Vitalik Buterin, co-founder of Ethereum, stated at the OKX Now 2026 Summit in Singapore that traditional on-chain applications could decline within two years as AI agents and bots increasingly handle network transactions. He personally updated his Ethereum Name Service (ENS) records in five minutes by instructing a local AI agent, bypassing traditional user interfaces. The network is moving toward a cryptographic world computer model based on verifiable proofs rather than repeated execution. Buterin also warned of several risks, including pseudonymity erosion, prompt injection attacks, and AI agent security vulnerabilities, citing a major incident that caused approximately $1.4 billion in losses.
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