Buterin: Asian developers have a growing influence on encryption technology

Author: Bradley Keoun, CoinDesk; Compiler: Songxue, Golden Finance

Vitalik Buterin, co-founder of the Ethereum blockchain, said he has observed an increasing influence from Asian teams on crypto, a marked departure from the past when most development was done in the West.

Buterin told attendees at the Permissionless cryptocurrency conference in Austin, Texas, on Wednesday: “Five years ago, it seemed like the exchanges and the mining industry in East Asia were great, but you know, they were very interested in the development and research side. "It's a very small contribution." "I feel like there's been a really big shift."

While commenting on Asia, he also discussed the progress being made towards new “smart account” crypto wallets through an innovative technology called Account Abstraction (ERC-4337) launched earlier this year. The upgrade aims to make crypto wallets more user-friendly, including the ability to recover accounts if users lose their keys.

“I’ve been traveling in East Asia for the past month, and I’ve been exposed to at least four groups, maybe even five, that are building some kind of account abstraction wallet,” Buterin said.

Earlier in blockchain's 14-year history, this may not have been the case.

“When the average crypto Twitter user says ‘Oh, Asia is back,’ they’re actually referring to billionaires buying your favorite dogecoin or whatever,” Buterin said. He was referring to tokens such as SHIB of the Shina Inu blockchain ecosystem, which is another copycat of Dogecoin DOGE. “But I feel like there’s an Asian level of deep community and technology engagement here that’s unlike anything I’ve seen before the recent bubble.”

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