Crypto exchanges must prioritize survival over competition in the next two years Ethereum co-founder Vitalik Buterin told Moneycontrol that because of the major exchange hacks, the crypto industry's priority in the next two years should be survival rather than competition. He said recent major attacks are increasingly targeting user interfaces and core components rather than smart contracts, prompting exchanges and custodians to adopt a more defensive approach. Continued security breaches may also trigger more stringent regulatory requirements. In the website roadmap, Butrin emphasized the role of zero-knowledge proofs, AI and formal verification in advancing Lean Ethereum. He also argued that Layer 2 networks should focus on differentiated applications, including high-performance DeFi, privacy and enterprise use cases, rather than simply replicating the scaling capabilities of websites. - Link.

Crypto exchanges must prioritize survival over competition in the next two years Ethereum co-founder Vitalik Buterin told Moneycontrol that because of the major exchange hacks, the crypto industry's priority in the next two years should be survival rather than competition. He said recent major attacks are increasingly targeting user interfaces and core components rather than smart contracts, prompting exchanges and custodians to adopt a more defensive approach. Continued security breaches may also trigger more stringent regulatory requirements. In the website roadmap, Butrin emphasized the role of zero-knowledge proofs, AI and formal verification in advancing Lean Ethereum. He also argued that Layer 2 networks should focus on differentiated applications, including high-performance DeFi, privacy and enterprise use cases, rather than simply replicating the scaling capabilities of websites. - Link.