Chainfeeds Guide:
I believe that participants in the Ethereum ecosystem, including those engaged in financial activities, are responsible and will not take risks lightly.
Article Source:
https://x.com/TechFlowPost/status/1955467244223467573
Article Author:
TechFlow
Perspective:
Vitalik Buterin: One of Ethereum's greatest contributions is playing a crucial role in promoting openness and decentralization, gradually making these concepts a habitual way of thinking for many. These values need to be continuously inherited and updated by each generation. If given the chance to go back in time, I would tell the young Vitalik everything we now understand about zero-knowledge proof (ZK-SNARKs) technology. Ethereum should be an inclusive ecosystem that can accommodate many different people and perspectives. The concept of Ethereum as a world ledger has become more concrete and better conveys Ethereum's core values. The emergence of Non-Fungible Token was also a huge surprise. I completely did not anticipate the birth of Non-Fungible Token. If we compare the ledger (Ethereum) to a book, then ETH is like the ink for writing the ledger. The ink can represent the functions of L2. If the ink is marked with TM (trademark symbol), it means it's a branded L2; if there's no TM symbol, it's an unbranded L2. Each project has the responsibility to create the best version of the philosophy its members are most passionate and comfortable with. I hope the ultimate result is that we can create things beneficial to the world, rather than falling into conflicts between projects or evolving into a state of merely shouting slogans. Privacy is a key focus we must address; privacy is freedom, an important right that we all should protect. Everyone in the Ethereum ecosystem should support the concept of privacy. We should not have privacy wallets; privacy should be a feature of all wallets, and privacy features should be seamlessly integrated into existing wallets. A proliferation of centralized data collection systems is fragile because if these databases are hacked, data originally thought to help national security might actually lead to national security instability. Ethereum's role can be divided into two parts. First, it provides a tool to protect people's freedom, autonomy, and organizational capabilities, independent of any individual, company, or country; the second part is building a global community. Ethereum has attracted a group of people who care about decentralized finance, innovative organizational forms, privacy protection, and democratic governance. The Ethereum community itself still holds irreplaceable value. The challenges in 2024 are partly due to the drop in ETH price putting pressure on the ecosystem; on the other hand, many previously popular projects and topics are gradually reaching their end, while new alternative projects have not successfully taken over. The future direction must be new projects that can bring actual benefits to the community and receive widespread support. L1 should have moderately low latency to meet ordinary users' needs; for scenarios requiring extremely low latency, such as high-frequency trading, L2 is a better choice. We need to find a way to make L1 and L2 work together to achieve balanced development of the entire ecosystem. Ethereum's greatest value lies in its openness. It's like a sandbox that allows people to try and innovate in different directions.
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