Here’s How Vitalik Buterin Plans to Improve Ethereum’s Decentralization

Ethereum co-founder Vitalik Buterin recently discussed Ethereum’s progress and his vision for a more inclusive, scalable, and decentralized network.

He portrayed Ethereum as a “world computer,” supporting a wide array of digital activities and fostering a global on-chain ecosystem.

During his address, Buterin reviewed Ethereum’s journey, from its initial development to its status as a robust, foundational infrastructure for various decentralized applications. He pointed to Ethereum’s shift from Proof of Work (PoW) to Proof of Stake (PoS) as a significant milestone. This move not only reduced energy consumption but also strengthened the network’s decentralization and security.

Buterin highlighted Layer 2 solutions, such as Optimistic Rollups and ZK Rollups, which boost Ethereum’s scalability by processing transactions off-chain before finalizing them on the main network. This approach keeps the platform decentralized while enabling faster, lower-cost transactions. For instance, Layer 2 transaction fees have dropped from around 50 cents to less than 0.1 cent, broadening Ethereum’s accessibility and opening the door to new developer opportunities.

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Further, he underscored the benefits of Ethereum’s PoS model, which prioritizes accessibility and inclusivity. This framework reduces dependency on energy-intensive mining, making it easier for a diverse community to participate in securing the network. According to Buterin, Ethereum’s PoS system is central to creating a more decentralized and equitable platform.

In response to recent critiques, Buterin reaffirmed his commitment to achieving seamless, integrated experiences across Layer 2 networks, emphasizing a vision of Ethereum as an accessible, cohesive foundation for digital interactions.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.