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5 cryptographic innovations Vitalik Buterin sees lives changing!
8:04 am ▪ 3 min reading ▪ by Fenelon L.
Vitalik Buterin predicts a concrete future for cryptocurrencies in many aspects of daily life. In a recent publication, the co-founder of Ethereum listed several areas where cryptography could establish itself as innovative solutions in this same cycle. Here are the promising areas he identified!
A decentralized and secure web thanks to cryptography
In a recent post on Twitter, Vitalik Buterin highlighted several promising use cases for cryptocurrencies, going far beyond the simple speculative framework.
Among the priority areas he identified is the decentralized management of reputation and digital identity through zero-knowledge (zk) proofs.
This approach would allow users to have full control over their personal data without having to trust a central entity.
The Ethereum co-founder also sees strong potential for very low-cost peer-to-peer (P2P) cross-border payments offering an improved user experience.
Buterin also highlights decentralized social networks as emancipatory platforms. By distributing control in the hands of users, these social networks would avoid the prejudices and censorship that plague current centralized web giants.
New, more transparent markets
Vitalik Buterin also sees a promising future for decentralized prediction markets. According to him, these platforms will become truly usable and adopted in this current cycle. They would then allow transparent predictions about major events without going through a centralized intermediary.
In the field of data privacy, the co-founder of Ethereum strongly encourages the development of business applications based on “zk validiums”. This technology would combine high privacy and massive scale.
Among the encouraging perspectives, Buterin also bets on the advent of censorship-resistant electronic voting, made possible by the zk tests. A guarantee of greater reliability and transparency in democratic processes.
This rich roadmap revealed by Vitalik Buterin highlights the extraordinary potential for integrating cryptocurrencies into multiple spheres of society, far beyond their simple use as digital currency. A unique opportunity to democratize decentralization and emancipation technologies on a large scale.
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Fenelon L.
Passionate about Bitcoin, I am exploring the paths of blockchain and cryptocurrencies and sharing them with the community. My joy is living in a world where private life and financial freedom are guarantees for everyone, and I am convinced that Bitcoin is the tool that can make this possible.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.