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Ethereum, OKX, and Circle Leaders Discuss: Decoding the Next Three Years of Blockchain



Ethereum, OKX, and Circle Leaders Discuss: Decoding the Next Three Years of Blockchain


At the Token2049 conference in Singapore, Ethereum co-founder Vitalik Buterin, OKX founder and CEO Star Xu, Circle co-founder and CEO Jeremy Allaire, and CMO Haider Rafique gathered to deeply discuss the future development of the crypto industry over the next three years. This dialogue not only reviewed the origins and history of blockchain technology but also looked ahead to the core trends in the industry and their potential impact on the global financial ecosystem.


Vitalik Buterin: Evolution and Outlook of Ethereum


Vitalik first recounted the journey of Ethereum from concept to reality, emphasizing its profound impact on decentralized technology. He pointed out that Ethereum is not just a blockchain platform but a tool to transform global financial and technological infrastructure. As Ethereum has developed, it has transcended being a mere smart contract platform, gradually becoming the driving force behind emerging fields such as decentralized finance (DeFi), NFTs, and DAOs. Vitalik specifically noted that while Ethereum faced many doubts in its early stages, its influence has now far exceeded expectations. He stated, “The widespread application of blockchain technology has become a reality, and Ethereum is undoubtedly one of the cornerstones of this ecosystem.”


Vitalik also discussed the future technological evolution of Ethereum, particularly the crucial role of Layer 2 scaling solutions. Layer 2 technology can address the scalability issues of the Ethereum main chain, allowing the network to accommodate more transaction volumes and applications. He believes that this technology will drive Ethereum's continued development, especially in decentralized application scenarios worldwide. He added, “In the coming years, Layer 2 technology will become the core driving force of the Ethereum ecosystem, supporting larger-scale applications and users.”


Star Xu: OKX's Transformation and the Future of Decentralization


Star Xu, the founder of OKX, reminisced about the cooperative journey with Ethereum and shared the story of how OKX gradually transformed from a centralized exchange into a Web3 technology company. Star Xu pointed out that OKX’s goal is not just to provide trading services to users but to be at the forefront of blockchain technology innovation. With the increasing market demand for decentralized services, OKX has invested significant resources in self-custody technology and decentralized financial tools. He believes that self-custody will become a mainstream demand for future Web3 users because users controlling their assets rather than relying on centralized platforms is the core value of decentralized finance.


He recalled that he was initially not very optimistic about Ethereum and even refused to list it on OKX. However, as the Ethereum ecosystem grew, Star Xu's perspective changed. He emphasized that Ethereum has now become the core infrastructure of the blockchain world, driving the development of the entire industry. In the future, OKX will focus on building a safer decentralized platform to better support users in managing their digital assets.


Jeremy Allaire: The Future of Stablecoins and Global Finance


Jeremy Allaire's remarks centered on the role of stablecoins in the future financial system. Allaire shared Circle’s transition from traditional crypto trading to the stablecoin sector, especially the rapid rise of USDC (USD Coin) in the global market. He noted that USDC is not just a digital currency but also a part of the global financial system. With the popularity of stablecoins, the future global financial system will become more efficient, transparent, and will bring more innovative opportunities.


Allaire believes that in the coming years, stablecoins will become an important component of global financial infrastructure, providing new possibilities for borderless finance and cross-border payments. Furthermore, he sees immense potential in on-chain credit, especially the development of unsecured credit. He pointed out that the transparency and decentralized characteristics of blockchain technology make on-chain credit significant in the future global economy.


Future Trends: The Deep Integration of Layer 2, DeFi, and Stablecoins


In the conference discussion, the four guests reached a consensus on the development trends of the crypto industry over the next three years. Vitalik particularly emphasized the importance of Layer 2 scaling technology, stating that it will be key to solving Ethereum's scalability issues and will support the widespread adoption of future decentralized applications. Star Xu also believes that the core of decentralized finance lies in user self-custody, and OKX will continue to promote this concept, providing users with more decentralized solutions.


At the same time, Jeremy Allaire further emphasized the development potential of stablecoins and on-chain financial services. He believes that stablecoins are not only part of the crypto industry but also an important pillar for the future of global finance. As these technologies develop, the global financial market will become more efficient, and financial services will become more accessible and democratized.


In his concluding remarks, Vitalik stated, “The vision of Ethereum has always been globalization and decentralization, and what we see today is the realization of this vision. The next three years will be a critical period for the deep integration of technology and the financial system.”

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