Vitalik Buterin Discusses the Development of Ethereum and the Current State of the Crypto Market

Ethereum founder Vitalik Buterin gave an interview during EthCC, sharing his views on the current crypto market and the development of Ethereum.

Vitalik Buterin stated that the current bear market environment has brought a sense of calm back to the crypto field, which is a good thing. He believes that while the previous bull market bubble attracted a lot of attention, it also brought some negative effects, such as overly high expectations and the influx of bad actors. Now is a good time for the crypto industry to return to its essence and prepare for future development.

In terms of technology, Vitalik Buterin pointed out that there is still significant room for improvement in the scalability of blockchain. He mentioned some ongoing technical improvements, such as Rollups, sharding, and ZK-Rollups. These technologies are expected to greatly reduce transaction costs and improve performance.

Regarding the development progress of Ethereum, Vitalik Buterin stated that there are two opposing forces at play: on one hand, the community continues to produce excellent researchers and developers, accelerating the development; on the other hand, caution is required to avoid mistakes. He believes this balance is healthy, allowing Ethereum to maintain stability while rapidly iterating.

Speaking about the Terra crash, Vitalik Buterin stated that it made people reevaluate the importance of fundamental principles. He believes that any stable high yield exceeding 10% is difficult to sustain and hopes that this incident happened early to minimize losses.

Vitalik Buterin also emphasized that the crypto community should focus on projects that are doing meaningful things, rather than on overly marketed or high-risk, high-reward projects. He called on developers to concentrate on solving real problems, rather than simply issuing tokens.

Finally, Vitalik Buterin stated that he would do his best to help the community, including listening, encouraging, and connecting resources. He hopes that the Ethereum community can continue to grow and create more valuable applications.