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Vitalik: The Real World Needs Blockchains

Vitalik postulates that the crypto industry is on the precipice of achieving new types of real-world adoption.
Vitalik: The Real World Needs Blockchains
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Reflecting on his experience at a recent cryptography conference, Ethereum Ethereum co-founder Vitalik Buterin Vitalik Buterin today outlined to X the real world use cases he's seeing served by blockchain technology.

What's the Scoop?

  • Public Bulletin Board: According to Vitalik, one of the most popular use cases for blockchains among external developers is the ability to store information in a publicly readable, tamper-resistant format. Cryptography developers can leverage blockchains as public bulletin boards when building systems that require publicly verifiable data, such as secure online voting applications.
  • Payments Potential: Many types of applications require payments for various reasons. Vitalik identifies blockchain-based payments as an important tool for developers creating applications who need to prevent spam and receive compensation for their services.
  • Smart Contracts: By creating standardized mechanisms that control crypto assets, or smart contracts, is possible to unlock interoperability between applications and enable true DeFi composability. Vitalik notes that cryptographers use smart contracts to issue bounties and create zero-knowledge payment channels.

What's the Take?

With Ethereum Layer 1 gas fees hovering near historic lows and an in-place scaling roadmap designed to keep it that way, Vitalik postulates that the crypto industry is on the precipice of achieving new types of adoption.


Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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