Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’

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Ethereum co-founder Vitalik Buterin says there are three major technical “transitions” crucial to Ethereum’s future.

Another point of failure, according to Buterin, is around wallet security as it relates to smart contract wallets.has added more complexity for users wishing to obtain the same address across Ethereum and various layer-2s.

“Even when you can have hash equivalence, the possibility of wallets changing ownership through key changes creates other unintuitive consequences.” In addition to wallets securing crypto assets, Buterin explained that wallets will need to secure data in order to truly transition into an on-chain world with zero-knowledge rollups:

Source: Digital Coin News (digitalcoinnews.net)

 

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In a June 9 post via his personal blog, VitalikButerin explained that the Ethereum blockchain outright “fails” without sufficient scaling infrastructure to make transactions cheap.

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