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Vitalik Buterin says the coming five years will be a turning point. At ETHTaipei 2024, he shared his thoughts on what's next for Ethereum and how it could change the real world.

What caught him off guard on the crypto scene? NFTs and meme coins have had a wild ride nobody saw that coming five years ago. But what's really got him excited is the leap in ZK technology, or zero-knowledge proofs, which allows users to prove ownership of assets without performing additional operations.ETHUSD Chart by TradingView

Ethereum has been changing fast, merging and tweaking its code. But with all these big companies getting into crypto, Buterin has been thinking hard about how to keep Ethereum true to its roots. He is talking about getting the community to agree on common rules and making sure all kinds of people can have their say in Ethereum's future. He wants to make sure Ethereum keeps up its spirit as it steps into the big leagues and deals with the rules of the game set by governments.

When asked about people who do n'ot speak English getting in on the action, Buterin is all for it. He thinks non-English speakers have a big part to play by raising awareness of Ethereum in their own languages and jumping into chats and votes. He says just showing up and getting involved is the way to go.

Why is he into the idea of living for a really long time and making Ethereum's longevity an industry standard? Simply, he loves life. If he were to live forever? Well, he would keep doing his thing, just for a lot longer.

So, there you have it, Vitalik Buterin's lowdown on Ethereum's next big chapter. It is all about making the tech better, getting everyone on board and making sure Ethereum helps in the real world all while keeping it as the people's platform. Here's to seeing how it all plays out in the next five years.

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Vitalik Buterin on Ethereum: Next 5 Years to Be Crucial - TradingView

One of the greatest innovations discovered in the realm of computer science is quantum computing. While this promises huge benefits for humanity, there are threats related to what quantum computing can cause.

Speaking at the ETHTaipei, Vitalik Buterin explained the potential of quantum computing in the blockchain space, what is being done today, and how to stand against quantum-based threats in the industry.

Quantum-enabled threats refer to cybersecurity risks and vulnerabilities that arise from advancements in quantum computing technology.

Quantum computing has the potential to transform computing by solving complex problems much faster than traditional computers. However, this same power can also pose a huge challenge to current encryption methods.

One major concern is that quantum computers could render many current encryption algorithms obsolete.

For example, algorithms used to secure sensitive data during transmission, such as RSA and ECC (Elliptic Curve Cryptography), rely on mathematical problems that are difficult for traditional computers to solve but could be easily solved by quantum computers using algorithms like Shors algorithm.

As a result, sensitive information protected by these encryption methods could become vulnerable to interception and decryption by adversaries with access to quantum computers. This includes personal data, financial transactions, government communications, and more.

Quantum-enabled threats also include the potential for quantum attacks on blockchain networks and other decentralized systems.

These attacks could compromise the integrity of transactions, disrupt consensus mechanisms, and undermine the security of digital assets.

Vitalik mentioned that despite concerns about these threats, there are quantum-resistant algorithms available for every vulnerable aspect affected by quantum computers.

Quantum computers break existing elliptic curve signatures, but we have various quantum-resistant alternatives based on hash functions, lattices, and isogenies, he added.

He continued, explaining that although solutions like lattice-based and isogeny-based algorithms, as well as Starks, have been theoretically addressed, they are not yet entirely practical.

However, he also disclosed that there are currently systems in place with recovery mechanisms to protect most funds. Efforts are ongoing to achieve complete quantum resistance for both users and protocols.

To tackle this challenge effectively, he explained that incorporating account abstraction would enable users to select quantum-resistant signature algorithms.

This means that users would have the option to utilize signature algorithms that are resilient against attacks from quantum computers, thus enhancing the security of their accounts and transactions.

He also suggested enhancing the Ethereum consensus layer to withstand quantum attacks. He proposed reconsidering the use of current signature schemes like BLS, advocating for the adoption of 8192-bit signatures per slot as a more secure option.

BLS (Boneh-Lynn-Shacham) signatures play an important role in Ethereum, particularly in its beacon chain protocol for Proof of Stake. These signatures offer efficient signature aggregation and verification, enhancing scalability and efficiency within the network.

Using BLS signatures with the BLS12-381 elliptic curve, Ethereum can reduce computational costs and improve the verification process, which makes it more scalable.

In the context of Ethereum, 8192-bit signatures refer to the number of signatures processed per slot in the Ethereum chain. This specific number is significant because it represents the load that the Ethereum network has to handle in terms of signatures per slot, impacting the efficiency and scalability of the system.

