👀 Vitalik Buterin Announces Blockchain Shift to New Compute Model 🔹 Ethereum co-founder Vitalik Buterin spoke at the 12th Global Blockchain Summit during Shanghai Blockchain International Week. He discussed how advancements in zero-knowledge proofs, formal verification, and artificial intelligence are reshaping blockchain architecture. 🔹 According to Buterin, over the past 15 years, both the technical capabilities of the industry and core expectations regarding decentralized systems have fundamentally evolved. 🔹 Originally, blockchain enabled defining asset ownership and management rights. The next phase will be programmable privacy, where code also dictates who can access specific information. 🔹 He noted that early blockchain architecture required multiple network participants to redundantly execute the exact same operations. While this approach ensured verifiability, it inherently constrained throughput and privacy.