{"id":611,"date":"2022-12-22T07:46:53","date_gmt":"2022-12-22T02:16:53","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=611"},"modified":"2022-12-22T07:46:54","modified_gmt":"2022-12-22T02:16:54","slug":"ethereum-founder-believes-global-stablecoin-would-be-a-revolution","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/ethereum-founder-believes-global-stablecoin-would-be-a-revolution\/","title":{"rendered":"Ethereum Founder believes Global Stablecoin would be a \u201cRevolution\u201d"},"content":{"rendered":"\n

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credit – Bitcoin.com<\/figcaption><\/figure>\n\n\n\n

Ethereum (ETH) co-founder\u00a0Vitalik Buterin\u00a0was the latest guest on\u00a0Bankless. Bankless co-owner David Hoffman first asked Buterin to reflect on the past year and all the lessons learned in 2022. Buterin replied that 2022 was a complicated year. And indeed it was.<\/p>\n\n\n\n

Although there were several negative \u201cblowups,\u201d the 28-year-old programmer believes it is essential to remember the positives. Buterin names Ethereum\u2019s \u201cmerge\u201d as one of the positives of 2022. The network\u2019s transition to a Proof-of-Stake (PoS) consensus model was something the community worked on for many years. Buterin highlighted how the transition reduced Ethereum\u2019s energy consumption by 99.9%.<\/p>\n\n\n\n

Buterin also added that 2022 was the year of zkEVM. From being just a \u201cpipe dream,\u201d many zkEVM projects are promising mainnet launch by next year.<\/p>\n\n\n\n

However, 2022 has not particularly been a good year for the financial sector, let alone cryptocurrencies. ETH has lost almost 60% of its value year-to-date. Although the \u201cmerge\u201d was a technological achievement, it did little to help ETH\u2019s price movement. Instead, many called the move a \u201csell the news.\u201d<\/p>\n\n\n\n

Ethereum co-founder speaks on 2023 opportunities<\/h3>\n\n\n\n

In response to Hoffman\u2019s fear that the \u201cadoption wave\u201d for decentralized apps had ended, Buterin provided his predictions for the cryptocurrency market in 2023.<\/p>\n\n\n\n

Firstly, Buterin said that the infrastructure for crypto wallets needs to improve. This will simplify use for regular people and ensure support to onboard billions of users.<\/p>\n\n\n\n

Secondly,\u00a0Buterin\u00a0asserted the development of a globally usable stablecoin, immune to hyperinflation, would be a revolution in the sector. The stablecoin should hold up under any circumstance, both on-chain and in the larger macroeconomy.<\/p>\n\n\n\n

Buterin stated that any technological advancements that help Ethereum usurp Facebook, Google, Twitter, and other centralized monopolies\u2019 control over user logins will eventually help Ethereum gain more market share for web-based apps.<\/p>\n\n\n\n

Buterin did note that, as a result of rising competition and the market\u2019s maturing, the possibility to close gaps in the market was becoming less clear.<\/p>\n\n\n\n

At press time, ETH was\u00a0trading\u00a0at $1,191.75, up by 1% in the last 24 hours. The asset is down by 75.2% from its all-time high of $4,878.26, attained on November 10th, 2021.<\/p>\n\n\n\n

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NEWS BY – CETOEX NEWS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) co-founder\u00a0Vitalik Buterin\u00a0was the latest guest on\u00a0Bankless. Bankless co-owner David Hoffman first asked Buterin to reflect on the past year and all the lessons learned in 2022. Buterin replied… <\/p>\n","protected":false},"author":1,"featured_media":612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,9,129,18,20],"tags":[170,229,36,223],"class_list":["post-611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alt-coin","category-blockchain","category-cetoex-special","category-top-coin","category-top-news","tag-eth","tag-eth-ceo","tag-ethereum","tag-vitalik-buterin"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2022\/12\/jjdjjdjdjjdf-800x450.jpeg.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=611"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/611\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/611\/revisions\/613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/612"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}