The Future Development of Ethereum: Expansion Strategies and ETH Value Accumulation

The goal of Ethereum has always been the same: to build a global, censorship-resistant, permissionless blockchain platform. It is an open platform for decentralized applications, based on the same principles as open source projects like GNU + Linux, Mozilla, Tor, and Wikipedia.

Over the past decade, Ethereum has not only innovated technologically but also made progress on a social level. It has demonstrated a new, more open, and decentralized way of building. In this ecosystem, the most respected are those technical personnel focused on solving problems, rather than those chasing power.

Technical projects and social projects are inherently intertwined. Decentralized technological systems require decentralized social processes for maintenance, and vice versa. After years of effort, Ethereum has provided practical value on a large scale: millions of people use ETH or stablecoins as savings and payment tools, effective privacy protection tools, the decentralized domain name system ENS, decentralized social media alternatives, and high-yield DeFi tools for ordinary users.

Currently, Ethereum's scalability mainly relies on Layer 2 networks (L2). Compared to early experiments, today's L2 has reached a key milestone in decentralization, protecting billions of dollars in assets, expanding Ethereum's transaction capacity by 17 times, while significantly reducing costs. This has brought about a new wave of applications, including DeFi platforms, social networks, prediction markets, and more.

L2 faces two major challenges: scale and heterogeneity. We need more blob space to meet the demands of L2 and future use cases. At the same time, the heterogeneity between L2s also brings issues of composability and user experience.

To address these challenges, we need:

1. Accelerate the expansion of L1's blob space
2. Moderately expand the EVM and gas limits of L1
3. Enhance the security of L2 to achieve the same security guarantees as sharding.
4. Improve interoperability and standardization between L2s
5. Accelerate L2 deposit and withdrawal speed
6. Encourage the diversity of L2s while ensuring basic interoperability.
7. Consider the economics of ETH to ensure it can still accumulate value in an L2-dominated world.

Specific measures include:

• Increase the number of blobs in each time slot, aiming to reach 128 blobs per time slot.
• Develop native Rollup, incorporating EVM state transition validation as part of the protocol.
• Achieve interoperability standards such as chain-specific addresses, standardized cross-chain bridges, and messaging.
• Adopt a multi-faceted strategy to consolidate ETH as the main asset of the Ethereum ecosystem.
• Encourage L2 to support ETH through fee destruction or staking.

Ethereum has provided opportunities for hundreds of millions of users to access crypto assets and decentralized applications, but there is still much work to be done. L2 developers need to contribute to blob expansion, EVM execution expansion, and interoperability standards. Wallet developers should participate in implementing standards that make the ecosystem more seamless for users. ETH holders and community members should actively engage in these discussions, contributing ideas for areas that still need brainstorming. The future of Ethereum depends on everyone's active participation.