Vitalik Buterin, co-founder of Ethereum, shared his view on how Ethereum
In a blog post published on September 20, Buterin explained a challenge within the Ethereum community.
Some applications have generated revenue, such as trading platforms, meme coins, and non-fungible tokens (NFTs). On the other hand, projects that share those values have not brought in much revenue. This divide has caused uncertainty about how Ethereum should sustain itself.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Tezos? XTZ Cryptocurrency Easily Explained (ANIMATED)
To address this, Buterin proposed that more stable DeFi services could become a consistent source of income.
He mentioned protocols like Aave
He compared this idea to how Google earns its main revenue from search and ads, even though it also builds products like phones and browsers. While those projects matter, they do not make nearly as much money.
Ethereum could do something similar by using reliable finance tools to earn money, while supporting other useful but less profitable projects.
However, since Ethereum is decentralized, it can avoid the negative effects seen in traditional companies. For example, he criticized Google for relying on ads that encourage the collection of user data, something that does not align with open-source values.
On September 13, Buterin shared concerns about involving artificial intelligence (AI) in blockchain project governance. What did he say? Read the full story.
