Vitalik Buterin Urges Ethereum To Grow Beyond DApps

The developer and co-founder of Ethereum recently urged the community to innovate beyond decentralized finance. He made these statements during a conference that took place in Paris. According to Buterin, non-financial utilities are part of the vision general-purpose blockchains such as Ethereum aims to offer. But he is somewhat disappointed that the ETH blockchain is now seeing more financial application only. Related Reading | Ethereum Founder Vitalik Buterin Spotted With Hollywood Celebrities Buterin stated that it is better to know Ethereum by decentralized finance instead of for nothing. But, the blockchain has to be known for more. The lead developer mentioned that other applications outside the financial sector can still be developed on the ecosystem to support this. For instance, developers can also build applications such as retroactive public goods funding, identity verification & attestation, and decentralized social media on Ethereum. Buterin also stated clearly that innovating beyond decentralized finance doesn’t mean being against it. He even mentioned that Ethereum applications that combine both finance & non-finance elements would really be interesting. After a sudden drop in price, ETH is now slightly recovering from previous losses | Source: ETHUSD on TradingView.com He believes that exciting things might offer different values for people on the network and beyond it in a few years to ...