Yesterday I watched the movie “Vitalik: The Story of Ethereum” and thought again about the deep philosophy behind Ethereum.
Ethereum, which came to life under the leadership of Vitalik Buterin, is not just a simple application and cryptocurrency, but has fundamentally focused on the essence of blockchain technology, creating a new space for decentralization, individual freedoms, and communities. So how has Ethereum managed to become so successful? Here are 3 conclusions I have drawn and compiled from the documentary:
The first step towards Ethereum may have been a small step for Humanity, but it was a big step for blockchain technology.
When Vitalik first encountered Bitcoin and its philosophy and began to think about it with his daily life experiences, a spark began to ignite inside him. Vitalik Buterin imagined a system that was not under the control of central authorities and took this first step by writing a whitepaper. His dream: To create a decentralized infrastructure on which applications could be developed for peer-to-peer and intermediary-free communication and interaction, and that is how Ethereum sprouted.
Ethereum aims to increase the freedom of individuals by highlighting decentralization, one of the most important elements of blockchain technology. Moreover, its community-oriented structure increases the participation of users and creates a more democratic ecosystem.
Rather than seeing Ethereum as just a product, Vitalik describes it as a fertile garden that can be cultivated.
Ethereum provides developers with an application development infrastructure through smart contracts, allowing various projects to emerge. This allows the blockchain ecosystem to expand and grow rapidly. Contributors to the ecosystem are designing many new applications to facilitate communication and interaction between users, thus making transactions between peers more secure, simple and fast.
In essence, Ethereum thrives not on being unique, but on being many and diverse.
Commitment to the initial purpose, innovations, and Vitalik Buterin’s strong vision play an important role in Ethereum’s success.
Vitalik never forgets his purpose in creating Ethereum and always keeps this goal in front of him like a pole star. We see him emphasize this frequently in the documentary. The transition to Ethereum 2.0 brings this vision to life by offering a more environmentally friendly and faster transaction confirmation process. These updates, which improve the user experience, also allow the network to appeal to a wide audience. Vitalik’s clear direction helps Ethereum go beyond being just a technical platform and also paves the way for the community and developers to constantly create innovative solutions.
Thus, Ethereum continues to gain a permanent place in the crypto ecosystem by meeting the needs of both existing users and new participants.
Ethereum has become a successful platform thanks to many factors, such as focusing on decentralization and individual freedoms, establishing an efficient ecosystem infrastructure, and always keeping the purpose of existence at the forefront.
Vitalik Buterin’s vision makes it not just another app, but a technology that lays the foundations for the digital infrastructure and economy of the future.
The story of Ethereum stands before us as an example that demonstrates the power of innovation and community. I strongly recommend that you, our valued readers, watch this inspiring film as soon as you get the chance.