The Future of Ethereum: Expansion Strategies and Value Accumulation

Since its inception, Ethereum has been dedicated to building a global, censorship-resistant, permissionless blockchain. As an open platform for decentralized applications, Ethereum embodies the spirit of free and open-source software projects and reflects the ideals of cyberpunk.

In the past decade, Ethereum has not only innovated on technological and economic levels but has also formed a new type of open collaborative model on the social level. It demonstrates a decentralized way of building, subverting the traditional social hierarchy. In this ecosystem, those who truly have influence are the ones focused on solving real problems, rather than those chasing power.

After years of development, Ethereum has become a tool used daily by many people. Millions hold and use crypto assets through Ethereum, and it also provides practical features such as privacy protection tools and a decentralized domain name system. Although there were security concerns in the early days, the Ethereum ecosystem is becoming increasingly healthy and stable with the maturation of technology and the advancement of scalability.

Currently, Ethereum is mainly scaling through the Layer 2 network (L2). L2 has made significant progress, greatly increasing transaction processing capacity and reducing costs. However, L2 still faces two major challenges: scalability and heterogeneity.

1. Scale: The current capacity is insufficient to meet the growing demand.

2. Heterogeneity: The interoperability and user experience between different L2s need improvement.

To address these challenges, Ethereum needs to continue its efforts in the following areas:

• Accelerate the expansion of blob space
• Moderately expand the EVM and gas limits of L1
• Improve the security of L2 to achieve shard-level protection.
• Improve interoperability standards between L2s
• Accelerate the deposit and withdrawal speed of L2
• Encourage the diversified development of L2 while ensuring basic interoperability.
• Ensure that ETH can continue to accumulate value in an L2-dominated environment.

Specifically, we need:

1. Significantly increase the number of blobs to improve data bandwidth.

2. Accelerate the development of native Rollup and multi-proof systems to enhance L2 security.

3. Promote the standardization of cross-chain addresses, message passing, bridging, etc., to enhance interoperability.

4. Adopt a multifaceted strategy to solidify the economic position of Ether:

   • Position ETH as the main asset of the Ethereum ecosystem
   • Encourage L2 to support ETH through fees
   • Partial support for rollup-based rollups
   • Increase the number of blobs and consider them as a potential source of income

Ethereum has already shown great potential, but to achieve a freer and more open future, all parties in the ecosystem must work together. L2 developers need to contribute code for blob expansion, EVM expansion, and interoperability. Wallet developers need to implement relevant standards to provide users with a seamless experience. ETH holders and community members should also actively participate in discussions to contribute ideas and suggestions for ecosystem development.

The future of Ethereum is in the hands of each and every one of us. Let's work together to create a better future.