Odaily Planet Daily reports: Vitalik Buterin posted on X that Ethereum’s fundamental value lies not in smart contracts or payment functions, but in serving as a publicly writable and readable “bulletin board” that provides data availability support for cryptographic protocols. He noted that many cryptographic protocols—including secure online voting, software version control, and certificate revocation—require a public data space, and Ethereum’s upgraded PeerDAS mechanism can increase data availability by 2.3 times, with potential for further improvements of 10 to 100 times. Buterin also emphasized that ETH’s roles in payments, Sybil attack resistance, and secure smart contract deposits make it a core component of a decentralized, private, and secure open-source technology stack. He views Ethereum as a “global shared memory,” and believes that lower fees and scalability improvements will further drive its adoption, including in DeFi and many other potential use cases.
Vitalik Buterin: Ethereum's Core Value Is a Global Shared 'Bulletin Board'
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Summary
Vitalik Buterin emphasized on X that Ethereum’s core value lies in its role as a global shared “bulletin board” for data availability. He noted that while the EVM enables Ethereum’s smart contract functionality, the network’s key purpose is ensuring public read and write access to data. He stated that Ethereum’s PeerDAS upgrade can increase data availability by 2.3 times, with potential for 10–100 times more. Buterin also highlighted ETH’s use in payments, Sybil resistance, and as collateral for smart contract execution, calling it a foundational component of a secure, decentralized stack. He added that lower fees and scaling progress could help Ethereum expand into DeFi and beyond.
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