Vitalik Buterin has an idea how to secure Ethereum. However, it is not about securing blockchain, but a financial project.
Vitalik Buterin knows how to secure ethereum
Vitalik Buterin, co -founder of Ethereum, is of the opinion that income generated by some protocols of decentralized finances (DEFI), those characterized by low risk, can provide networks of long -term economic stability. This is to resemble the Alphabet model – Google also bases its business model on its search engine.
The plan has a second bottom: thanks to this solution, non -financial projects could better cultivate the cultural values of the Ethereum ecosystem.
As examples of initiatives supporting the network, Buterin indicated, among others NFT, memecoins or speculative trade, while non -financial and partly financial applications are to reflect its cultural foundations.
Buterin pointed out that Google has many innovative activities – it develops, for example, the Chromium browser, Pixel smartphones or open -source models of artificial intelligence. However, the revenues from these projects are small compared to gigantic search and advertising profits that de facto finance the rest of the company’s ventures.
Ethereum with record TVL
These declarations appeared at the time when the value of the funds blocked in the DEFI protocols at Ethereum again exceeded USD 100 billion – the first time from the beginning of 2022. This value dropped significantly during Bessa in 2022–2023, but currently the DEFI market is again gaining momentum, including thanks to events in the USA. An important factor is the Digital Asset Market Clarity ACT Act, which is to even accelerate the adoption of DEFI solutions.
According to DEFI Education Fund research, over 40% of Americans have declared initial openness to the use of decentralized finances.
According to Buterin, Ethereum has potential to achieve even better results in the future than Google. Its decentralized nature allows you to combine financial success with ethical results, creating a balance between efficiency and moral values.
Safe DEFI is primarily to facilitate access to the American dollar, which is particularly important in countries where low income and high inflation are recorded. Buterin also proposed the concept of creating cryptoctives based on the currency basket related directly to consumer price indexes.
