PANews reported on November 13 that according to CoinGape, at Devcon 2024 held in Bangkok, Ethereum co-founder Vitalik Buterin outlined the network's progress and its future vision, focusing on decentralization, scalability, and inclusiveness. In his keynote speech, Vitalik described Ethereum as a "world computer" and a basic platform for a diversified digital economy, emphasizing its role in promoting a global decentralized economy that supports a huge on-chain ecosystem.
Vitalik highlighted the journey of Ethereum from its birth to becoming the foundational technology for various applications, and called Ethereum's transition from PoW to PoS an important milestone. This shift reduces the network's energy consumption and enhances security and decentralization. He emphasized that Ethereum's PoS framework is essential to creating a fair system, allowing for more decentralized control of the platform.
