Vitalik Buterin, co-founder of Ethereum, delivered a keynote speech at EDCON 2024, shedding light on Ethereum’s trajectory over the next ten years. He emphasized that the platform’s primary focus will be on the development of robust applications.
Currently, Ethereum has seen significant success with several applications, including Decentralized Finance (DeFi), Decentralized Identity (DID) via Ethereum Name Service (ENS), Decentralized Autonomous Organizations (DAO), and Non-Fungible Tokens (NFT). In his speech, Buterin also highlighted several innovative projects: the prediction market Polymarket, the social media aggregator Firefly, the wallet Daimo, and the voting tool Rarimo.
Buterin proposed several forward-thinking ideas to enhance security and usability within the Ethereum ecosystem. Among these were the concept of encrypting private keys directly within the chips of mobile phones, effectively transforming the device into a secure wallet. He also suggested placing part of the private key with a compliant custodian institution to bolster security. Additionally, Buterin advocated for the use of Zero-Knowledge (ZK) technology to link personal Know Your Customer (KYC) information with wallets, aiming to streamline compliance and security processes.
