Vitalic Buterine, Ethereum ( ETH) stated that in order to be successful, it must complete three important transitions.
Ethereumfounder Vitalic Buterine published an important article about the project. Posting on his blog, Buterin touched on three critical transitions needed for Ethereum to succeed.
Buterin listed three simultaneous transitions that Ethereum must go through for success: layer-2 pass, wallet security passAnd privacy pass.
Vitalik Buterin Addresses Critical Transitions for Ethereum
Ethereum ( ETH) founder Vitalic Buterine shared a blog post about Ethereum. According to this article Buterine thinks three critical transitions ahead of Ethereum are vital. Moreover Buterine, if any of the transitions fail EthereumHe stated that it would also fail.
Buterinehighlighted the layer-2 solution of Ethereum’s three key transitions. Buterine, if this transition is not achieved Ethereumin transaction feessaid it will rise. EthereumAccording to the founder of , without layer-2 transition Ethereumwill be considered unsuccessful. Buterinethinks that users will start to turn to centralized exchanges due to high transactions.
popular name of krypton Buterine, Ethereum He stated that another important transition for the company is about wallet security. According to Buterin, if the wallet security transition is not provided, users may feel uncomfortable with storing their funds and migrate to centralized exchanges. Buterine, considers this second transition to be of critical importance as well.
Finally Buterine, the third important transition said it was secrecy . This transition includes social improvements and sensitivity to identity. According to Buterin, Ethereum could fail if the privacy transition is not provided. Specifically, Buterin said that he will act to protect users’ data if confidentiality is not ensured.
