Vitalik Buterin · Ethereum · CoinDesk
Buterin argues that newer cryptographic tools can break that constraint
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A computer could process transactions and produce a short mathematical proof that it followed the rules.
Key facts
- Ethereum co-founder Vitalik Buterin said Sunday that the network he envisions for 2030 may still be called a blockchain, but it would work differently from today’s version
- Researchers behind the Shielded Bitcoin paper published Thursday have proposed borrowing Zcash’s payment design for BTC
- In a post titled “The cryptographic world computer,” Buterin described a system combining a blockchain with cryptographic proofs and networks of computers working outside it
- Ethereum already lets people send money, trade tokens and borrow through applications that run according to shared rules
Summary
Ethereum co-founder Vitalik Buterin envisions a 2030 network that uses cryptographic proofs and computers working off-chain to process more transactions without requiring every participant to repeat the same calculations. The proposed system would let users independently verify results more efficiently while improving privacy for payments, balances and wallet activity. Buterin said Ethereum’s transformation would accelerate after the planned Hegotá upgrade, though developers must still make proofs cheaper and coordinate parallel work securely. Ethereum co-founder Vitalik Buterin said Sunday that the network he envisions for 2030 may still be called a blockchain, but it would work differently from today’s version. In a post titled “The cryptographic world computer,” Buterin described a system combining a blockchain with cryptographic proofs and networks of computers working outside it.