Safe

Tornado Cash

Foundation

Tornado

Vitalik Buterin, co-founder of Ethereum, has been described as “giantly important” by fellow Ethereum co-founder Joseph Lubin, reflecting a sentiment held by many experts in the space.
Speaking exclusively to Cointelegraph Managing Editor Gareth Jenkinson on the <a href="https://cointelegraph.com/podcasts/decentralize-with-cointelegraph" rel="noopener noreferrer nofollow">Decentralize with Cointelegraph</a> podcast, Lubin explained that although Buterin “traveled to a different dimension, the ecosystem would be just fine.”&nbsp;
<blockquote data-ct-non-breakable="true">
 “[Buterin] makes great contributions in terms of a high-level roadmap sketch that people can flesh out. He’s always considered or considered himself probably more of a crypto economist than a computer scientist.”
</blockquote>
Related:&nbsp;<a href="https://cointelegraph.com/news/vitalik-buterin-advocates-zk-likes-farcaster-privacy-shift" rel="noopener noreferrer nofollow">Vitalik Buterin advocates ZK ‘Likes’ on Farcaster after X privacy shift</a>
<h2 id="ethereum-validation-and-influence">Ethereum validation and influence&nbsp;</h2>
Lucas Schor, CEO of Safe Wallet, spoke to Jenkinson at Safe{Con} in Berlin, highlighting the validation received from Buterin using their platform.
<blockquote data-ct-non-breakable="true">
 “In the past, people have reported that Vitalik says he uses Safe [Wallet] to safeguard a lot of his funds.”
</blockquote>
Schor spoke about Buterin’s influence on the Ethereum ecosystem, explaining that, among other advocates for Ethereum, Buterin’s influence always has "extra impact."
<blockquote data-ct-non-breakable="true">
 “In our part of the ecosystem, Vitalik is someone that's pushing for the content section agenda, and he will talk about challenges that he sees along the way. Him doing that will probably have a bunch of people then think about how can we solve these challenges, which is quite valuable."
</blockquote>
Related:&nbsp;<a href="https://cointelegraph.com/news/vitalik-buterin-redefines-inflation-crypto" rel="noopener noreferrer nofollow">Vitalik Buterin claws back crypto community's right to redefine 'inflation'</a>
<h2 id="contribution-of-the-eip-7702">Contribution of the EIP-7702</h2>
Schor also spoke about Buterin’s influence on Ethereum’s technological developments, particularly the Ethereum Improvement Proposal (EIP) 7702.
<blockquote data-ct-non-breakable="true">
 “The core component of 7702 [...] which doesn’t have code, it’s just controlled through a private key, but with that private key you can authorize a certain code, a certain spark account that is allowed to run on your address.”
</blockquote>
Buterin’s EIP-7702 <a href="https://blog.web3auth.io/eip-7702-explained-how-it-works-and-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">proposes</a> a new transaction type that adds a contract_code field for externally-owned accounts (EOAs).
This means that an EOA can temporarily become a smart account for a single transaction, enabling the deployment of smart contract features without permanently changing its structure.
Related:&nbsp;<a href="https://cointelegraph.com/news/vitalik-buterin-30-eth-tornado-cash-legal-defense" rel="noopener noreferrer nofollow">Vitalik Buterin wallet contributes 30 ETH to Tornado Cash legal fund</a>
<h2 id="the-lubin-perspective">The Lubin perspective</h2>
Lubin elaborated on Buterin’s efforts that extend beyond the decentralized confines of the Ethereum blockchain, stating:
<blockquote data-ct-non-breakable="true">
 “[Buterin] spent a bunch of time in Montenegro. There are opportunities there and in other place of the world with this clash of civilizations in a sort of organized way, by changing laws and by enabling nation states to level themselves up with respect to our technology.”
</blockquote>
Lubin clarified that he wasn’t sure if Buterin wanted him to talk about the Montenegro topic but explained that Buterin is “public about things that are going on in Montenegro.”&nbsp;
On the collaboration between the Ethereum Foundation and Consensys, Lubin mentioned that Consensys is working “closely with the Ethereum Foundation.”
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/bitcoin-mt-gox-binance-hong-kong-crypto-exchanges-asia-express/" rel="noopener noreferrer nofollow">Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express</a>

Vitalik Buterin is 'giantly important' to Ethereum’s future: Experts weigh in

Table of Contents

Cointelegraph

Další články publikované 31. 5. 2024

Innocent Trump (INOTRUMP) Will Skyrocket 14,000% as KuCoin Listing Announced, While Shiba Inu and...

You Won’t Believe How Many Bitcoin Millionaires Are Being Created Every Day

Crypto wallets, explained

Think Biden Turned Pro-Crypto? Lawyer Exposes Ongoing Operation Chokepoint 2.0

Michael Saylor’s Bitcoin Prophecy: The ‘Freedom Virus’ for a New Financial System

Dogecoin, PEPE log minimal drops amid memecoin slump – How?

Join our free newsletter for daily crypto updates!