Recently, Vitalik Buterin, the co-founder of Ethereum, shared his vision of the encryption industry in 2023 and proposed three "huge" opportunities that have not yet been realized in the field of cryptocurrency: large-scale wallet adoption, anti inflation stable currency and Ethereum driven website login.

Recently, Vitalik Buterin, the co-founder of Ethereum, shared his vision of the encryption industry in 2023 and proposed three "huge" opportunities that have not yet been realized in the field of cryptocurrency: large-scale wallet adoption, anti inflation stable currency and Ethereum driven website login.

With the expectation that the Federal Reserve will raise interest rates and shrink the balance sheet, the cryptocurrency market will fall across the board. 2022 has become a rough year for the cryptocurrency industry. When Buterin was interviewed, someone raised concerns about the encryption market, that is, the "wave of adoption" of decentralized applications has ended, and developers have "fewer opportunities" to enter and build new decentralized applications.

However, the co-founder of Ethereum does not seem to think so. First of all, he said that more development could be carried out on the wallet infrastructure, making the cryptocurrency easier for daily people to use, and even attracting billions of users. Buterin said, "If we can create a wallet that one billion people will use, this is a huge opportunity."

Subsequently, Buterin said that it would be revolutionary for the industry to create a stable currency that is anti hyperinflation and globally accessible and can withstand all types of conditions, whether on the chain or in the broader macro-economy. Faced with the huge fluctuation of encryption, the stable currency quickly established its position as a basic tool in the ecosystem, but its practice is far from the founding ideal.

Finally, any technological development that helps Ethereum to seize the login right from Facebook, Google, Twitter and other centralized monopolies will eventually enable Ethereum to occupy a more dominant market position in Internet based applications. However, Buterin also said that due to the maturity of the market and the intensification of competition, the opportunity to fill the market gap has indeed become less obvious.

After the collapse of FTX, Buterin has been sharing suggestions on the encryption field and remains optimistic about the industry in the next few years. For example, it is suggested that traders and investors consider the degree of artificial influence that can be exerted on the agreement; Reaffirm the importance of traders taking a long-term view, and should pay more attention to technology development rather than price; Zero knowledge technology plays a very important role in solving the information problem on the chain.

In addition, among the topics that Buterin is interested in, decentralized finance (DeFi) is essential. However, over time, Buterin believes that DeFi has become a "monster of excess capital". Buterin also believes that DeFi is currently in the embryonic stage of establishing itself as a stable medium to improve security and refocus on several special value-added applications. "The adhesive layer for predicting effective transactions between the market, synthetic assets and other assets" is a key part of decentralized finance.

Needless to say, I believe that V Shen is a little selfish. Of course, he also wants to make the ecological construction of Ethereum more and more perfect, and any technological development that will help Ethereum seize the right to log in from Facebook, Google, Twitter and other centralized monopolies will eventually enable Ethereum to gain more market dominance in Internet based applications, which will also help Ethereum go farther!

ending

Although there have been some painful hacker attacks and CeFi crashes this year, the entire encryption industry has also made tremendous technological progress. Therefore, even in the harsh encryption winter, the influence of Web3 appears in the scope, and this technology will obviously continue to exist, to create an era of financial transparency, reliability and autonomy.