Quantcast

Ethereum Co-Founder Vitalik Buterin: 'We are not early to crypto, but we are early to crypto actually being usable'

Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
Hong Kong's OSL eyes Indonesia expansion with $15 million crypto exchange acquisition
FCA-registered BCP launches British pound stablecoin
Crypto: Ripple's RLUSD stablecoin will now also be used in the United Arab Emirates
Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Changpeng Zhao offers a dark pool-style DEX for invisible crypto orders
End of tariffs? Judge blocks Trump's Liberation Day
The TACO trade is gaining popularity; what is it?
B2B stablecoin payments surge to $36 billion annual pace, survey finds
Russian banks debut crypto products for qualified investors
Reserve Bank of India to roll out new use cases for digital rupee
Bitcoin creator becomes richer than Bill Gates
EU revises growth downwards to 0.9% in 2025, weighed down by Donald Trump's customs duties
United Kingdom: Crypto firms will have to report all customer transactions
Ethereum on the brink of an incredible surge? This expert's bold prediction
DOJ is investigating Coinbase data breach— Report
Ethereum Co-Founder Vitalik Buterin: 'We are not early to crypto, but we are early to crypto actually being usable'
Web3/Crypto
Webp buterin
Ethereum Co-Founder Vitalik Buterin | X

On September 18th, Vitalik Buterin, co-founder of Ethereum, said at the TOKEN2049 conference in Singapore that while blockchain technology has been around for over 15 years, it is only now reaching a level of usability that can drive mainstream adoption. 

"We are not early to crypto, but we are early to crypto actually being usable," Buterin said. "The reasons not to use crypto are no longer here."

He highlighted significant improvements in scalability, transaction fees, and user experience that are making decentralized applications more accessible than ever.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

According to Buterin, the blockchain industry is entering a period where the barriers to mainstream adoption are being dismantled. Advances in technology have reduced transaction fees to less than a cent and decreased confirmation times to seconds. Additionally, the user experience of decentralized applications now rivals that of traditional web applications, enhancing accessibility for everyday users.

Technological advancements, particularly in Ethereum Layer 2 solutions, have impacted the blockchain landscape by making transactions faster and more affordable. The implementation of updates like EIP-1559 and the Ethereum Merge has reduced transaction confirmation times to as little as 5 to 15 seconds. These developments have eliminated previous obstacles such as high fees and slow processing times that once hindered widespread adoption.

The evolution of decentralized applications is also notable. User interfaces have improved dramatically, offering experiences comparable to traditional web platforms. This progress extends to areas like decentralized social media, privacy-preserving technologies, and smart contract wallets with multi-signature security, which provide both convenience and enhanced security without relying on centralized entities.

Buterin pointed out that the unique value proposition of blockchain technology lies in its ability to create "digital concrete," enabling the construction of secure and persistent digital structures. This robustness allows for new forms of social and financial interactions that are resistant to censorship and centralization.

Looking ahead, Buterin expressed optimism about the next decade, envisioning a future where blockchain technology seamlessly integrates into daily life without forcing users to compromise on security or convenience. He advocates for solutions that maintain decentralization while achieving practicality, emphasizing that the industry does not have to choose between the two.

"We do not have to choose between sacrificing practicality for decentralization or vice versa. We can have both," he concluded, inspiring the audience to continue innovating in ways that uphold the foundational principles of blockchain technology.

According to a Binance report, In September 2024, the cryptocurrency market experienced an 8% increase in total market capitalization, driven by positive global economic factors such as lower interest rates in key economies like the U.S. and China. 

Organizations Included in this History
More News

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025

Changpeng "CZ" Zhao, founder of Binance, said that practical education data from his Giggle Academy learning platform will connect young learners to job opportunities instead of focusing on degrees.

Jun 23, 2025

Farid Mahmoodi, a crypto trader and whistleblower, has raised serious allegations against the cryptocurrency exchange Bitget.

May 29, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Codex Finance, which is allegedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Dragonfly Capital Fx, which is reportedly offering financial and crypto-related services without proper authorization.

May 22, 2025