Ethereum co-founder Gavin Wood on free Web3 and Ether-less Ethereum

In this episode of Decentralize with Cointelegraph, host Zoltan Vardai is joined by Gavin Wood, co-founder of Ethereum, Polkadot and Kusama. Wood shares his ideas for Web3 and the future of cryptocurrency, as well as his hope for a world where cryptocurrency transactions are free, making Web3 technology a universally accessible public good. The episode explores Wood’s innovative concepts, including the “proof-of-ink” system and the possibility of an Ether-less Ethereum. Wood also discusses his concerns about centralization within Ether distribution and the recent launch of Ethereum ETFs.

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Timestamps:
(00:00) – Introduction to the episode
(00:53) – Challenges with airdrops and identity in Web3
(02:12) – Individuality as a building block for Web3 adoption
(05:16) – Centralization concerns in Ethereum
(06:55) – Polkadot’s path and Ethereum’s decentralization
(09:23) – Risks of liquid staking and network security
(11:02) – Why Polkadot was created
(14:17) – Concerns and hopes for the future of Web3

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