Vitalik outlines the improvement plan for the Ethereum network, describing it as a "world computer"

On November 13, according to CoinGape, at Devcon 2024 held in Bangkok, Ethereum co-founder Vitalik Buterin outlined the progress of the network and its future vision, focusing on decentralization, scalability and inclusiveness. In his keynote speech, Vitalik described Ethereum as a "world computer", a foundational platform for a diversified digital economy, emphasizing its role in promoting a global decentralized economy that supports a vast on-chain ecosystem.

Vitalik highlighted the journey of Ethereum from its inception to becoming the underlying technology for various applications. He stated that Ethereum's transition from PoW (Proof of Work) to PoS (Proof of Stake) is an important milestone. This change has reduced the energy consumption of the network and enhanced security and decentralization. He emphasized that Ethereum's PoS framework is crucial for creating fair systems allowing more decentralized control over the platform.