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# CZ of Binance Applauds Vitalik Buterin’s Impact on Crypto Acceptance
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Changpeng Zhao (CZ), Binance’s former CEO, has recognized Ethereum co-founder Vitalik Buterin’s significant contribution to the development of the cryptocurrency sector. CZ’s remarks were made in response to an X platform post that highlighted the people who have had an impact on the crypto field.
## Ethereum’s Advancements are Essential to Crypto’s Development
According to the founder of Binance, Buterin’s contributions to the cryptocurrency field are a key factor in the industry’s tremendous expansion. He emphasized that the Ethereum co-founder’s substantial contributions are evident in a variety of ways.
This includes Buterin’s innovations, such as smart contracts, which serve as the cornerstone of decentralized applications (dApps).
The ERC20 token, which serves as the standard that enables the existence of thousands of alternative cryptocurrencies on the Ethereum network, is another innovation.
Buterin has also contributed to the NFT digital ownership revolution through the Ethereum ERC-721 standard and Ethereum’s Layer 2 solutions, such as rollups. These have helped to lower cryptocurrency costs and boost efficiency.
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Without Vitalik’s contributions, such as smart contracts, ERC20, NFTs, SBTs, and L2s, the crypto industry would not be as large as it is today.
I am still learning about blockchain technology as a regular person.
Zhao noted that his primary introduction to Buterin occurred during a Bitcoin gathering around 2013. Furthermore, he knew about Ethereum’s preliminary digital currency launch during 2014. Toncoin (TON) Value Forecast for March 26th
