The fall of FTX took away the money of many users, while Uniswap and MakerDAO continue to work perfectly for years. I hope that by 2025 people will understand the advantages of cryptocurrencies and non-financial applications on the Blockchain, and access to them will be obtained on the blockchain, and not through accounts on Binance.
Vitalik Buterin said
Insights on the Decentralization of Exchanges
During the conversation, Suji Yang and Buterin also discussed the bankruptcy of the FTX exchange. According to Buterin, decentralization is the key to avoiding such events in the future. He emphasized that if exchanges are decentralized, such occurrences will be impossible.
The fall of FTX resulted in financial losses for many users. In contrast, decentralized exchanges like Uniswap and MakerDAO have been operating smoothly for years. Buterin expressed hope that by 2025, more people would understand the benefits of cryptocurrencies and non-financial applications on the Blockchain. Moreover, he believes that access to them will be obtained through the blockchain and not via accounts on centralized exchanges like Binance.
Vitalik Buterin's Advice to Cryptocurrency Traders
In the past, Vitalik Buterin has also advised cryptocurrency traders to focus on the technology rather than the market's fluctuations. This advice comes at a time when many traders are more concerned with the market's performance than the underlying technology's potential.
Conclusion
Vitalik Buterin's insights and opinions hold a lot of weight in the cryptocurrency and Blockchain space. His beliefs on the potential of zk-STARK and the decentralization of exchanges are significant. If these views are realized, they can pave the way for a more secure, scalable, and accessible Blockchain ecosystem in the future.