Vitalik Buterin outlines plans to ‘make Ethereum cypherpunk again’
The Ethereum (ETH) blockchain needs to revive the “ cypherpunk ” revolution envisioned for the network in its early days. The co-founder of the second largest cryptocurrency by capitalization, Vitalik Buterin, published a new post on his blog entitled “Make Ethereum Cypherpunk Again” that lists several ways to improve the network. According to Buterin, Ethereum was originally intended to be a “public decentralized, shared hard drive” that could use peer-to-peer messaging and file storage. However, this vision began to fade in 2017 with the turn towards the “financialization” of the protocol, Buterin states. Decentralization, open participation, resistance to censorship, and trustworthy neutrality are among the “ cypherpunk ” ideals Buterin wants to see in the future of Ethereum. He emphasized that rollups, zero-knowledge proofs, account abstraction, and second-generation privacy solutions that have become more common on the...