Vitalik Buterin reveals exciting use cases for Ethereum ecosystem
Ethereum co-founder Vitalik Buterin published a blog post to illustrate use cases that excite him about the Ethereum ecosystem. The post looked at money, DeFi, digital identity, DAOs, and hybrid apps showcasing the breadth of utility within the Turing complete blockchain network. What in the Ethereum application ecosystem excites me - vitalik.eth (@VitalikButerin) Disyembre 5, 2022 On money Among the apps he prefers in the Ethereum ecosystem are those based on the use case of money. According to Vitalik, these apps help to ease donations and, in most cases, avail safety against de-platforming. The Ethereum co-founder also talked about stablecoins, believing they have many use cases as they are open to anyone, resistant to censorship, and interact well with on-chain infrastructure like DEXes. In comparison, he maintains that stablecoins like USDC work and their stability is dependent on the macroeconomic and political stability of the United States. Buterin also thinks that non-pegged stablecoin RAI can withstand all these risks and has a negative interest rate. Further, Vitalik argued that DAO-governed Risk Weighted Assets (RWA) backed stablecoins could be viable if they combine scalability, robustness, and economic practicality while resisting censorship. On DeFi and Digital Identity The co-founder hinted that the world of DeFi and Digital Identity has, over