Consensys: Five insights into the future of Ethereum from EthCC 2024

Compiled by: Felix, PANews

The seventh Ethereum technology and community event EthCC was held in Brussels, Belgium from July 8th to July 11th. There were 350 speakers at this event. Consensys issued an article summarizing the event and putting forward five insights. The following is the full text of the content.

This year’s EthCC is special as Brussels hosts thousands of developers from all over the world. As EthCC conference week approaches, SEC litigation continues, global regulation and how to carve out a clear path for Web3 are in the spotlight. Despite the occasional heavy rain, Brussels is still a great host city with beautiful natural scenery, high urban density, and events, restaurants, and bars all within a few minutes' walk.

The Ethereum ecosystem has come a long way since we released EthCC Recap in 2023. However, more needs to be done to realize the vision for the future. While discussions about regulation were not at the top of the conference agenda, there were many exciting topics discussed: including identity, L2 security, user privacy, better user experiences, and the power and threats of AI.

EthCC 2024举办地，布鲁塞尔

Here are five takeaways from EthCC 2024. Hopefully by this time next year we'll have made enough progress in these areas to keep Web3 builders motivated and encourage new adopters.

1.Web3 UX is still not very good, but has made great progress

In the last EthCC, most of the discussions focused on improving Web3 UX to better guide users. In fact, Vitalik’s talk was titled “The History of Account Abstraction,” in which he stated that account abstraction will drive Ethereum’s next wave of mass user adoption. The focus is different this year as we have made some progress in this area with various teams launching their own smart contract account products.

A key highlight is the release of a new toolkit by Consensys via the Red Balloon Challenge: an alpha version of the MetaMask Delegation Toolkit, which allows users to enter Web3 games without using wallet extensions or apps, mnemonic words, or paying gas fees.

This shift tells us that we have moved from just talking about Web3 UX improvements to major players building innovative solutions to solve this problem, with teams like Coinbase, ZeroDev, Privy and more building and launching their own intelligence Contract account products.

2. More consumer dapps are the next key need to drive web3 adoption

If you read last year’s EthCC summary, you’ll see that this is a recurring theme. Unfortunately, unlike the obvious advancements in Web3 UX, we have yet to see progress in this area. As we all know, if Web3 wants to attract the next billion users, it must have sufficiently attractive consumer dapps. Many people debate why this problem still exists.

Some believe that the root of the problem is that funds are flowing mainly to infrastructure builders rather than consumer dapps, as the latter are likely to exit faster. Others believe that a lack of regulatory transparency is causing dapp developers to turn to infrastructure.

No matter what, Consensys is committed to solving these problems. This is reflected in our litigation with the U.S. SEC, aiming to obtain greater regulatory transparency, and our Scale program, which is also actively seeking and funding ecosystem builders.

3. In order to improve the security and transparency of L2, collaboration between teams needs to be strengthened

It is no longer news that L2 rollup is the future of Ethereum scaling. While we’ve seen a lot of innovation around L2s, especially in zero-knowledge rollups, discussions about how to make proof systems more transparent was a common theme throughout the week.

The meeting also specifically emphasized the need for the Optimistic Rollup team to strengthen cooperation to improve the fraud prevention mechanism. Developers agree that existing solutions are problematic and vulnerable to Sybil attacks that undermine the security, settlement speed and decentralization of anti-fraud systems. This is an important theme at this year's EthCC, especially among blockchain security experts.

4.AI will open a new dimension for blockchain dapps

Another key point is that the combination of AI and blockchain has huge potential to unlock new possibilities for dapps. Deep learning models excel at processing large amounts of data to identify patterns, make predictions, and enable decision-making processes by leveraging neural networks that mimic the cognitive processes of the human brain. Combined with the transparent, decentralized and censorship-resistant economic settlement layer of the blockchain network, this combination will enable immutable data storage and trust-minimized digital interactions.

一个被广泛讨论的用例是利用AI的数据分析能力，通过区块链上可用的大量数据来检测欺诈和诈骗，从而提高安全性。然而，我们还没有看到AI在dapp中的广泛应用。区块链和AI的集成可以解锁全新的商业模式，提高运营效率，帮助自动执行重复性任务，实现更安全和高效的数据交换，通过AI驱动的智能合约增强决策能力，并提高关键基础设施和经济流程的整体信任和透明度。

5.永远不要低估周边活动对社区建设的作用

今年，更多的人讨论的是他们参加的周边活动，而不是主活动。会不会是与演讲者和产品团队一对一的接触，让周边活动更有吸引力？Consensys今年举办了超过12场周边活动，其中都挤满了有兴趣与团队会面和聊天的人。

这在很大程度上可能归因于布鲁塞尔市中心的地理位置。这里非常适合步行，与会者可以轻松地从一场活动中出来，步行2分钟即可参加另一场活动。我不认为这种碎片化（有些人称之为）是坏事。以太坊本身是无需许可的，我不认为这像有些人所说的那样消极。然而，已经有许多在 X 平台上建议改善这一点，并重新将注意力集中在主要事件上。

Joe Lubin在Consensys AVS Day活动的舞台上

戛纳EthCC 2025见，Web3的建设者们

EthCC 2024取得了巨大成功。小组讨论的多样性和女性参与者数量的增加丰富了讨论内容，体现了一个更广泛、更具包容性的社区。

明年的EthCC将在法国戛纳举行。我们期待着新的见解和创新的出现。正如Vitalik所暗示的那样，他为以太坊勾勒出了一个强大的路线图，强调了其独特的优势和解决其不足之处的必要性。

随着不断建设和创新，我们依然致力于定义以太坊社区的高标准，并相信我们正走在实现去中心化未来的正确道路上。

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