What signals did Vitalik convey in his keynote speech at EDCON?
On the afternoon of May 20, 2023, @VitalikButerin gave a keynote speech on " Three Technical Challenges of Ethereum: Scaling, Privacy, and User Security " at the @EDCON2023 conference, and the audience was packed.
V God's costume this year still lives up to expectations, wearing a traditional Montenegrin costume (the Montenegrin government will grant Vitalik citizenship in 2022).
Thanks to @HaoChenWen1 for the photo
First of all, #VitalikButerin believes that #Ethereum has entered the application stage from the theoretical stage. Although he walked on the streets of Argentina, many people know him, but he found that most people only pay attention to speculating on coins and small pictures, and using centralized exchanges carried out.
CEX has the advantages of being cheap, convenient, and recoverable (account), but if an "elite" like SBF takes your money and messes around, the result is that you can't get your money back.
So why aren't people using Dapp for transactions? That's because @ethereum 's scalability (Scalability) is too bad (expensive and slow) right now.
However, in recent years, layer 2 (optimistic and ZK routes) is gradually solving this problem, such as (note the order): Optimism, Arbitrum, Scroll, Taiko
Zksync), and the community proposed EIP4844, EIP3668, EIP5559 and other proposals.
Another problem is privacy. You don't want to let others know how much money you have in your wallet and what coins you have bought when you tell others your ENS address.
Stealth address can generate a temporary address to receive funds.
But if it is completely anonymous, it will be used by criminals to launder money. Therefore, I am trying to do a Proof of Innocence solution based on ZK to prove the innocence of @TornadoCash outflow funds.
He himself uses multisig (multisig) and social recovery (social recovery) to protect his wallet security. He believes that using ZK for social recovery (ZK-SNARKs) is a kind of encrypted asset management that guarantees privacy and is very safe. plan.