Vitalik Buterin, co-founder of Ethereum (ETH), is undoubtedly one of the foremost authorities when evaluating Ethereum-based projects. However, which ones does he personally use? Buterin also explains what Ethereum will be like 10 years from now.
ETH inventor prefers Uniswap to other DEXs
Analysts examined transactions sent from public Vitalik Buterin’s on-chain addresses on crypto data platform Arkham Intelligence to uncover Vitalik Buterin’s favorite decentralized applications (dapps). They detected 185 known interactions with dapps since September 2015. Filtering outgoing transactions ensures that only transfers actively sent by Buterin and signed with his private key are included. Because many projects send him tokens as a promotional show.
Visualization of 185 transactions sent to any of the filtered DApps by Vitalik Buterin | Source: Arkham IntelligenceOf the 185 transactions, 105 are for Uniswap (UNI), the leading decentralized exchange (DEX) with a total valuation of approximately $56.4 million. This is followed by rival DEX Balancer with 28 outgoing transactions worth just under $38,500.
Visualization of 105 transactions submitted to Uniswap by Vitalik Buterin | Source: Arkham IntelligenceTransactions on DEXs and domains
The Ethereum co-founder has also sent 17 transfers to Gitcoin (GTC), a crowdfunding platform for open source software development. These transactions are worth an impressive $709.2 million, money that likely played an important role in helping the Ethereum ecosystem grow. Buterin also sent 10 transactions to Ethereum Name Service (ENS) smart contracts to acquire and possibly renew domains. Interestingly, the first transaction was 50 ETH, while the second was 250 ETH, which was worth $113,000 at the time. Both transfers are offered for a domain name.
The ETH inventor also posted five transactions worth $118,120 on the Kyber DEX, but apparently lost interest in the platform considering the last transaction was already four years old. Similarly, it interacted with Loopring, Ethereum’s second-layer scalability solution based on zk-proof, four times three years ago and never touched it again. The remaining trades show an interaction with the simulated exit scam game Fomo3D, DEX Bancor (BNT), DEX Synthetix (SNX), and NFT marketplace Zora.
Bterin’s cryptocurrency donations
It has also sent four transactions worth $1,563 billion to the Crypto Relief India fund to help with India’s Covid outbreak. As you follow on Kriptokoin.com, Ukraine transferred another $2.63 million to Crypto Donation address in a single transaction. Ten months ago, he also sent two transactions worth $2,628 million to Unchain.Fund, a startup supporting Ukraine with humanitarian aid. The findings follow a January analysis that showed Buterin favored Coinbase over all other exchanges and deposited money almost exclusively on this particular centralized cryptocurrency exchange.
What will Ethereum (ETH) look like in 10 years? Vitalik Buterin explains
Altcoin Daily, a popular crypto influencer on Twitter, recently shared snippets of an interview with Vitalik Buterin, one of the co-founders of the Ethereum Blockchain, about the network’s outlook from this year to the next decade. According to Buterin, given that the EIP-4848 is designed to give Rollups more space, 2023 will be the year Rollups will mature. In particular, Rollups’ layer-2 scaling solutions that compile a group of transactions, convert them into a single data and send it to the Ethereum mainnet will come to the fore.
Buterin adds that the goal is for Ethereum scaling to become completely secure with full sharding, but it may take many more years to achieve. In the opinion of the ETH inventor, the Blockchain can be termed ‘complete’ by the end of 2023 after PoS withdrawals and other fundamental scaling improvements are implemented. Also, Buterin notes that the team may halt further development after the team transitions to PoS, handles withdrawals, and adds enough cryptography to Ethereum. But the ultimate goal is to ensure that the Ethereum ecosystem can support 500 million users before the bull market knocks on the door. Buterin says:
This is the next part of the future: we want to make Ethereum a very theoretical ecosystem that is still self-exploring, trying to be useful, usable and secure. Because these things will provide value to 500 million people.
Ultimately, the Ethereum founder emphasizes that they will make some critical changes to the Blockchain. It also makes Blockchain easier and more available to support developers to build layer two scaling solutions.
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