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Vitalik: Ethereum's Core Value is a Global Shared "Bulletin Board," Smart Contracts and Payments are Merely Add-On Features
Ethereum co-founder Vitalik Buterin posted on X platform stating that Ethereum's fundamental value is not smart contracts or payment functionality, but rather as a publicly writable and readable "bulletin board" that provides data availability support for cryptographic protocols.
He pointed out that many cryptographic protocols—including secure online voting, software version control, certificate revocation, and others—require a public data space. Ethereum's upgraded PeerDAS mechanism can increase data availability by 2.3 times, with potential for further improvements of 10 to 100 times.
Buterin also emphasized that ETH's role in payments, Sybil attack resistance, and smart contract security deposits makes it a core component of a decentralized, private, and secure open-source technology stack.
He believes that Ethereum can be viewed as "global shared memory," and low fees and scalability improvements will further drive its application adoption, including DeFi and more potential use cases.