Vitalik Buterin has outlined his ideas on what kinds of projects inside the Ethereum ecosystem may operate as critical cornerstones of what Ethereum’s future might look like.
In a blog post, Buterin shares that he’s excited about Ethereum-based projects that are working on DAO-governed stablecoins with a focus on real-world assets and zero-knowledge decentralized identities. According to to the Ethereum co-founder, the recent collapse of FTX has had a benign impact on the crypto market and its wide array of users, to the extent that the very idea of decentralization might be put to question and rendered uncertain.
To Buterin’s mind, stablecoins issued with a strong decentralized autonomous organization (DAO) forming a pillar behind its governance would provide users with better benefits in terms of utility as a currency, for the longer term. In terms of the use of crypto as a replacement or subsumption of traditional fiat currency, this Buterin argues that using crypto for transactions
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