Ethereum founder Vitalik Buterin: DeFi can now compete with traditional banksIn today's rapidly changing world of Crypto Assets, Ethereum co-founder Vitalik Buterin, known in the community as "V神", has once again made waves with his forward-thinking insights, dropping a bombshell for the entire industry. He not only expressed confidence in the security of Decentralized Finance (DeFi) in public, believing it can compete with traditional banking systems in certain aspects, but also took concrete actions by collaborating with the Ethereum Foundation to release the "Trustless Manifesto", aimed at recalibrating the direction for Ethereum's future development and ensuring that its core essence of "Decentralization" and "Anti-censorship" is not eroded. This series of actions is not only an affirmation of the current state of DeFi development but also a profound prophecy for the future financial paradigm.
Decentralized Finance and Banks
For a long time, traditional banks have relied on their large systems, strict regulations, and
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