Vitalik Baterin, co-founder of Ethereum, has said that to strengthen Etreum, not just technical reforms, but also apps with good thinking (just right social philosophy) are also needed. They believe that only apps made on Etreum will decide how beneficial this technology will be for the people.
recently Vitalik Buterin Ethereum Roadmap Also released.
What is the difference between apps with Just Right Social Philosophy and Sinful Social Philosophy?
According to Vitalik Buterin, apps with just right social philosophy are those who protect people’s privacy, keep transparency and do not give full control in the hands of one person or organization. He described Railgun (Privacy-Focused Protocol), FARCASTER (Decantlized Social Media), Polymarket (Predited Market) and Sign (Private Messaging App) as apps which have been made with the right thinking.
At the same time, Sinful Social Philosophy apps are those that are made only to earn money or cheat people. He has given examples to pump.amusing (MEMCOIN platform), Terra/Luna (Unstable Crypto Project) and FTX (Fraud Exchange). Buterin says that the thinking of developers decides what role an app will play in the society.
Importance of “Good Social Philosophy” for Ethereum
Ethereum is an open-source and decentralized network, which anyone can use. But if the developers make apps only to earn money, then the real motive of Ethereum will be over. Vitalik Baterin believes that Ethereum needs developers that use technology for the benefit of society.
He has put a change in the Ethereum’s Evidence of Stake System and Shiny Purchasers as examples that were not just technical reasons, but also included environmental concerns and dysentery thinking. If you want to know that Click on the link what is Ethereum,
What is Utility Layer?
Utility Layer is part where apps working on blockchain are formed. They are called dyscentralized apps, which use blockchain protection and transparency. Just as there are apps on your phone, there are also apps on blockchain, but their data is not centralized, but is dysmented.
It gives layer developers a chance to make apps, such as crypto wallets, NFT platforms, decentralized social media apps and defi apps. These apps have a common app like UI (Consumer Interface) and Consumer Revel in, but their data is stored safely on blockchain.
Conclusion
This statement of Vitalik Buterin reveals the thinking of seeing Ethereum not just a technical platform, but a social change medium. He says that developers should not only do coding, but should also think what they are making and what its effect will be on the society. If Ethereum is to be made a positive power, then the thinking of the developers working on the application layer has the most important.
