- Ethereum’s Early Days: Looking Back
- Layer-2 Solutions Are the Future
- OKX’s Transformation to a Web3 Tech Company
At TOKEN2049, Vitalik Buterin, Star Xu, and Jeremy Allaire discussed the future of cryptocurrency. During the discussion, they shared their thoughts on the development of Ethereum, the significance of Layer-2 solutions, and the evolution of companies in the Web3 space.
Ethereum’s Early Days: Looking Back
Vitalik Buterin reflected on how far Ethereum has come since the whitepaper was released. He didn’t expect Ethereum to grow so explosively, but today we see stablecoins, DeFi, and decentralized communities flourishing. The one surprise was NFTs. Vitalik admitted he never saw that one coming, especially the multi-million-dollar monkey pictures. Jeremy Allaire also commented on how early conversations with Vitalik in 2013 influenced the creation of a protocol for dollars on the blockchain and Circle’s emergence as a leader in the stablecoin market with USDC.
Layer-2 Solutions Are the Future
Vitalik Buterin emphasized the importance of Layer-2 solutions for the future of Ethereum. With solutions like Optimism and Arbitrum making Ethereum cheaper and faster, the main developers are now able to focus on larger upgrades like the merge. Star Xu also noted that OKX fully supports Layer-2 infrastructure, seeing it as a significant game-changer for the ecosystem.
OKX’s Transformation to a Web3 Tech Company
Star Xu shared how OKX is transforming from a simple exchange to a full-fledged Web3 technology company. He highlighted the importance of self-custody and how this technology gives people control over their assets in a way that centralized institutions cannot. This is part of OKX’s long-term vision.
The experts agreed that we are still in the early stages of cryptocurrency development, but the infrastructure for mainstream adoption is now in place. The next challenge is to make cryptocurrency accessible and user-friendly for everyone, not just the tech-savvy.
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