The crypto safeguard. The year 2023 will have been devastating for the emblematic players in the cryptocurrency sector. Indeed, many faces of this digital economy have simply disappeared from the equation following high-profile cases, as in the now historic case of Sam Bankman-Fried. Or, more recently, following regulatory affairs, one of the main consequences of which was the sidelining of the founding CEO of the Binance platform, Changpeng Zhao (CZ).
A revisit of the VIPs of this ecosystem which was survived by the essential Vitalik Buterin, ideological spokesperson for the Ethereum blockchain. A man who stands out as a sort of beacon in this race for digital innovation, whose regular interventions allow us to gain a little height each time. A look back at Vitalik Buterin’s main milestones during this decisive year.
Vitalik Buterin: much more than just the founder of Ethereum
In the cryptocurrency sector, Vitalik Buterin imposes itself above all as the genius behind the Ethereum blockchain. Indeed, he is one of the co-founders of this network which quickly became the Money Lego essential to this ecosystem.
An opening dynamic quickly summarized as a simple shitcoin factory ERC-20 by Bitcoin maximalists. But that will not have prevented their famously hermetic blockchain from being seen attacked in turn by hordes of BRC-20 tokens and other Ordinals during a year 2023 decidedly rich in emotions.
The opportunity for Vitalik Buterin to express last July his disdain for Bitcoin maximalists, while praising the arrival of Ordinals. Because it is often against the grain that the young crypto-billionaire speaks about cryptocurrencies.
“Token issuances linked to Ordinals are starting to bring back a culture of action [sur le réseau Bitcoin]. It feels like there’s a real pushback against the “laser eyes” movement, which is a good thing. (…) The Ordinals protocol signals the organic return of builder culture. »
With a franchise that allows you not to erase too quickly cryptographic and ideological fundamentals of this digital economy. And suffice to say that the news has its work cut out for it.
Finally, Vitalik Buterin is also known for his numerous philanthropic efforts. For example, this $15 million donation to support medical research. Or his support for the Turkish populations affected by an earthquake last February.
The eternal developer of the Ethereum network
Vitalik Buterin remains closely linked to development of the Ethereum network. Indeed, the young developer continues his quest for the perfect blockchain. This is how he regularly suggests possible improvements and other developments that could change everything.
Because its objective is not profitability, but adoption and taking into account essential questions as decentralization and the Data protection.
However, his ability to see beyond what exists sometimes pushes him to sound the alarm, like last May. This in the face of a cryptocurrency sector that is more busy bringing in money by diverting its primary functions than anticipating its development. in a lasting and non-dystopian way.
“There is a natural need to expand the core blockchain with more and more features, because the core blockchain has the greatest economic weight and the largest community monitoring it, but each extension makes the core itself more fragile. (…) in the end, we should rather cultivate minimalism. »
Vitalik Buterin
At war against shitcoins
In fact, Vitalik Buterin is a kind of crypto fashion star. A position which has also earned him receiving unwanted favors from shitcoin developers. The latter often quick to send him funds linked to their digital vacuum projects in order to attract his good graces.
This is why it is officially gone to war against shitcoins last March. Because according to him, these projects are useless and meaningless. And suffice to say that even with a rebranding of type “ memecoin », this rule remains entirely valid and up to date!
“Shitcoins (…) have no cultural or moral value and will likely cause you to lose most of the money you invest in them. I oppose these projects to the fullest extent possible. »
Vitalik Buterin
A position that will not prevent the year 2023 from register under the sign of memecoins. Because very often, the reality of the facts develops very far from enlightened considerations…
A convinced “techno-optimist”
Despite all this, Vitalik Buterin presents himself at the end of the year as a convinced techno-optimist, “but nuanced”. Indeed, his vision of technological advances pushes him to consider an improved future.
However, he believes that “our rapid progress will be the most important social problem of the 21st century, so it’s important to think about it carefully.” To meditate !
A dynamic in which blockchain technology and cryptocurrencies participate, intended to serve individuals against authoritarian and/or centralized abuses :
“Blockchains allow us to create economic and social structures with a “shared hard drive” without having to depend on centralized actors. Cryptocurrencies allow individuals to save money and carry out financial transactions, as they could do before the internet with cash, without depending on trusted third parties who could change their rules on a whim of head. »
Vitalik Buterin
Between a committed humanist and a convinced techno-optimist, Vitalik Buterin offers an always enlightened and critical view on the cryptocurrency sector. A necessity, given the excitement that often takes hold of this digital economy. With this ever-present desire to making the heart of the Ethereum network beat at the center of this turmoil. Thank you for this commitment constantly reminded!