Vitalik Buterin, the co-founder of Ethereum (ETH) and one of the most highly respected individuals in crypto, recently spoke at the TOKEN2049 conference in Hong Kong on March 13.
Buterin’s presentation was for the most part very technical, as he explained the status of Ethereum 2.0 along with its technicalities and 3 main phases: Proof-of-Stake, Sharding of Data, and Sharding of Compensation for Contracts.
As described by Buterin, Ethereum 2.0 is:
“An effort to bring together a lot of the technical ideas that we’ve had around things like sharding, Proof-of-Stake, improving the virtual machine, improving the efficiency of the protocol… and basically a next-generation blockchain.”
Apart from presenting the status and future developments of Ethereum 2.0, Buterin found some time at the end of his presentation to focus on things going on in the Ethereum ecosystem that he found to be very encouraging.
What’s Contributing to the Growth of Ethereum’s Ecosystem?
Buterin highlighted just 2 examples of what he believes to be very encouraging for the growth of Ethereum’s ecosystem.
The first is the growing adoption of DeFi/”Open Finance” apps, which are projects and applications built on 3 core principles: interoperability and open source, accessibility and financial inclusion, and financial transparency.
Such projects involved in this movement include MakerDAO, Coinbase Wallet, Kyber Network, Loopring, and many more. Buterin encourages the open community development of open-finance apps, and he believes Ethereum’s ecosystem is doing very well in supporting this.
The second thing Buterin mentions that’s contributing to the growth of the Ethereum ecosystem is the Brave browser. According to the blockchain genius, he sees Brave as one Ethereum’s most valuable adoptions, as Brave has contributed to the large-scale onboarding of new users to the Ethereum ecosystem.
Brave Browser, a Large-Scale User Onboarder in Ethereum’s Ecosystem
Buterin applauds Brave for being one of the top large-scale user onboarders in Ethereum’s ecosystem, and for good reason.
For the uninformed, the Brave Browser is a revolutionary new web browser that blocks ads and website trackers while adopting a new pay-to-surf-business model where web surfers get paid for their attention to ads with Basic Attention Token (BAT), a crypto token built on the Ethereum blockchain.
Not only does Brave work very well as a general web browser like Google Chrome, but it’s also the simplest and most secure way to access dapps on the Ethereum blockchain. Therefore, the Brave browser is beginning to play a major role in Ethereum’s ecosystem and is growing every day.
As previously reported by IIB, Brave recently reached 20 million downloads on Android and is continuously launching new features. For instance, Brave recently launched a tipping feature that allows users to tip their favorite content creators with BAT and get rewarded themselves for watching advertisements.
All in all, Brave browser is quickly gaining traction and is set to be a game changer for the adoption and growth of Ethereum’s ecosystem, decentralized applications, and cryptocurrency as a whole.
What do you think about the Brave browser? Have you downloaded it yet? Let us know in the comment section below.
