On June 20, Ethereum Co-Founder, Vitalik Buterin, and his father, Dmitry “Dima” Buterin, shared insight on the market meltdown and the future of the crypto sector in a special interview and AMA session.
Vitalik, who was introduced to cryptocurrency by his father, Dima, a Russian-born engineer and entrepreneur, said calmly that they had become used to the volatility of cryptocurrency.
Despite significant short-term panic in the market, which heightened in the aftermath of Terra’s collapse, inflation worries, and Fed interest rate rises, Dima highlights that nothing has changed for crypto’s long-term potential.
Buterin admits that, although the crash is difficult, he feels that it is at these periods that “the most significant enterprises are nourished and produced.”
The Ethereum Co-Founder said that he did not enter the cryptocurrency industry for the money. In fact, Vitalik is certain that he invented Ethereum for purposes other than finance, and he is dissatisfied when Ether is utilised exclusively as a speculative asset.
Both father and son perceive, and have encouraged developers to investigate, other use cases for Ethereum outside of banking. According to Vitalik, Ethereum was created for the network rather than its possible financial use cases.
The visionary also said that changes to the Ethereum blockchain would be made on a regular basis, the most important of which is the ‘Merge.’ The Ethereum creator has revealed a vision for the future of digital assets called ‘Soulbound’ tokens.
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