- Changpeng Zhao has acknowledged Ethereum co-founder Vitalik Buterin’s critical role in shaping the crypto industry.
- Zhao highlighted Buterin’s innovations, including smart contracts, ERC-20 tokens, and NFTs, as key drivers of crypto’s growth.
Changpeng “CZ” Zhao, former Binance CEO, has publicly recognized Ethereum co-founder Vitalik Buterin for his positive and transformative impact on the digital asset space. The acknowledgment came during a recent social media exchange on X, where users discussed cryptocurrency’s most significant people.
In his message, CZ highlighted how Buterin’s progressive work has been fundamental to the growth and development of the entire cryptocurrency ecosystem. He specifically pointed to Buterin’s innovations as key drivers that have helped the industry reach its current heights.
His tweet,
Crypto would not be the size it is today without Vitalik’s contributions, smart contracts, ERC20, NFTs, SBT, L2, and much more. Me, I am just a pleb still learning about blockchain.
This exchange represents a moment of recognition between two industry moguls who have each played pivotal roles in cryptocurrency’s journey toward mainstream awareness.
Buterin’s Innovations: Building the Foundations of Crypto
CZ highlighted several of Buterin’s creative and fresh contributions. Smart contracts, a major feature of Ethereum, revolutionized the industry by enabling decentralized applications (dApps). These self-executing contracts form the foundation for many blockchain-based services today.
Another major innovation is the ERC-20 token standard, which allows developers to create their cryptocurrencies on the Ethereum network. This standard paved the way for thousands of altcoins and decentralized finance (DeFi) projects. Buterin also played a key role in the rise of non-fungible tokens (NFTs) through the ERC-721 standard, which transformed digital ownership and creativity.
Additionally, Ethereum’s layer-2 solutions, such as rollups, have addressed scalability issues by reducing transaction fees and improving efficiency. CZ believes these innovations have driven the rapid growth of the crypto industry, and Buterin deserves recognition for that. Today, Ethereum is trading at $2,174.35, down 6.11%, and has a trading volume of $21.54B.
CZ’s Reflections On his Journey
CZ understated his contributions, calling himself “a pleb still learning about blockchain.” He has been a major player in the crypto space, though he recently stated he has no plans to start a new crypto project.
He confirmed this while replying to an exchange with Cryptoking, where he stated, “Let’s do that for DeFi now. People will say, “A bit late?” People also said in 2017, “There is no room for another exchange. It’s all done.” I won’t start a new project. Will help other founders.”
In 2013, CZ and Buterin met at a Bitcoin conference. CZ remembered doubting Ethereum’s Turing-complete language at the time. He also mentioned regretting not investing more in Ethereum’s 2014 ICO but thinks it might have kept him too comfortable, which could have stopped him from creating Binance and its BNB token. CZ’s respect for Buterin highlights how the crypto industry thrives on teamwork, innovation, and mutual support.
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