BlockBeats News, March 12th, Ethereum founder Vitalik posted a message stating, “I recently attended Real World Crypto and its related events, which helped me understand the use cases of blockchain more clearly. In what aspects can Ethereum create the most value? Based on my participation in these events, the first answer obtained is actually not what you would expect. It is neither smart contracts nor payments. Instead, it is what cryptographers call a ‘public bulletin board’.”
“Ethereum has great value. If you take a step back and look at it from first principles, purely viewing it as a technical tool: global shared memory, then you can understand its value. I guess a major bottleneck constraining the further expansion of this use case is that the world has not yet realized that we are no longer in the 2020-2022 phase. Today, transaction fees are extremely low, and we have a stronger scalability roadmap to ensure that even if usage surges significantly, fees will remain low. The infrastructure is also more mature in terms of shielding users from fee volatility.”
“Viewing Ethereum’s blobs as a bulletin board, ETH as an asset and universal payment backup, and Ethereum smart contracts as a shared programming layer, all of this is in full accordance with the decentralized, private, secure open-source software stack concept. However, we should continue to improve the Ethereum protocol and infrastructure to make it truly efficient in all these scenarios.”
