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Now let's break down Vitalik's speech 🦄 at #Token2049 in detail.
1- The evolution of crypto adoption:
From hype to reality
In 2013, Bitcoin was considered the future of the entire financial system, right? However, as Vitalik pointed out, although it was the next big thing, high transaction fees became a major obstacle to mass adoption.
2- Blockchains as
"digital concrete."
Vitalik presented an interesting analogy: blockchains are like digital concrete, that is, the foundation for building things that can last.
3. Cryptocurrency isn't just about efficiency
It's not just about saving a few cents on transactions, it's about offering new solutions to real-world problems.
4- Ethereum updates:
Fewer fees,
faster confirmation
Ethereum has come a long way,
and transaction fees have dropped from 10-50 cents to less than one cent!
The merger and updates like EIP-1559 have shown how the user experience has improved dramatically. 1 reply
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