Vitalik outlines vision for Ethereum network, calling it “world computer”

At the Devcon 2024 held in Bangkok, Ethereum co-founder Vitalik Buterin outlined the progress of the network and its future vision, focusing on decentralization, scalability, and inclusiveness. In his keynote speech, Vitalik described Ethereum as the "world computer," a foundational platform for a diverse digital economy, emphasizing its role in promoting a globally decentralized economy that supports a vast on-chain ecosystem. Vitalik highlighted Ethereum's journey from its inception to becoming the underlying technology for various applications, and noted that the transition from PoW to PoS was a significant milestone. This transformation has reduced the network's energy consumption and enhanced its security and decentralization. He emphasized that Ethereum's PoS framework is crucial for creating a fair system, allowing for more decentralized control of the platform.