How Vitalik Buterin Plans to Revolutionize Airdrops and Stop the Scammers
The post How Vitalik Buterin Plans to Revolutionize Airdrops and Stop the Scammers appeared first on Coinpedia Fintech News
Ethereum co-founder Vitalik Buterin for the first time has come up with a strong statement about the effective and fair use of airdrops. In his statement, he has made some vital suggestions, capable of improving the airdrop framework. Here are the key insights from his statement.
Ethereum Co-Founder about Airdrop: What He ThinksIn his latest post in X, Buterin has termed airdrops as a method to reward genuine community members. He has highlighted the importance of rewarding those who have made genuine contributions to a project. He has appealed against the misuse of this process, taking a stand against those trying to game the airdrop system.
Airdrops are a fascinating initial use case for ZK / blockchain-based identity / credential / attestation frameworks. The goals of an airdrop are:
(i) distribute to community members [and not randos who will all immediately sell](ii) reward contributions to the project
(iii) be…
In order to improve the effective and fair usage of airdrops, he has put forward a sensible solution in his statement. He has appealed for the use of blockchain-based identity systems for airdrops. He has expressed his complete confidence in the solution that he has suggested. He has stated that it could effectively address the problems the airdrop system is currently facing.
In conclusion, Vitalik Buterin’s statement is expected to trigger a serious discussion in the crypto sector. What he has pointed out in his post is a lost standing issue, which deserves immediate intervention. It is appreciated that such a strong statement has come out in this regard from a person of such a high statue in the industry
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