Memecoins
Ethereum Founder Vitalik Buterin Charts Cryptocurrency’s Path Beyond Meme Coins
Gamza Khanzadaev
Ethereum’s Vitalik Buterin shifts focus from memes to real-world uses of cryptocurrencies
Continue reading U.TODAY
Google News
In a heated online debate about the relevance of meme coins, Ethereum co-founder Vitalik Buterin has outlined a compelling vision for the future of cryptocurrencies. The discussion began when a prominent cryptocurrency enthusiast expressed frustration with the hype around meme coins and questioned their lasting value compared to recent major innovations in the industry.
Some of the notable cryptocurrency advancements listed include decentralized and tamper-proof money, peer-to-peer cross-border payments, programmable money, permissionless financial services, and digital asset ownership.
In the meantime, meme coins, while fun and a new way to monetize attention, don’t have the long-lasting and inspiring potential of previous crypto trends. This sentiment, worried cryptocurrency enthusiasts say, is draining the energy from the crypto community.
Vitalik intervenes
In response, the Ethereum The founder outlined several areas where he believes cryptocurrencies can have a significant impact on everyday life and broaden their reach today. He mentioned the importance of zero-knowledge technology in enhancing reputation, identity and credentials, which could revolutionize digital interactions.
Buterin also highlighted significant improvements in peer-to-peer cross-border payments, stressing that lower fees and better user experience are making these services more sustainable in this cycle.
Furthermore, Buterin highlighted the potential of decentralized social networks, which promise greater user control and privacy, and prediction markets, which are becoming more practical and accessible. You also mentioned enterprise applications via zk validum and zk-based censorship-resistant voting, both of which could transform industries and governance.
About the author
Gamza Khanzadaev
Financial analyst, trader and cryptocurrency enthusiast.
Gamza graduated in Finance and Credit with a specialization in securities and financial derivatives. He then obtained a master’s degree in banking and asset management.
He wants to help cover economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.