Vitalik Buterin: "Ethereum development must go beyond DeFi" – Bits Media

Ethereum co-founder Vitalik Buterin has high hopes for social networking, far beyond quick financial benefit from Defi.

At the EthCC conference in Paris, Vitalik Buterin expressed his opinion, that the etherium should go beyond the wild speculative financial movement, known as Defi. He noted:

“Ecosystem of Ethereum must go beyond the simple release of tokens, which help to trade other tokens. To some extent, this is already happening, But we can do more ".

Buterin said, that the blockchain should be socially useful, as well as financially profitable. Only a small number of people can use many functionality of the network now. He noted, that the high gas fee is one of the main problems.

“Degen can pay for this, Monkeys can pay for this, Orangutans can pay for this ", - said Buterin. “But the ecosystem of the etherium will not work, While the gas fee harms the ordinary user ".

Buterin outlined several alternative approaches to technology, who deserve more attention. One of the ideas was "retroactive financing", in which developers create public infrastructure for free, And income is received when the system begins to generate it.

He explained, that such a process will allow the projects of the Ethereum to flourish as a "public good". “It is better to be determined by Defi, than nothing. But you need to move on ", - says one of the slides of the presentation butaterin.

The co -founder of the Ethereum hopes, that the etherium will become the basis for the World Social Networks System, which will encourage better publications and form the basis of the online identity of users.

This would be a direct alternative to centralized social networks, which Buterin criticized for collecting personal data and "unfair incentives", rewarding "cynical bloggers".

At the heart of the approach he proposed-the use of Ethereum wallets as multi-purpose online identifiers to enter a wide range of broadcasts based on the Ethereum, Similarly to that, How Gmail and Facebook accounts are used.

Authorization on platforms using the Ethereum will provide “reliable neutral”, censorship resistance and "built -in economic level, Simplifying the development of mechanisms ". Buterin imagined future social networks, which allow you to publish entries only to Ethereum DAO participants.

In conclusion, he recognized, which is disappointed with the state of affairs in the segment of non -replaceable tokens (NFT). The co -founder of the Ethereum is sure, that ordinary people should also benefit from this innovative decentralized tool:

"I want, so that NFT is beneficial not only celebrities, but to the whole society ".

Last month, Buterin spoke about obstacles to the deployment of the Ethereum 2.0. According to him, Development is influenced by non -technological, And human factors.