#VitalikButerin Unveils Ambitious Upgrades to Enhance #Ethereum's Scalability and Efficiency
Vitalik Buterin Outlines Ethereum's Future at Devcon 2024
- At #Devcon 2024 in Bangkok, Ethereum co-founder Vitalik Buterin laid out Ethereum's vision as the “world computer” for a global digital economy, emphasizing decentralization, scalability, and inclusivity. Buterin celebrated Ethereum’s transition to Proof of Stake (PoS), a change that reduced energy consumption, strengthened security, and advanced decentralization.
- He spotlighted Layer 2 solutions like Optimistic Rollups and ZK Rollups, which scale Ethereum by processing transactions off-chain, cutting fees from 50 cents to under 0.1 cent. This affordability expands Ethereum's accessibility and attracts a wider user base.
- Ethereum's PoS model, Buterin noted, fosters community participation and a decentralized, equitable ecosystem. Buterin reaffirmed Ethereum's commitment to seamless Layer 2 integration, furthering its role as a resilient, inclusive, and accessible "world computer."