The handling of 8192 signatures per slot is crucial for Ethereums Proof of Stake mechanism, where validators sign messages to secure the network.

This high volume of signatures poses technical challenges due to the computational complexity involved in processing and verifying such a large number of signatures. The goal is to manage this load effectively while maintaining network security and decentralization.

In summary, Vitalik envisions a future where quantum threats will pose challenges to the blockchain space. To address this inevitable scenario, he suggests that beyond the ongoing experiments, there may be a need to transform the Ethereum blockchain into a quantum-threat-resistant infrastructure.

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Vitalik Buterin on tackling quantum threats in blockchains - CryptoTvplus

The world of cryptocurrency continues to be a hotbed of innovation and debate. This week, two major stories dominated the headlines: Vitalik Buterins endorsement of Layer-2 (L2) solutions for Ethereum and the explosive rise of a brand new memecoin, Rebel Satoshi ($RBLZ).

Layer-2 solutions have been gaining traction recently. They promise to address Ethereums scalability issues and alleviate the burden of high transaction fees. Buterins support for these solutions underscores their importance in the ongoing development of the Ethereum network.

By implementing Layer-2 solutions, Ethereum can potentially process a higher number of transactions per second, making it more efficient and accessible to users. This scalability upgrade is crucial for Ethereum to maintain its position as one of the best cryptocurrency platforms in the market.

Amidst Buterins call for Layer-2 enhancements, the cryptocurrency community has witnessed the emergence of a fresh memecoin on the Uniswap exchange Rebel Satoshi ($RBLZ). Memecoins, while often associated with humor and irreverence, have become a significant part of the crypto landscape, offering entertainment and investment opportunities.

Rebel Satoshi ($RBLZ) stands out as one of the best memecoins to watch, promising lucrative opportunities for investors seeking to diversify their portfolios. With its unique governance and membership token system, $RBLZ allows users to become Recusant members and gain access to a vibrant ecosystem, including exclusive NFT collections and community governance participation.

Investors diving into Rebel Satoshis universe are met with a plethora of unique assets and characters, each with its distinct features and roles. From Rebel Satoshi himself to Rac Catesby, Thomas The Owl, BW Wintour, and Red Wintour, users have the chance to explore and collect these assets, potentially earning a coveted spot in the Rebel Meme Hall of Fame.

As one of the top altcoins to watch, Rebel Satoshi ($RBLZ) represents more than just a memecoin; it embodies a rebellious spirit and a sense of community among its holders. With the ongoing development and expansion of the Rebel Satoshi ecosystem, theres no telling what exciting opportunities lie ahead for investors and enthusiasts alike.

In addition to Rebel Satoshi ($RBLZ), the Rebel Satoshi ecosystem has introduced another token Rebel Satoshi Arcade ($RECQ). Serving as the native transactional token, $RECQ facilitates various interactions within the ecosystem, including purchasing NFTs, accessing arcade games, and paying fees.

Currently in its presale stage, $RECQ presents investors with another opportunity to participate in the growing Rebel Satoshi universe. With its Early Bird presale price of $0.002, now is the perfect time for investors to get involved and explore the potential rewards and opportunities offered by this new token.

As Vitalik Buterin advocates for Layer-2 solutions to enhance Ethereums scalability, the cryptocurrency market continues to see the emergence of exciting projects like Rebel Satoshi ($RBLZ) and Rebel Satoshi Arcade ($RECQ). These tokens offer lucrative investment opportunities and embody the innovative spirit driving the evolution of the crypto space. As investors navigate this dynamic landscape, staying informed and seizing opportunities is key to maximizing returns and embracing the future of cryptocurrency.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Vitalik Advocates for Layer-2s on Ethereum, Uniswap's Fresh Memecoin Promises Lucrative Opportunities - NewsBTC

Vitalik Buterin touched on staking solutions on Ethereum at the ETHTaipei event in Taiwan. In his speech, Buterin stated that he understood the concerns of centralisation and mentioned the Rainbow Staking solution.

Stating that both staking in general and liquid staking tokens have started to pose a danger of centralisation on the Ethereum blockchain, Buterin pointed out that the number of single-person stakers is very small. Buterin stated that in addition to the financial difficulty of owning 32 ETH, there are also technical difficulties such as running its own node.

As it is known, in order to be able to stake and verify in the Ethereum network, a person must have at least 32 Ether. Today, this figure corresponds to approximately $115,000. And users who do not have such financial power but want to stake, entrust their Ether to platforms that provide liquid staking services. The most well-known platform in this regard is Lido Finance. lido currently has more than 60% dominance in the Ethereum staking area. According to many experts and analysts, this creates a serious danger of centralisation.

