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Author: AmyWang Source: @AmyWang2010
In the recently held Space, which is “Love is deep and responsibilities are serious, what’s wrong with Ethereum?”, several investment research bloggers started with problems in the past and reality of Ethereum and conducted systematic discussions around Ethereum.Crypto researcher AmyWang wrote an article to share his thoughts after listening.
Thank you for participating in this exchange and discussion. The following is a review and summary of yesterday’s content, which summarizes the main concerns and discussion points of everyone’s current Ethereum ecosystem:
Core dispute points
1. Liquidity splitting and mainnet experience stagnation
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At present, the liquidity dispersion and operation experience of the Ethereum main network are stagnant, making user churn a trend.
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The key to this question is: Can the L2s have to be expanded to achieve capacity?When will the feed back from L2 to L1 begin and how to achieve it?
2. The disconnection between technological innovation and actual needs
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After the expansion of the technological innovation led by the foundation, it gradually deviated from actual needs, and even caused the phenomenon of “princes cede land” and the use of related households, leading to the expulsion of good coins by bad coins.
Current industry phenomenon and limitations of VC model
We have long discussed the current industry phenomenon: it is not VC itself that opposes it, butShort, flat and fast repetitive infrastructure and new concept stacking, these bubbles put users at a disadvantage under the guidance of rapid financing and on-site.Users need to bear high gas costs, but ultimately cannot obtain corresponding experience improvement, which leads to a gradual loss:
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Entrepreneurship is aimed at foundations and exchanges, and is oriented towards financing and shipping on the Institute. Users become data supporters, pay handling fees and work hard for the project party, and ultimately get an unacceptable FDV pie.
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The first proposal of Ethereum inscriptions has been widely questioned and ridiculed.Although from a technical point of view,
calldataThe way to write text content as a block notation field is rough and simple, but this attempt also reveals another possibility for blockchain:Do users need to pay for unnecessary on-chain calculations?Is there a better path to low-cost expansion?
Questions about L2 mode
In my opinion, some L2 models that require 24 hours to arrive or even contain backdoors have created a false TVL prosperity with the help of brushing volume, which has lost the core advantages and original intention of blockchain.More importantly, mainnet expansion relies on the coupling of a large number of L2s, which currently seems not sustainable enough:
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Relying on faith to maintain interests is difficult to last in the face of real interests.
How to judge the advantages and disadvantages of the main network expansion plan?
Borrowing the four evaluation criteria for Bitcoin ecosystem proposed by @weihaoming, we can define the basic requirements of Ethereum expansion plan:
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Native technology innovation: Including technological breakthroughs in the issuance and expansion of main network assets.
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Inheriting the security of the main network: No bridge, no backdoor, no multi-sign privileges, cannot be closed.
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Empowering the ETH economic model: Bring a deflation effect to the main network ETH.
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Lower the threshold for user use: It has low-cost, seamless migration and universal interoperability interfaces.
Future expansion possible
Under the wave of inscriptions last year, the Ethereum eths community has experienced a year of accumulation and growth, supporting the founding team through direct donations and Gitcoin donations, and exploring the path of expansion without leaving the main network.
For example, the birth of the http://facet.org platform follows the above four standards: a public goods expansion plan with no team issuance, no airdrop, and no reservations is launched only by community support.Can such a scaling solution bring new possibilities to the current Ethereum?Let’s wait and see.
