Vitalik Buterin, co-founder of Ethereum, today published a blog post "What Excites Me About the Ethereum Application Ecosystem". The article states that excitement about Ethereum is now no longer based on the potential of the undiscovered unknown, but on a few specific categories of applications that have proven themselves and are only getting stronger. The article discusses five aspects: currency (the first and most important application), DeFi (keep it simple), identity ecosystem (ENS, SIWE, PoH, POAP, SBT), DAO and hybrid applications. Vitalik Buterin also said that in the long term, many of these apps will need to overcome privacy concerns. The collapse of FTX showed many people the importance of holding funds through a truly decentralized solution. Rollup technology is rapidly evolving to solve scalability issues, and transactions are already included on-chain faster than three years ago. (Daily Planet)
