Ethereum's Strong Fundamentals: From L2 to Privacy Tools, the Ecosystem is Constantly UpgradingEthereum co-founder Vitalik Buterin recently stated that Ethereum is becoming more robust. He pointed out that transaction fees on L2s have dropped below $0
Ethereum's Strong Fundamentals: From L2 to Privacy Tools, the Ecosystem is Constantly Upgrading
Ethereum co-founder Vitalik Buterin recently stated that Ethereum is becoming more robust. He pointed out that transaction fees on L2s have dropped below $0.01, and two EVM L2s (Optimism and Arbitrum) have entered their first phase. Wallet user experience has improved, eliminating the need for manual network switching, but there is still room for improvement. More powerful ZK tools and second-generation privacy tools like 0xbowio are emerging. The identity/reputation/credential ecosystem is becoming stronger and is being used in practice. Progress in STARKs enhances Ethereum's long-term security and decentralization prospects. The account abstraction roadmap and block building schemes are more clearly defined. Staking remains decentralized, debunking claims that PoS is more centralized than PoW. Currently, Ethereums fundamentals are very strong.
The development of L2s has played a crucial role in reducing transaction fees and improving user experience. Currently, Optimism and Arbitrum have entered their first phase, signifying the availability of more powerful functions and a more mature ecosystem. Additionally, the enhanced wallet user experience makes Ethereum more user-friendly. Users no longer need to switch networks manually, simplifying operations. While there is still scope for improvement, this progress has attracted more users to Ethereum.
Advances in privacy tools also bring greater security to Ethereum. The emergence of ZK tools and second-generation privacy tools enables users to better protect their data and privacy. 0xbowio, as an emerging privacy tool, will provide stronger privacy protection for Ethereum users.
The strengthening of the identity/reputation/credential ecosystem provides Ethereum with a more robust social foundation. Users can establish more reliable trust relationships through identity authentication, reputation evaluation, and credential verification. The practical applications of these ecosystems will further drive the development of Ethereum's use cases.
Progress in STARKs provides a safeguard for Ethereum's long-term development. STARKs are a more powerful proof system, capable of enhancing Ethereum's security and decentralization. The clear definition of the account abstraction roadmap and block building schemes points the direction for Ethereum's future development.
The stable decentralization of staking also demonstrates the security advantages of the PoS mechanism. Previously, some feared that PoS would be more easily centralized than PoW, but reality has proven this concern wrong.
In conclusion, Ethereum is continuously evolving and strengthening, with very robust fundamentals. From the development of L2s to advancements in privacy tools, from the improvement of the identity ecosystem to the application of STARKs, Ethereum is moving towards a more secure, efficient, and convenient direction. It is believed that in the future, Ethereum will continue to lead the development of blockchain technology, bringing more value to users.
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