Vitalik Buterin Highlights Expanding Cryptocurrency Functionality to Counter Memecoin Narrative

IconCryptoNewsTerminal Staff13 Jun, 2024

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Vitalik Buterin Highlights Expanding Cryptocurrency Functionality to Counter Memecoin Narrative

Ethereum creator Vitalik Buterin has emphasized the need to expand the functionality of cryptocurrency to combat the popularity of memecoins like X. Buterin suggests exploring applications such as zero-knowledge proofs (zk proofs), peer-to-peer cross-border payments, decentralized social networks, and censorship-resistant voting to counter the memecoin narrative. These use cases can showcase the true potential of cryptocurrency beyond speculation and entertainment. By embracing innovation and broadening its scope, the cryptocurrency industry can distinguish itself from the noise surrounding memecoins and demonstrate its transformative capabilities.

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