Vitalik Buterin Highlights Meme-Based Crypto Platforms and Supports Privacy Innovation

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Jakarta, Pintu News – Vitalik Buterin, co-founder of Ethereum (ETH), recently highlighted the importance of crypto platforms that are driven by purpose and privacy, not just hype. In an era where trends influence many blockchain projects, Buterin emphasized the importance of ethical values and long-term usability in the development of blockchain technology.
Buterin strongly criticized platforms like Pump.fun that promote the rapid creation and promotion of meme coins. According to him, such platforms demonstrate a misguided social philosophy that prioritizes hype over substance. In an interview on the Warpcast.com platform, Buterin stated that the differences in the applications developed reflected differences in the developers’ beliefs about their goals.
Buterin compared meme-based platforms to previous failures such as Terra Luna and FTX, emphasizing the dangers of projects that lack an ethical foundation and long-term utility. These failures, he believes, are important lessons for the industry to focus more on responsible development.
Read More: Market Volatility: Mantra Token Plummets 90% in an Hour, Here’s the Explanation
Instead, Buterin gave credit to Railgun, a decentralized finance (DeFi) protocol that enhances transaction privacy through Privacy Pools. This feature allows users to maintain anonymity while proving that their funds did not come from illegal activities, in line with regulatory compliance without compromising privacy.
In addition, Buterin also supports Polymarket, a decentralized prediction market platform, which he defends from regulatory scrutiny. He argues that thinking of it as gambling is a misconception, highlighting its role as a social epistemic tool that provides valuable insights into public sentiment and future events.
Buterin’s latest statement emphasizes the importance of aligning technological innovation with ethical considerations, encouraging a blockchain ecosystem that prioritizes privacy, utility, and integrity over passing trends. Currently, Ethereum (ETH) is trading at $1,636.23, reflecting a gain of 1.85% in a day and 5.38% in a week, according to data from CoinMarketCap.
With a focus on privacy and utility, Buterin is calling on developers and stakeholders in the crypto industry to move beyond short-term gains. Through his support of projects like Railgun and Polymarket, Buterin is demonstrating his commitment to a more secure, equitable, and sustainable future for blockchain.
Also Read: Will the Ripple vs SEC Case Be Resolved Soon? Check out the Expert Review!
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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