Vitalik: ZK, ERC-4337, and enterprise-oriented solutions are worth paying attention to; do not overly pursue returns at the expense of security

2023-09-21 13:06:10
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ChainCatcher message, Vitalik Buterin stated in the latest blog post on Bankless:

  1. The cryptocurrency space needs more imaginative innovations, not just improvements to existing systems, but the creation of an entirely new ecosystem where components can complement each other. For example, decentralized social is moving in this direction.

  2. Cryptocurrencies can serve as a laboratory to test new mechanisms and ideas. For instance, new tools for public interest funding and capital allocation. These innovations can permeate into the broader world.

  3. Cryptocurrencies can fill the gaps left by governments and markets in providing certain public goods, such as anti-aging research. Large-scale experiments can be conducted through community participation.

  4. A balance needs to be found between decentralization and security. The goal is to build an ecosystem where people can earn returns without taking on huge risks. This requires a shift away from the mindset of solely pursuing maximum returns.

  5. New technologies like ZK and ERC-4337 create opportunities for newcomers to participate. There are also new tracks worth paying attention to, such as enterprise solutions.

  6. As we enter the next bull market, here are a few points to keep in mind: do not overly pursue returns at the expense of security; find a balance between decentralization and security; change the mindset of solely pursuing maximum returns.

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