The Rainbow Staking solution proposed by Buterin against this threat suggests two types of heavy and light staking:

You basically try to explicitly separate out those two and potentially require both heavy stakers and light stakers to sign off on a block in order for the block to get finalized, he said. So you try to add the security of both of those approaches together.

In rainbow staking, heavy stakers, in other words those who have more Ether, can sign every slot. However, on the other hand, light stakers can sign the slots with a lottery system.

Buterin added that serious research and studies are still needed to develop and implement this system, and he made the following statements:

To me, the biggest questions here are not even technical; theyre philosophical. It is important to understand the intended answer behind ways to enable lazy ETH holders who want rewards to participate in securing the Ethereum network. Buterin said.

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Vitalik Buterin unveils plan to secure Ethereum with 'Rainbow Staking' - Uzmancoin

Ethereum, the trailblazer in the world of smart contracts, is at a crucial turning point. Thanks to the successful roll-out of the Dencun hard fork, its gearing up for an exciting new chapter that zeroes in on Layer-2 (L2) solutions. This big move, which even Ethereums co-founder Vitalik Buterin is talking up, marks a huge step forward into making things faster and more efficient.

But its not just Ethereum thats gearing up for a bullish future. InQubeta, a top ICO in the field, an AI-powered altcoin, is also gaining traction, indicating a potentially optimistic future for the blockchain space.

The recent Dencun hard fork marks a monumental step for Ethereum, ushering in an era where Layer-2 solutions take center stage. At ETH Globals Pragma London, Buterin got real about whats next. He pointed out that weve made some progress with basic rollup scaling, but were not at the finishing line yet getting to full scalability is going to be a step-by-step journey.

The big focus now is on building decentralized apps right on those Layer-2 platforms. This isnt just tech talk its about slashing costs and making the whole network run smoother and faster. This paradigm shift is vital for Ethereums mission to have a broader impact on the internet and traditional financial systems, moving beyond its first decade of inward-focused development.

Parallel to Ethereums evolution, Optimism stands out as a prominent Layer-2 solution. By leveraging the security of Ethereums mainnet, Optimism aims to scale the ecosystem with its optimistic rollups.

Hosting over 97 protocols and harboring more than $500 million in Total Value Locked (TVL), Optimism is shaping up as a crucial player in the Ethereum landscape. Its approach simplifies user interaction with the Ethereum network, providing a seamless transition for those venturing into Layer-2 solutions.

In the shadow of Ethereums transformative journey and Optimisms rise, a new ICO is making waves: InQubeta, an AI-powered altcoin set to challenge the status quo.

InQubeta is not just another addition to the top ICO list; its a paradigm shift, leveraging AI technology to foster innovation and growth in blockchain applications. By providing a platform for fractional investment in AI startups, InQubeta has the potential to break down barriers and democratize access to investment opportunities that were once exclusive to tech elites.

Any startup seeking funds can issue popular NFTs on InQubeta, putting them up for sale. QUBE holders can either own the entire NFT or just a fraction of it, based on their risk appetite. This entitles them to own shares in a promising venture, which if successful, can reap significant rewards.

QUBE, being a deflationary ERC20 coin is not only rewarding, but also transforms the way AI companies are funded and investors are benefited. The success of its ongoing presale, amassing over $12 million, shows the market confidence in this new blockchain ICO.

As InQubeta continues to gain traction, its set to reshape the AI crypto landscape. Its roadmap, brimming with ambitious projects such as the launch of an NFT marketplace and cross-chain expansion, positions InQubeta at the forefront of AI and blockchain integration. This bold vision could significantly influence the future trajectory of the crypto market, much like Ethereums shift towards a Layer-2 centric future and Optimisms growing adoption.

The world of blockchain is changing big time. Ethereum is moving towards innovative Layer-2 solutions, and with new players like Optimism and InQubeta popping up, were stepping into a whole new era of crypto. This shift is all about making things bigger, faster, and easier for everyone.

InQubeta is bringing some fresh ideas to the table, and along with the latest updates from Ethereum and Optimism, we could be on the brink of something exciting for blockchain and AI. As everything keeps moving, these changes could seriously shake up what we thought was possible in the worlds of crypto and AI. Its a thrilling time to be watching this unfold, but make sure to do proper research before investing.

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Vitalik Buterin Says Ethereum Requires Mindset Shift for Global Reach; Optimism & New AI Altcoin Anticipate Bullish ... - CoinJournal