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The Current Predicament and Future Solutions of Ethereum: Experts Analyze Its Scaling Strategy Adjustments and Development Prospects
Current Issues and Future Outlook of Ethereum
This episode features EthStorage founder Zhou Qi and Mint Ventures researcher Lawrence, discussing the current issues facing Ethereum and its future development prospects.
The Main Issues Facing Ethereum Currently
Layer2 scaling strategies are inconsistent with the core values of Ethereum, leading to incompatible incentives.
The progress of the project is slow, with each upgrade taking 1-2 years, making it less efficient compared to other public chains.
There are fewer new business models and innovations on the chain, and the activity level is not as high as in the last bull market.
The pursuit of extreme decentralization has impacted efficiency and seems out of place in the current regulatory environment.
There is a disconnect between the R&D team and the development team, with research directions not matching actual needs.
Ethereum's Response Measures
Adjust the scaling strategy and refocus on Layer 1 scaling.
Relax the extreme pursuit of decentralization and seek a balance between efficiency and decentralization.
Optimize client performance, with Geth and Nethermind achieving a 3-4 times performance improvement.
Organizational structure adjustment, adding two executive directors, conducting layoffs and restructuring.
Set more aggressive scaling targets, such as expanding 10 times within 1 year and 100 times within 4 years.
The Future Prospects of Ethereum
Experts hold a cautiously optimistic attitude towards Ethereum.
Advantages: Has a large developer community and network effects, still has advantages in financial application fields such as DeFi.
Challenge: There is a need to further improve decision-making and R&D efficiency, and better balance ideals with real-world demands.
Recommendation: Vitalik needs to be more open to criticism and balance long-term ideals with short-term practicality.
Investor Focus: Vitalik's change in attitude, more aggressive signals from the decision-making level, and interactions with regulators and the community.