\/span>large corporations<\/span><\/a>.\u00a0<\/span><\/p>\n Crypto is already doing this, as he highlighted how people have more control over their finances and the government cannot easily grab their money up to fund wars. He also alluded to <\/span>ZK (Zero Knowledge) technology<\/span><\/a> and how people can prove things about themselves without such information being maliciously used by the government.\u00a0<\/span><\/p>\n These statements made by Vitalik once again emphasize the essence of cryptocurrencies and their role in creating a decentralized economy. As people continue to lose faith in the traditional financial system, <\/span>crypto has provided a haven<\/span><\/a> for those looking to have more control of their finances.\u00a0<\/span><\/p>\n Vitalik also touched on Ethereum and the need to make <\/span>certain protocol upgrades<\/span><\/a>. He specifically noted how some of these upgrades are economic. For those, Vitalik believes there is a need for the <\/span>Ethereum community<\/span><\/a> to be more involved to avoid a similar system, which crypto aims to eliminate.<\/span><\/p>\n To achieve this, the <\/span>Ethereum co-founder proposed<\/span><\/a> innovating a better kind of democracy tool where members could use ZK votes to make their voices heard. At the same time, there will also be a need to develop tools that can weed out those who aren\u2019t actually part of the community, he said. That way, core ETH developers can actually implement upgrades that reflect the wishes of everyone in the community.\u00a0<\/span><\/p>\n Vitalik also sounded optimistic about the future of Ethereum. He stated that the network has improved greatly and achieved \u201camazing success\u201d in terms of scaling and improving UX, security, and privacy. These, in his opinion, were some of Ethereum\u2019s biggest problems in the last 10 years.\u00a0<\/span><\/p>\n Regarding scaling, the ETH co-founder says the \u201cbiggest thing\u201d that happened in 2023 was the fact that <\/span>Rollups became more secure<\/span><\/a>. These layer-2 networks could help Ethereum potentially scale to 100,000 transactions per second.<\/span><\/p>\n Featured image from Coingape, chart from Tradingview.com<\/p>\nThe Worst Thing That Happens On Ethereum<\/h2>\n
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ETH price falls below $2,400 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Digital Democracy On ETH<\/h2>\n