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Author: Savannah Fortis, Cointelegraph; Compilation: Deng Tong, Bit Chain Vision World
On July 30, the Ethereum network was launched nine years ago, which triggered a revolution in the field of decentralization.
In 2015, Vitalik Buterin and a group of visionary developers introduced the concept of smart contracts through Ethereum. By allowing the construction of a decentralized application (DAPP) on its platform, the blockchain pattern was completely changed.
Unlike Bitcoin, Before the emergence of Bitcoin Ordinals, Bitcoin was mainly used as digital currency, and Ethereum was designed as a multifunctional, programmable blockchain.This enables developers to create and deploy far exceeding the extensive DAPP of financial transactions.
In the past nine years, Ethereum has grown from this ambitious project to the cornerstone of the encrypted ecosystem, affecting countless innovations in the fields of finance, supply chain management, and games.It cultivates a dynamic developer, entrepreneur and enthusiast community, and they continue to break through the limits of blockchain technology.
To commemorate this milestone, we interviewed several key executives participating in the Ethereum ecosystem and shared nine key insights on the past achievements, current challenges and future potential of Ethereum.
1. Emerging market scalability challenges
Ethereum is the largest blockchain, with a total locking value (TVL) nearly $ 60 billion. It is the ultimate example of continuous development to expand the scale and carry its current activity volume.
Although the network has tried to reduce costs many times over the years, Dominic Schwentr, chief operating officer of LISK on the second floor platform, emphasized thatSuch expenses are an urgent problem faced by Ethereum in the future in Emerging Market (EM).
“We hope to avoid benefiting from the excellent ecosystem provided by emerging markets from Ethereum network.”
He said that with the improvement of the L2 solution, Ethereum may become “the cornerstone of the global digital economy” and greatly benefit these areas.The Ethereum and L2 addresses have increased by 127%last year, indicating that the amount of activity has increased.
If you get appropriate attention, this may be implied to the necessary improvement of the Domino card implied by the schewenter.
2. Real World Assets (RWA) tokens
Schwenter also emphasizes the benefits of real world assets to emerging markets.
“RWA allows capital acquisition channels in areas where traditional financial services are usually limited.”
By reducing transaction costs and enhancing liquidity, RWA token has promoted financial inclusiveness.
This will take emerging markets to the best hybrid financial system, linking them to other parts of the world in the best way, while changing the industry and giving global personal power.
3. Stabilize currency to help financial tolerance
The founder and CEO of Serotonin, AMANDA CASSATT, former marketing director of CONSENSYS, reviewed the role of stable coins in realizing the original goal of her so -called Ethereum “providing bank services to non -bank accounts”.
She has witnessed the influence of stable coins in emerging markets such as the Philippines, and they play an important role in promoting daily transactions.
“In the early days of Ethereum, if I heard the degree of stable currency adoption, I would be surprised. Many of us thought that one day the cryptocurrency would be used for payment, but the idea at that time was floating token like BTC or ETH.”” “
“Stable currency is very meaningful,” she said, and predicts that they will become “more important.”
4. Institutional cryptocurrency adoption
Cassatt pointed out the role of Ethereum to help encourages the use of cryptocurrencies in agencies, and pointed out the transformation from private blockchain to public blockchain.
“‘Blockchain without cryptocurrencies’, the popular method adopted by the predicted agency has no longer existing. The degree of blockchain is because they use cryptocurrencies.”
“This is a good idea,” she said, and encouraged “more people should consider it for the balance sheet.” This may even look like investing in ETF and other assets. On July 23, ETH ETF was just historically in historicEnter the market.
5. Ethereum as a settlement layer
Matt Katz, co -founder and CEO of Caldera, said that Ethereum has developed from an application development platform to a strong settlement and data availability layer, suitable for many Rollup.
“The progress of these extensions will open the door for the application of mass market applications in the fields of decentralized physical infrastructure (DEPIN), game and social platforms.”
Katz attributes this evolution to Optimistic and ZK proves that they allow applications to “rent” Ethereum security safely at affordable prices.
6. Distribution and infrastructure investment
Cassatt also clarified the investment trend in the Ethereum ecosystem, and pointed out that when Ethereum was successful, the venture capitalist (VC) invested a large number ofapp.
“The risk/return situation of infrastructure investment has attracted venture capitalists and attracted builders who want to support venture capital support.”
Cassatt said that the next era needs to focus on proved that applications can succeed and bring capital returns.She emphasized the importance of distribution and quoted Telegram and TON ecosystem as a promising field.
“Telegram is expected to become a WeChat version controlled by non -governmental control. It has a completely integrated autonomous sovereign wallet and can bring major activities on the chain,” she explained.As supervision becomes clearer, Cassatt said that she is expected to have more companies with actual distribution rights to enter the encryption field, thereby promoting industry growth.
7. Simplify user experience through account abstraction
Galxe co -founder Charles Wayn said he was particularly excited about the development of account abstraction, which simplified the user experience and allowed more flexible trading models.
“This means that the easier wallet management, enhanced security, and the ability to seamlessly implement more complex transactions,” he explained.He believes that this innovation will make Ethereum easier to be accessed and used by more extensive audiences.
8. Deliven open source and decentralization
Karl Floersch, co -founder and CEO of OP Labs, emphasized the importance of promoting open source standards and ecosystem public products.
“Many encrypted narratives around the fierce competition between big players, but there are very few discussions on how we effectively build open source software to promote our increasingly open Internet.”
He quoted Vitalik Buterin: “We are not here to create isolation tools and games, but to comprehensively build a more free and open society and economy, and make different parts of technology, society, and economy integrate with each other.”
Floersch believes,There are too many “zero -sum” competition in the current market, and emphasized that it is necessary to make economic coordination through plans such as traceable public goods funding to maintain the vision of decentralized Internet.
9. Ethereum is at the crossroads
Optimism co -founder said, he said, heIt is hoped that Ethereum has reached the vision of world computers in terms of technical and social and economic capabilities.
However, he said that in order to achieve this goal,Two things need to be done. The first is the open source technology stack. It is decentralized. It will not sacrifice the user experience. At the same time, it must provide sufficient funds for the open protocol of the entire ecosystem.
“If we do these two things well, then the problem is no longer where Ethereum will be 10 years later, but how the Internet will become a vibrant ecosystem.”
The THETA LABS strategic director WES Levitt also believes that Ethereum is at a critical moment.Although Ethereum is a pioneer extending the scope of cryptocurrencies to Bitcoin, it is facing competition from other first -level blockchains such as Solana.
“How will the story around next year end,” Levitt said.He believes that Ethereum maintains its ability to dominate its market value, especially when the launch of new ETFs is essential for consolidating its status in the cryptocurrency ecosystem.
