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- 🌟 Photo Sharing Tips: How to Stand Out and Win?
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The Road to Restructuring Ethereum: From Idealism to Pragmatism, Scalability Becomes the New Focus
Ethereum Transition: From Idealism to Pragmatism
Ethereum has recently undergone many notable changes, such as Vitalik becoming very resolute on Layer1 scalability, restructuring and layoffs, presenting a relatively pragmatic approach to work. This episode invites Dr. Zhou, the founder of EthStorage, and Lawrence, a researcher at Mint Ventures, to discuss the current status and future of Ethereum.
Major Issues Facing Ethereum
The Layer2 roadmap is inconsistent with the core values of Ethereum, leading to incompatible incentives.
The project is progressing slowly, with each upgrade taking 1-2 years, making it less efficient compared to public chains like Solana.
There are fewer new business models and innovations on-chain, and the activity level is not as high as in 2021.
A strong obsession with decentralization seems inflexible in the current policy environment.
Low research and development efficiency, with a disconnect between the research team and the development team.
Ethereum's Reform Trends
Shift focus to Layer 1 scaling and abandon the previous Rollup Centric strategy.
Propose to achieve the goal of increasing Ethereum's scalability by ten times by the end of the year.
Reorganize and lay off, appoint two new executive directors.
Clients like Geth actively optimize code, resulting in a significant performance improvement.
Cancel some projects that do not directly address scalability, such as Portal Network.
Views on the Future of Ethereum
Experts hold a cautiously optimistic attitude towards Ethereum:
Advantages: There are many excellent developers, financial applications are still primarily on Ethereum, and there may be performance improvements in the short term.
Challenge: There is a need to pay more attention to the existing user needs, improve decision-making and R&D efficiency, and balance decentralization with practicality.
Expectation: Vitalik can more openly admit past mistakes and take more aggressive reform measures.
Suggestion: Ethereum should engage more actively with various stakeholders, including regulators and local communities.
Overall, Ethereum is transitioning from idealism to pragmatism, but this process still takes time. When making decisions, investors should pay more attention to changes in the attitude and actual actions of Ethereum's leadership in addition to focusing on specific data.