Ethereum co-founder discusses project development and future vision

Recently, at a global blockchain summit, the co-founder of Ethereum reviewed the development history of the project and looked forward to the future. He pointed out that since the launch of the Ethereum project in November 2013, it has undergone ten years of development, with the main goal always being to improve Ethereum technology.

In the past decade, Ethereum has made significant progress in several areas. First is the substantial reduction in transaction fees. By introducing Layer 2 solutions and the concept of EIP-4844, transaction fees have dropped from hundreds of dollars at their peak to around $0.01 currently, greatly expanding the application scenarios.

Secondly, there is an improvement in transaction confirmation speed. By optimizing block time and introducing new protocols, most transactions can be confirmed within a few seconds. In the future, with the help of Layer 2 technology, the confirmation time is expected to be further reduced to 1 second or even shorter.

The third is the improvement of user experience. From the early crude interface to the now exquisite client, applications in the Ethereum ecosystem have been able to provide a good user experience for ordinary users. The introduction of new concepts such as smart accounts and account abstraction has further enhanced usability.

The development of zero-knowledge proof technology is also a major highlight. This technology has made significant progress in computational efficiency, thus gaining widespread application in areas such as identity verification.

Looking to the future, the main challenge facing Ethereum is how to achieve ecological unity. Currently, cross-chain operations are still quite complex and prone to errors. To address this, new protocols and solutions are being developed to simplify this process.

For the future development of Ethereum, the founder proposed several key goals: to achieve a transaction processing capacity of over 100,000 transactions per second through Layer 2; to complete transfers between any Ethereum chains within 2 seconds; to provide a unified user experience; to expand the technical scope of Ethereum, not limited to EVM.

Finally, he encourages developers to actively try new ideas, believing that with technological advancements, projects that were unsuccessful in the past may now have new opportunities.