• Buterin talks about the importance of Ethereum to face a global crisis in the Ethereal Virtual Summit 2020.

Vitalik Buterin, in the Ethereal Virtual Summit 2020, stated that he is optimistic that the Ethereum network will play a crucial role in bringing the nations together from all around the world, in times of a global crisis.

The event that was held on 7 May and 8 May featured several speakers including the co-founder of Ethereum, Vitalik Buterin. Buterin, speaking to The Defiant’s Cami Russo, stated that the present global predicament is not just related to the financial sector and perhaps something like the Ethereum Network is what the world needs to do away with political disparity and mistrust between the countries. Buterin stated:

“I definitely think that there’s a role for blockchains — and Ethereum in particular — to play in being this kind of neutral global player role [for] these systems, currencies, and applications to interact. I think anything created and maintained by nation-states can’t play that role.”

Buterin further stated that the current crisis can spark a new crypto-wave and that cryptocurrencies such as ETH can grow and provide the solution to many problems in the world including the non-financial issues.

“The cryptocurrency space… for the first decade or so, it was really focused on the financial aspects — censorship resistance of money… but here in 2020 we’re definitely seeing a lot of the same themes, but it’s somewhat less financial than before.”

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