Future Development of Ethereum: Expansion Strategies and Value Accumulation

Since its inception, Ethereum has been committed to building a global, permissionless, and censorship-resistant blockchain network. This open platform aims to support the development of decentralized applications, continuing the spirit of free and open-source software projects.

In the past decade, Ethereum has not only achieved innovation in technological and economic aspects but has also become a new type of social technology. It demonstrates a more open and decentralized way of building, subverting the traditional social hierarchy. In this ecosystem, people focus more on solving real concerns rather than chasing power.

Today, Ethereum is playing an important role in multiple fields. Millions of people use ETH or stablecoins as saving and payment tools. It provides effective privacy protection tools, a decentralized domain name system ENS, and various DeFi applications, among others. The security and usability of these applications have been significantly improved.

Ethereum is currently mainly expanding through the layer two network (L2). L2 has achieved key decentralization milestones, safeguarding hundreds of billions of dollars in value, increasing Ethereum's transaction processing capacity by 17 times, while significantly reducing fees. This modular expansion approach has also brought more innovations.

However, L2 still faces two major challenges: scalability and heterogeneity. The current block space is nearing its limits, making it difficult to meet future demands. Interoperability and user experience among different L2s also need improvement. To address this, we need:

1. Accelerate the expansion of L1 block space
2. Moderately enhance the EVM processing capability of L1
3. Continue to improve the security of L2
4. Improve the interoperability standards between L2s
5. Accelerate the deposit and withdrawal speed of L2
6. Maintain the diversity of L2
7. Ensure that ETH continues to accumulate value in the L2 ecosystem.

Specifically, we should:

• Prioritize increasing the number of blocks to accelerate related P2P development.
• Allow stakers to directly adjust block targets
• Promote new technologies such as native Rollup
• Establish standards for cross-chain addresses, message passing, etc.
• Accelerate ZK proof speed
• Supports L2 using Ether as the main asset and transaction fees.
• Ensure the value capture of Ether through multiple channels.

The future of Ethereum requires the joint efforts of all parties in the ecosystem. L2 developers should contribute to the development of scaling tools and standards, wallet developers need to implement a seamless and secure user experience, and ETH holders and community members should also actively participate in relevant discussions. Only through collective efforts can we achieve a more free and open vision for Ethereum, allowing hundreds of millions of users to benefit from crypto assets and decentralized applications.