Ethereum's New Vision: Return to the Source, Focus on L1 Scaling, Build a Global Network

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Ethereum's New Vision: More Focused, More Pragmatic

In recent years, Ethereum has faced numerous challenges and criticisms. To address these issues, the Ethereum Foundation has made adjustments in its leadership, initiated efforts to improve transparency and participation, and placed greater emphasis on capturing value at the foundational level.

Recently, Tomasz K. Stańczak, Co-Executive Director of the Ethereum Foundation, has been actively involved in various activities and panel discussions, signaling a new direction for future development. So, what exactly is the future vision of Ethereum? How can we ensure that this vision is well executed?

More focused and pragmatic, Ethereum's new vision

Core Objectives

The main goals of Ethereum include:

  1. Return to the spirit of cryptocurrency, protecting privacy and the trustless feature. Not only attract new users but also ensure they can practice these values.

  2. Maintain Ethereum's position as the most secure and resilient blockchain infrastructure. This involves how to enhance security, communicate security concepts to users, and ensure that both institutions and users can fully leverage this advantage.

  3. Ensure that technological development always upholds the core spirit and values of Ethereum, avoiding shortcuts and compromises.

The Ethereum Foundation plans to adopt a more proactive approach in formulating new funding policies. This will be used to explore efficient and sustainable DeFi protocols and to make strategic fund allocations, shifting from passive to guided management.

More focused and pragmatic, Ethereum's new vision

Long-term Challenges

The long-term challenges facing Ethereum include:

  • Regulatory Clarity
  • AI adoption
  • Privacy Issues
  • Increase institutional adoption rate

The vision of Ethereum is to treat various industries as modular components, achieving open source and removing intermediaries. These modules will ensure a smooth transition from Web2 to Web3, eliminating friction between institutions.

The ultimate goal is to allow users to trade all global assets on-chain. To achieve this goal, Ethereum needs to address the main challenges faced by users, including on-chain privacy, identity verification, and other issues, while building Ethereum as a trusted layer for AI execution.

More focused and pragmatic, Ethereum's new vision

Future Focus

The future Ethereum will focus on:

  • Trustworthy Neutrality
  • Globalization
  • Privacy and Security Design

This will create a diverse environment, establishing a social structure that promotes collaboration among different participants, with the ultimate goal of making Ethereum a resilient network.

To truly resist centralization, it is essential to ensure global participation, incorporating diverse voices and approaches to build a genuinely global network. This will enable Ethereum to listen to important issues and empower diversity and variety.

More Focused and Pragmatic, Ethereum's New Vision

Relationship between L1 and L2

The Ethereum Foundation has made it clear that there is no opposition between L1 and L2. On the contrary, Ethereum will more actively guide how to ensure these L2s reach the second phase, protecting users through Ethereum as the underlying foundational layer.

More Focused and Pragmatic, Ethereum's New Vision

Emerging Technology Challenges

With the emergence of real-time blockchain ( such as MegaETH ) and fast networks ( like Monad and Hyperliquid ), Ethereum faces challenges in interoperability and integration.

  • How to ensure connection with the Ethereum mainnet?
  • How to build a high-speed blockchain inheriting the security parameters of Ethereum?

New tools need to be introduced to identify new challenges and ensure that the client can integrate with these networks. This opens up new creative space for client development.

More focused and pragmatic, Ethereum's new vision

Future Development

The Ethereum client team plans to significantly increase the Gas limit per block, aiming to reach 100 million Gas by the end of this year or the first quarter of next year.

Internal restructuring will help achieve this goal, and the modular team will focus on:

  • Expand L1
  • Expand Blob
  • Improve user experience
  • Enhance interoperability

It is worth noting that expanding L1 has become one of these goals, a previously overlooked area.

Overall, Ethereum is moving towards a more focused and pragmatic direction, and this transformation is worth looking forward to.

More focused and pragmatic, Ethereum's new vision

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TokenSleuthvip
· 5h ago
Let's talk about the vision again, let's make it happen.
View OriginalReply0
DefiSecurityGuardvip
· 6h ago
*sigh* typical security theater... show me the actual smart contract audit first
Reply0
ShibaSunglassesvip
· 6h ago
ETH really has a future.
View OriginalReply0
BlockchainBouncervip
· 6h ago
To be honest, it's still very stable.
View OriginalReply0
MysteriousZhangvip
· 6h ago
Again deceiving
View OriginalReply0
GweiWatchervip
· 6h ago
That's too bad, at most 3000.
View OriginalReply0
UnluckyLemurvip
· 6h ago
Well done, ETH, that's how it should be.
View OriginalReply0
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